trading halt, page-43

SGP - STOCKLAND
Citi rates SGP as Sell, Medium Risk - Cutting a long and complex story short, the broker reports Stockland has effectively doubled its stake in FKP Property ((FKP)) and gained influence on the board for a fire sale price. FKP has clearly become desperate, as it knocked bck a much better takeover bid from Lend Lease ((LLC)) in June.
No changes.
Target price is $4.87 Current Price is $4.90 Difference:($0.03) - (brackets indicate current price is over target). If SGP meets the Citi target it will return approximately - 1% (excluding dividends, fees and charges - negative figures indicate an expected loss).
The company's fiscal year ends in June. Citi forecasts a full year FY09 dividend of 43.00 cents and EPS of 44.40 cents . At the last closing share price the estimated dividend yield is 8.78%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.04.
Market Sentiment: 0.4