Friday, February 17, 2012

LMIR: 4Q 2011 results.

In recent weeks, I noticed that in some publications including The Business Times which compare high yielding stocks in Singapore, LMIR's distribution yield was overstated probably based on historical quarterly DPU. Historically, LMIR's quarterly DPU hovers at around 1c.



Recently acquired Pluit Village.

Personally, I estimated the DPU after acquisitions and rights issue to be closer to 3.26c