Shares & Derivatives
Soilbuild Business Space’s Distributable Income Falls 3.9% for the Quarter
By Investment Moats  •  October 13, 2016
Soilbuild Business Space(Dividend yield 7.9%) announced their third quarter results. The Distributable Income dropped by 3.9% and overall DPU dropped by 13.9%. We have to be aware that there was a preferential offering, which is dilutive to existing shareholders and enlarged the share base. This preferential offering was to fund the purchase of a short land lease Bukit Batok connection. The Gross Revenue was down by 4.7% versus last year same time. However, we expected the impact to be greater. Recall that Technics Oil and Gas defaulted on their rent, and Technics Oil and Gas contribute 8% to revenue. It is likely that the company is drawing down the rental deposit. There are only 3% more properties in 2016 that is up for renewal. We are already seeing Soilbuild renewing 2.3% of the properties expiring in 2017. From the above slide, those forward ......
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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