With the Keppel Surprise Acquisition offer of around $2.099 per share (Consisting of Cash, Keppel Reit Shares and SPH Reit Shares), it signals the end of an once dividend darling to many investors.

One can never forget the umbrage era, led by Mr Ng who have joined on 1 July 2017. When he joined the company, the share price on 30 June 2017 was $3.23.

During his time up till recently, a dividend of $0.395 was paid. Which meant that the returns of a shareholder would have amounted to a loss of 22.79%. However, considering that a dividend may be announced still, the losses might be reduced further.

1 would wonder what has gone all wrong at the company for such things to happen. Let me attempt to sum it up from my memory.

Downhill Financials

From a profit of 395 million in FY 2017 to a profit of 259 million in FY 2019 to a loss of 112 million in FY 2020,