2,730,000,000 / 520,997,000 = 5.24.
Each Kasset will give u 5.24 IGBReit.
Kasset will have a total cash of 1,212.559M + 670M (IPO) = 1,812.559M cash
From there, the distributable sum is 1,266.990M.
1,266,990,000 / 520,997,000 = RM2.43 per share.
Therefore:
Buying 1k of Kasset today would have cost you RM7,400.
You will get back RM2,430 cash + 5,240 IGBReit.
(RM7400-RM2430)/5,240=RM0.948 per unit of IGBReit
Theoretical IPO Price is RM1.00. so yeah, you do get some sort of discount.
Market is super efficient... that is why it never goes beyond RM7.60.. I still have so much to learn...
Each Kasset will give u 5.24 IGBReit.
Kasset will have a total cash of 1,212.559M + 670M (IPO) = 1,812.559M cash
From there, the distributable sum is 1,266.990M.
1,266,990,000 / 520,997,000 = RM2.43 per share.
Therefore:
Buying 1k of Kasset today would have cost you RM7,400.
You will get back RM2,430 cash + 5,240 IGBReit.
(RM7400-RM2430)/5,240=RM0.948 per unit of IGBReit
Theoretical IPO Price is RM1.00. so yeah, you do get some sort of discount.
Market is super efficient... that is why it never goes beyond RM7.60.. I still have so much to learn...
If you buy Kasset at 9.17, your average IGBReit will be at RM1.28626.
If you buy Kasset at 9.5, your average IGBReit will be at RM1.34924.
Of course, with the RM2.42 per share cash return. Cash distribution will only be announced later, expected to be Q1 2013.
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