Wolf Money(OUE REIT)cash management
(Image credit: OUE REIT) The below article is for educational purpose only. Kindly refrain from taking any action. It shouldn’t constitute as an investment advice. Please read the disclaimer . LWF has taken a position in OUE REIT. The recent divestment activity saw interest in the stock. I am taking a position for cash management purposes. The REIT has announced the divestment of the Crowne Plaza Hotel at Changi Airport to an interested party of OUE JV for $500m subject to approval by REIT holders in the upcoming EGM. There is also news about OUE REIT and UOB looking to sell One Raffles Place for $2.4b. If OUE REIT is able to get an offer close to the asking price. Based on my calculations, the REIT owns 67.95% of One Raffles, which comes out to around $1.63b for their shares. If they can sell it at asking, subtract the loan of $254m. Net proceeds of $1.376b from the sale is close to 25c per OUE REIT shares. Again hypothetically, using the asking price of $2.4b, the profit from t...