URW - Unibail-Rodamco-Westfield

[nulla nulla]

WDC was suspended from trading on the ASX on 25 June 2014. The restructured component of Westfield Group now trades as Westfield Corporation under the ASX tag "WFD". Long term I wouldn't be surprised to see WFD relocate to the U.S.A.

 

[nulla nulla]

If you bought WDC for $10.63 in the week or so before the restructure, as at close of business on Friday 27 June 2014 for every 1,000 shares you held you are $589.50 better off plus the div of $262.50 ($0.2625 for each share held) that you will receive in August.

Pre restructure:

WDC 1,000 x $10.63 = $10,630.00

Post restructure (close 27/6/14):

WFD 1,000 x $7.17 = $ 7,170.00
SCG 1,246 x $3.25 = $ 4,049.50 $11,219.50

Capital Gain $589.50
Dividend $262.50
Total profit $852.00 or 8.01% for a few days hold.

You gotta love the games these people play.

 

[Marko62]

Hi everyone
I bought WDC back in 2011/2012 for an avg price of $9.06. My question is how will capital gains be worked out, what price did i acquire them for and what date can i put in as WFD and SCG being acquired. Do i have to hold them for another 12 months before i am entitled to the 50% CG discount?

 

[skyQuake]

What a ride $10.01 bid from Unibail Rodamco
- cash and shares

 

[AlexDrys]

Thanks for flagging this. Including the dividends paid out, this was a profitable situation.

 

[Ferret]

WFD closed up 6c today at 9.40. Just a little below the current value of the Unibail Rodamco cash and shares offer.

Considering WFD was trading just below this level in April, it looks like a very small control premium.

I hold and I don't see much value in this deal. Interesting to see how this will play out when it comes to the vote on the scheme of arrangement.

 

[System]

Westfield Corporation Limited and Westfield America Trust (which, together with WFD Trust, comprise
Westfield Corporation) will be removed from the official list of ASX Limited at the close of trading on Friday, 8 June 2018, in accordance with Listing Rule 17.11, following implementation of the schemes in
relation to the acquisition by Unibail-Rodamco of Westfield Corporation and the scheme in relation to the demerger of OneMarket Limited.

 

[Trav.]

This is a good example of running a scan on the 26/5 and top pick was URW - looked at the chart and said no thanks, then bam up 9% today - what do I know

I would have missed the entry as it gapped up but I am still shaking my head that this happened today, no news as well.

 

[xen88]

I had purchased some URW shares At $5 and worried it will never increase back after this covid.. what are your thoughts on it?

 

[Dona Ferentes]

I had purchased some URW shares At $5 and worried it will never increase back after this covid.. what are your thoughts on it?

not answering that question. (but its been above $5 on and off, for a while. There are tangible assets underlying the company.

perhaps related

A blistering short squeeze in shares of Unibail Rodamco Westfield has been linked to a wrong-footed bet by $US20 billion hedge fund D1 Capital, which found itself in the thick of the Reddit army’s assault on Wall Street.

((<Oh, good heavens , just saw ... market Cap $1.3B. My how the Lowy's timed it well>))

6 month; daily chart:

 

[Boggo]

URW triggered an alert on my weekly exploration on the weekend.

I don't hold but this may be one of many possibilities (@Trav. W.2 a bit short ?)

(click to expand)

 

[Trav.]

I don't hold but this may be one of many possibilities (@Trav. W.2 a bit short ?)

Thanks for highlighting it mate, I will check it out in more detail when I get back home.

But overall it has been a nasty trend down over the last couple of years which isn't pretty.

 

[debtfree]

Quite surprised this has not had an update for 3 years. I dare say @Boggo would not have missed this, probably in about $1.50 cheaper than it is now .

Stockhead: Unibail Rodamco Westfield (ASX:URW) reported strong operating performance for the full year FY23, with tenant sales up +6.4%, above core inflation, and footfall up +4.9% on pcp. The company reported €1.63b in full year net loss from a €178k net profit a year ago. The company said it was a challenging investment environment, but it still managed to secure 11 transactions totalling €1 billion. Total disposals since 2021 have contributed €5.1 billion to its net debt reduction, and the company said it remains committed to further deleveraging. URW proposed to pay a €2.50 cash distribution, pending shareholder approval at the AGM in April.

 

[divs4ever]

Quite surprised this has not had an update for 3 years. I dare say @Boggo would not have missed this, probably in about $1.50 cheaper than it is now .

Stockhead: Unibail Rodamco Westfield (ASX:URW) reported strong operating performance for the full year FY23, with tenant sales up +6.4%, above core inflation, and footfall up +4.9% on pcp. The company reported €1.63b in full year net loss from a €178k net profit a year ago. The company said it was a challenging investment environment, but it still managed to secure 11 transactions totalling €1 billion. Total disposals since 2021 have contributed €5.1 billion to its net debt reduction, and the company said it remains committed to further deleveraging. URW proposed to pay a €2.50 cash distribution, pending shareholder approval at the AGM in April.


View attachment 170621

nearly bought into this shortly after the restructure

am terribly glad i didn't , i look at Europe and just shake my head

no thanks retail space in Europe is not for me

HVN is plenty of EU exposure for me

 

[divs4ever]

Unibail-Rodamco-Westfield announces the sale of Gaîté-Montparnasse Office

Unibail-Rodamco-Westfield (“URW”) today announces that it has agreed to sell the office component of the Gaîté-Montparnasse mixed-use complex in Paris, France, to a joint venture between Norges Bank Investment Management and Swiss Life Group for a Total Acquisition Cost of €172.5 Mn.

The transaction reflects a 4% discount to the latest unaffected book value.

The 12,500 sqm office space, which is 100% let to Wojo, an Accor group co-working operator, was completed in 2022 as part of a major redevelopment which includes the URW owned and operated Les Ateliers Gaîté shopping centre, the refurbished Pullman Paris Montparnasse hotel, residential units as well as community-oriented retail and amenities.

The transaction is subject to standard conditions precedent and is expected to be completed during Q4-2024.

With this transaction, URW has now completed or secured €0.8 Bn of transactions in 2024, which will reduce the Group’s proportionate net debt by the same amount.

In addition, the Group remains engaged in active discussions with potential buyers on a further €0.6 Bn of disposals.


This announcement has been authorised by the Chief Executive Officer.

i do not hold this share