Wednesday, October 5, 2011

LMIR: Circular to unitholders.


Two days ago, LMIR issued to unitholders a circular regarding the EGM to be held on 20 Oct with regards to the proposed acquisitions of Pluit Village and Medan Fair as well as the proposed 1 for 1 rights issue.

The management provided two sets of numbers, one which looks at FY2010 and another looks at 6M 2011. I would like to be a bit creative with the numbers to determine if LMIR is worth