Listed Property

[Moonraker]

The REIT regime has arrived.
http://www.moneyweb.co.za/moneyweb-safm-market-update/r-964
Will certainly improve marketability.
I have heard that PUT's/PLS's that comply with the requirements and want to convert will have to do so by 1/07/13.

[Goliath]

Everyone positive about it so can only be good in long run!

[Moonraker]

SA REITs: Will investors benefit?

For us unitholders, not much will change, except that the interest received will not benefit from the annual interest exemption (currently R23,800 for individuals under 65 and R34,500 for individuals over 65) as the income is regarded as rental income.

[Patrick]

I've recently left physical property to move into equity. I have considered having a portion in listed property due to the good dividends, but the fact that the dividends are classed as interest has kept me until now, but I'm beginning to reconsider.

[Moonraker]

I've recently left physical property to move into equity. I have considered having a portion in listed property due to the good dividends, but the fact that the dividends are classed as interest has kept me until now, but I'm beginning to reconsider.

Puts/Pls form the core of my portfolio since about 15 years - no regrets. Can be classed as defensive, although there is some risk when interest rates shoot up, akin to bonds. You will find interest distributions increase on average by some 8 % p.a.

Check how the indexes outperformed the JSE. ( Also in April, and today).

[Goliath]

This my favorite sector by far, hoping that Redefine wil start to climb a bit as they are trading closest to their NAV in comparison with the other big guns.. Got some at R10.01 all in so I'm happy! 

[Nivek]

How does listed property generally handle a bear market? Does the good dividend payments give it some resilience?

[Moonraker]

How does listed property generally handle a bear market? Does the good dividend payments give it some resilience?

Not really any better or worse. In a crash everything, including defensive stocks, drop sharply.
We had a crash in 1987, the good thing was that I could get PUT/PLS stocks on a yield of 18%-20% !
As it stands now, yield is of huge relevance to investors globally due to negative, or close to zero yields
on bonds and other fixed investments. Given that scenario, I would venture to say that our listed property
will this time round be more resilient to a global market crash.

Unfortunately only a charlatan will profess to know exactly what will happen and when it will happen.

[Moonraker]

Oh boy ! Here we go again. Grt vs. Rdf for Fpt

As a holder of both Fpt and Grt, I have always supported Grt's offer and was pissed off that it didn't get to the voting stage.
Now things are really starting to get interesting, as I think the JSE will rule in favour of Growthpoint.

Read all about it in SENS today. http://www.sharenet.co.za/v3/sens_display.php?tdate=20130417132000&seq=22

The purpose of this announcement is to communicate to Growthpoint linked unitholders and the market in
general:

1.   the background to the Competing Proposals and Growthpoint’s views and position in relation to the evolution
     and resultant outcome of the Competing Proposals; and
2.   processes being pursued by Growthpoint with the relevant regulators and stakeholders to ensure that:
          a. Fountainhead unitholders are afforded the opportunity to consider and vote on the Growthpoint
             Offer, which they have to date been precluded from doing so, due to the continued actions and
             threats of litigation by Redefine aimed at protecting its proprietary interests, which are contrary and
             misaligned with those of Fountainhead unitholders; and
          b. Redefine is precluded from voting its Fountainhead units in terms of the Growthpoint Offer.

The Growthpoint Offer remains at a 11.2% premium to the Fountainhead unit price based on closing prices as at
16 April, 2013, which equates to a premium of R1 166 million.

In the Fountainhead SENS announcement dated 28 March, 2013, the Independent Committee indicated that
     it would not re-engage with Growthpoint in respect of the Growthpoint Second Offer unless it could be
     proven that Redefine would be precluded from voting its units in respect of the resolutions to approve the
     Growthpoint Offer.

     To this end, Growthpoint has requested a formal ruling from the JSE that Redefine be precluded from voting
     on all resolutions, including the vote required to amend the Trust Deed, and is awaiting the JSE’s response.
     Growthpoint is of the view that the Manco is a related party as defined in terms of the JSE Listings
     Requirements, which is supported by the extraordinary circumstances arising from the continuing conflict of
     interest, Redefine will be precluded from voting on the Growthpoint Offer.

     Growthpoint has to date received letters of support from Fountainhead unitholders confirming their support
     for a vote of Fountainhead unitholders which would specifically exclude those units held by Redefine and its
     associates, and to lodge their vote in favour of the resolutions necessary to implement the Growthpoint

[Goliath]

Jip, looks like it isn't over and Growthpoint might pull through! 

Swopped out my Redefine Monday for more Afrocentric due to the excellent dip it is having! 

[smiley]

Jip, looks like it isn't over and Growthpoint might pull through! 

Swopped out my Redefine Monday for more Afrocentric due to the excellent dip it is having! 

Good move, been up these past 2 days 

[Goliath]

Think so too, if I had more I would've put in some more, currently a third of my portfolio! 

[Ykhan]

bought some arrowa for my cfd protfolio, results out on the 9th May(expected)

looking at their previous results, they should be bringing out some good results! fingers crossed.

[Ykhan]

bought some arrowa for my cfd protfolio, results out on the 9th May(expected)

looking at their previous results, they should be bringing out some good results! fingers crossed.

which other share/derivitive gives rebates 4 times a year except this one and satrixdiv?