Shares & Derivatives
[Paywall] Accordia Golf Trust share price in final fantasy?
By SG Wealth Builder  •  August 31, 2020
Should investors of Accordia Golf Trust run for their lives or fight to their very end by blocking the upcoming assets divestment deal? On 29 June, the trust announced that it is selling its 88 golf courses for $804.1 million. And then on 7 August, the trust came back with a revised offer of $848.4 million. The announcements sent Accordia Golf Trust share price to hit a three-year high. Accordia Golf Trust debut in SGX mainboard only in 2014. So the divestment announcement should come as a shock to many investors as it is proposed that trust to be wind up after the divestment of the golf assets. Nevertheless, the proposed divestment did help to lift Accordia Gold Trust share price from $0.44 on 19 March to the recent $0.74. The total distributions issued amounted to 31.42 cents. So for those who had held the units till now, the returns would have been quite decent....
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By SG Wealth Builder
Welcome to SG Wealth Builder! My name is Gerald and I hope that you find this blog useful in your wealth building journey. The motto of this blog is “to make money, to build wealth and to preserve wealth” ...
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