ALZ - Australand Property Group
- Thread starter mmmmining
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Re: ALZ - Australand Property Stapled
Was saying I sold ALZ a few months ago at $3.82 or so. This was after Mirvac or GPT made a failed takeover offer in December. I made the sale knowing that, or at least was expecting, some other offer will be coming... i figured the upside of a new offer wouldn't be more than 10 or 15% above $3.80 and it could be a long while and there's a couple of opportunities i saw that i thought would be better.
The first reinvestment did very well within a couple of weeks, but has now gone back to a return of around 12%, the second opportunity I missed out because the price got back up before i could buy... so I'm holding a cash position and a 12% return from the ALZ sales where I could have gained an extra around 28% if i had held it.
was trying to be too smart for my own good.
Was saying I sold ALZ a few months ago at $3.82 or so. This was after Mirvac or GPT made a failed takeover offer in December. I made the sale knowing that, or at least was expecting, some other offer will be coming... i figured the upside of a new offer wouldn't be more than 10 or 15% above $3.80 and it could be a long while and there's a couple of opportunities i saw that i thought would be better.
The first reinvestment did very well within a couple of weeks, but has now gone back to a return of around 12%, the second opportunity I missed out because the price got back up before i could buy... so I'm holding a cash position and a 12% return from the ALZ sales where I could have gained an extra around 28% if i had held it.
was trying to be too smart for my own good.
So_Cynical
The Contrarian Averager
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Re: ALZ - Australand Property Stapled
4 years and my ALZ adventure has ended, 2 (part) parcels from 2010 sold today for $4.56 ~ trade profit of 95.6% with dividends to many to mention but would bump the total return up to about 125%
I doubt Stockland will counter and will be more inclined to take the profit on their 20% of ALZ, im Moving on to Veda.
4 years and my ALZ adventure has ended, 2 (part) parcels from 2010 sold today for $4.56 ~ trade profit of 95.6% with dividends to many to mention but would bump the total return up to about 125%
I doubt Stockland will counter and will be more inclined to take the profit on their 20% of ALZ, im Moving on to Veda.
Re: ALZ - Australand Property Stapled
Mirvac never bid for Australand. GPT made an offer to buy part of the business only which was rejected.
Mirvac never bid for Australand. GPT made an offer to buy part of the business only which was rejected.
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Re: ALZ - Australand Property Stapled
yea you're right. I can't remember the bidder.
Way too much M&As going on...
yea you're right. I can't remember the bidder.
Way too much M&As going on...
nulla nulla
Positive Expectancy
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Re: ALZ - Australand Property Stapled
Given that Stockland paid around $3.80, with the offer price (dividend and prorata div included in the offer), they are up nearly $1.00 per share on their 19.9%. from memory about $380 million. Hard call for Stockland.
Do they add a few more shares and block the other bidder?
Do they walk away from their offer and sell their stake on market or into the offer, taking a hefty profit? or
Do they wait four weeks to see if the offer is confirmed then continue with due diligence?
I would be amazed if they came back with a higher offer given their original offer was already at a premium and the competing offer is so much higher.
Given that Stockland paid around $3.80, with the offer price (dividend and prorata div included in the offer), they are up nearly $1.00 per share on their 19.9%. from memory about $380 million. Hard call for Stockland.
Do they add a few more shares and block the other bidder?
Do they walk away from their offer and sell their stake on market or into the offer, taking a hefty profit? or
Do they wait four weeks to see if the offer is confirmed then continue with due diligence?
I would be amazed if they came back with a higher offer given their original offer was already at a premium and the competing offer is so much higher.
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Re: ALZ - Australand Property Stapled
On November 3rd, 2014, Australand Property Group (ALZ) was removed from the ASX's official list following completion of the compulsory acquisition process by Frasers Centrepoint Limited.
On November 3rd, 2014, Australand Property Group (ALZ) was removed from the ASX's official list following completion of the compulsory acquisition process by Frasers Centrepoint Limited.