- Yield = 8.36%
- Price-to-book Ratio = 1.115
- Assets per unit = $1.098
- Debt per unit = $0.381 (including current liabilities)
- Gearing = 34.7%
IREIT Global has announced their first acquisition which is quite major compared to its size. They have also announced their Right issue to finance their purchase at 45 for 100 at $0.468 per share. And before this, they have obtain a credit rating which is "BB". Here are the statistics after Rights issue.
Price after Rights = $0.70
I have 1,000 shares from IPO which I have been holding till now. I will still participate in the Right issue and also apply for excess Rights since they are pricing at a discount. Well, as long as I am allocated excess rights, I will benefit from this exercise.
Price after Rights = $0.70
- Yield = 9.55% (After Rights Issue)
- Price-to-book Ratio = 1.201 (After Rights Issue)
- Assets per unit = $1.071
- Debt per unit = $0.489 (including current liabilities)
- Gearing = 45.6%
I have 1,000 shares from IPO which I have been holding till now. I will still participate in the Right issue and also apply for excess Rights since they are pricing at a discount. Well, as long as I am allocated excess rights, I will benefit from this exercise.
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