Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

6 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

WDC, WESTFIELD GROUP
nipper
post Posted: Sep 30 2019, 04:59 PM
  Quote Post


Posts: 6,635
Thanks: 2283


When Lowy family sold Westfield, (other shareholders just along for the ride) to UnibailRodamco or whatever, there was a spinoff called OneMarket that Lowy fils held onto. Listed at the same time as Westfield it had never achieved any success, and will now be wound up.
QUOTE
The company which grew out of Westfield’s retail-focused technology platform and uses data to provide insights to brands and retailers.

Since listing its stock price has plummeted, going from $1.56 on its first day to 95 cents on Friday.

The OneMarket board estimated that the amount available for an initial distribution will likely exceed the volume weighted average share price of around 85c per share since the company’s annual general meeting.

That is above the trading price of 67c per share, the share price immediately prior to the announcement of the strategic review.

Still, OneMarket said the timing and amount of distributions will be subject to relevant legal compliance and the determination made by the liquidators as to their assessment of the costs of the winding-up process, liabilities and the amount of any contingency that needs to be withheld.

“Accordingly, shareholders should be aware that the timing and amount of any payments are ultimately determined by the liquidator and may change from what is set out above,” OneMarket said.




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
rick001
post Posted: Jan 8 2018, 12:46 PM
  Quote Post


Posts: 16
Thanks: 2


In Reply To: blob2004's post @ Jan 8 2018, 10:00 AM

Hi Blob..WFD should keep you informed of any developments. You can follow company announcements at asx.com.au cheers Rick


Said 'Thanks' for this post: blob2004  
 
blob2004
post Posted: Jan 8 2018, 10:00 AM
  Quote Post


Posts: 1


Hi guys, I am new to stocks and bought Westfield before the acquisition.

The news said that the new company is aiming to buy our shares at $10.05, and I’m wondering how does that work?

Would they send us some information later to complete the exchange? Or do I have to do something.

Thank you in advance for your help!

 
blacksheep
post Posted: Dec 15 2017, 08:35 PM
  Quote Post


Posts: 6,791
Thanks: 2305


In Reply To: blacksheep's post @ Dec 14 2017, 10:59 AM

9.2 mil SCG shares traded after the market close, worth $39.9 mil - total volume 22.8 mil. SP finished $4.29
4:10:17 pm 4:10:17 pm 429 9,298,610 0.5 $39,891,036 275

Attached thumbnail(s)
Attached Image



 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 14 2017, 10:59 AM
  Quote Post


Posts: 6,791
Thanks: 2305


In Reply To: blacksheep's post @ Dec 13 2017, 12:45 PM

Rather large notable short alert recorded yesterday - Wed 13th Dec, 2017 32,459,073 2,078,089,686 1.56% 101,848,834 31.87%
https://www.shortman.com.au/stock?q=WFD

Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 13 2017, 12:45 PM
  Quote Post


Posts: 6,791
Thanks: 2305


In Reply To: blacksheep's post @ Dec 12 2017, 07:24 PM

QUOTE
SCG is not part of the deal
but SP spiked, along with others in the AREIT market

"Winston Sammut of Folkestone Maxim Asset Management said the Westfield deal is expected to reweight the Australian property sector and companies such as Dexus and Goodman that already have a decent weighting in the index would all be expected to benefit.

"Index funds will be required to buy increased exposure to the rest of the sector so from that perspective it will be positive for the sector," he said.

"Some of the pure funds in Australia can't own offshore stocks.

We saw the sector light up yesterday. I don't think that it is about prospective bidders taking out these other companies. I think it was more about increased appetite for their stock."

As news of the takeover hit the market on Tuesday, Scentre, which owns and operates local Westfield malls, rose 17¢, or 4.1 per cent, to $4.35 while its rival Vicinity Centres picked up 2.5 per cent, or 7¢, to close at $2.87.

Read more: http://www.afr.com/real-estate/westfield-u...c#ixzz516ZDb1DL

Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


blacksheep
post Posted: Dec 12 2017, 07:24 PM
  Quote Post


Posts: 6,791
Thanks: 2305


In Reply To: blacksheep's post @ Dec 12 2017, 02:00 PM

Looks like SCG is not part of the deal
QUOTE
Before 2004, the Lowys controlled three listed vehicles: the management and development flagship, Westfield Holdings, and two passive trusts. At that time, the Lowy money was in the one with the most upside, Westfield Holdings.

Then in the last fine-tuning in 2013 the Lowys' $1.76 billion stake in Westfield Group was turned into a 3.95 per cent stake in the new Australasian-focused Scentre Group and an 8.2 per cent stake in Westfield Corporation. The latter is the subject of the Unibail-Rodamco deal, which Lowy has recommended and will be voted upon by Westfield unitholders early next year.


Read more: http://www.afr.com/real-estate/commercial/...x#ixzz512MZIykm




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 12 2017, 02:00 PM
  Quote Post


Posts: 6,791
Thanks: 2305


In Reply To: blacksheep's post @ Dec 12 2017, 01:33 PM

WFD is in a TH but SCG is still trading and up 3.59%

QUOTE
ABOUT US
Scentre Group owns and operates the pre-eminent shopping centre portfolio in Australia and New Zealand with retail real estate assets under management valued at $47.4 billion and shopping centre ownership interests valued at $33.6 billion. This comprises 39 Westfield shopping centres which have strong franchise value and the ability to attract the world’s leading retail brands.


Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 12 2017, 01:33 PM
  Quote Post


Posts: 6,791
Thanks: 2305


In Reply To: blacksheep's post @ Dec 12 2017, 09:57 AM

Looks like a takover bid - $20b cash and scrip bid expected at Westfield

QUOTE
the smart money is on a revived bid from European giant Unibail-Rodamco valuing the ASX-listed Westfield at more than $20 billion.

The bid is expected to be cash and scrip in nature, and come following a strong run in both companies' share prices

It's also expected to be at about a 10 per cent premium to Westfield's last close
.


Read more: http://www.afr.com/street-talk#ixzz510vuYCDA



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 12 2017, 10:09 AM
  Quote Post


Posts: 6,791
Thanks: 2305


In Reply To: nipper's post @ Dec 12 2017, 10:05 AM

That's why I take the liberty of starting new threads myself - can't wait forever for them to be established.



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


6 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING