In the past week or so we have had companies coming out to give profit guidance. A profit guidance is issued when a company feels that the market expectations of its financials are significantly over or understated and needs analysts to realign their forecasts. This article will focus on the 3 travel-related companies that had such announcements. Ascott REITAscott issued a profit warning at...
This morning ESR REIT announced a proposed merger with Sabana REIT. Transaction details0.94 new ESR REIT units for every 1.0 Sabana units held. This is an all-stock deal with no cash consideration to be paid out (unlike the previous ESR-Viva deal). ESR units would be issued at an indicative price of $0.401 (vs last traded at $0.39) while this implies a $0.377 price (vs...
