Lets do number crunching.
I want to know the impact of Kemang Village to distribution.
Before 17 December,
Distribution = 0.57 cents (Higher than projected)
Hence, 0.57cents * 2462648552 (no.of units)= $14037096
That is for 77 days, assume no seasonality effect within a quarter,
The second distribution, LMIR existing portfolio would contributed $2369899 for 13 days
Kemang Village will then be:
0.14 cents* (2462648552+117647000(equity shares placement entitled to distribution) minus $2369899
= $1242514
That is Kemang impact for 13 days. Do it for 30 days it will be
$2867340
So the new 30 days distribution for enlarged portfolio going forward should be $19274335
Total enlarged base of units including consideration shares will be 2701802668 units
Going forward, the distribution would still be 0.713 cents.
If this is really the case, then Kemang will be accretive!
However, in its latest presentation, LMIR no longer break down ......
