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KWE Kennedy Wilson

1,117.2234
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Kennedy Wilson KWE London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 1,117.2234 00:00:00
Open Price Low Price High Price Close Price Previous Close
1,117.2234
more quote information »

Kennedy Wilson KWE Dividends History

No dividends issued between 28 Mar 2014 and 28 Mar 2024

Top Dividend Posts

Top Posts
Posted at 13/6/2017 09:08 by hpcg
Yes, that's perked things up. I had a good look at KW and its model and portfolio is very similar to KWE. That should not be a surprise, but I was worried about them having retail in the mix. I'll delay a decision on my SIPP shares as the dividend is tax efficient but dispose of my ISA holding.
Posted at 10/5/2017 09:13 by mad foetus
Here's what I just sent to ir@kennedywilson.eu

Dear Juliana,


I am an investor in Kennedy Wilson Europe, and through a number of structures own around xxxxx shares in KWE for my family.


Like most investors, and no doubt the board of KWE and the investment manager, I have been disappointed at the stubborn discount to NAV at which KWE shares have traded, particularly over the last 12 months. I have appreciated the attempts that the company has made to reduce the discount, such as the buybacks last autumn. However, they have not been successful.

In the meantime, the underlying activity of the company has been, from all the published news, very successful. Property has been refurbished, new leases have been entered into on much improved terms and the company's exposure to the Eurozone looks to have been a very well timed investment. Along with, I believe, the majority of investors, my feeling has been that at some point the value of KWE will become apparent to the wider market and in the meantime I am happy to continue collecting a very healthy and sustainable dividend.


The proposed scheme of arrangement with KW. is therefore, from my perspective, unwelcome. There is the practical issue of how to hold US shares, and I understand many smaller investors are concerned that such shares may not be eligible within a SIPP or ISA. There is the additional currency exposure that is unwelcome to sterling investors. But above all, as a European, I have an understanding of the UK and European property market and want exposure to the type of assets KWE invest in. I do not have the same feeling or desire to be exposed to US property.


Were the scheme of arrangement to take place at a price close to the NAV of KWE, I would accept it, sell the shares in KWE and move on. However, since the announcement the sharp decline in KW. stock means that the transaction would take place at something like a 20% discount to the NAV of KWE. I would sooner stay invested in KWE and pick up the dividends until the market sees the value in the underlying assets. Failing that, a sale of underlying assets over, say, a 24 month period and a return of capital to shareholders would, from my perspective, be better than the scheme of arrangement, which strikes me as selling KWE cheaply into a merged entity that I do not want to hold.


I would grateful if you put my thoughts forward to the board and the investment manager and encouraged them to continue with the good work that KWE has done to date. The market will, at some point, recognise the value in the underlying assets.
Posted at 10/5/2017 08:43 by bench2
Re my earlier post 227 , Selftrade have confirmed that KW a US quoted stock will not be eligible to hold in an ISA . I will check elsewhere but I think the old restrictions on non EU stocks still applies . Neither set of shareholders will be too pleased with management , as the KW price has fallen by 11.6% to $19.90 and the £/$ rate is now $1.2981 vs $1.2779 in the initial bid document . The current price of KW and fx rate values KWE at 1022p . So the current share price of KWE is tracking the reduced value of the bid . I agree with most posters KWE far superior to KW with better growth prospects , div growth , and higher yield and no witholding tax deductions . The board should be doing a better job .
Posted at 08/5/2017 16:21 by djderry
The links between KW and KWE are well known.However the independent directors at KWE have fiduciary duties to see value for shareholders maximised and I'm talking about us,not them!! (Although I hold shares in both)
Posted at 02/5/2017 08:13 by spectoacc
Excellent. Liked this part:

"We urge the Board of Directors to honor their fiduciary duties and conduct a strategic review of all alternatives available to KWE, including a cash sale to unaffiliated third parties and an orderly liquidation of the Company over time. A more robust strategic review has the potential to attract additional value-enhancing offers and thus allow KWE shareholders to make a more informed decision as to the intrinsic value of their shares. "
Posted at 28/4/2017 06:05 by spectoacc
Strong t/s, not sure if they're just rubbing our noses in it? Eg:

"KWE DELIVERS 270,000 SQ FT OF LEASE TRANSACTIONS AT RENTS
17% AHEAD OF PREVIOUS PASSING
Kennedy Wilson Europe Real Estate Plc (LSE: KWE) an LSE listed property company that invests in real estate across the UK, Ireland, Spain and Italy, announces strong leasing momentum across key investments, completing significant rent reviews at 111 Buckingham Palace Road, London, SW1 and new leases across Leavesden Park, Watford and Stillorgan Shopping Centre, Dublin 18 in Ireland, covering c. 270,000 sq ft and delivering an uplift of 17% ahead of previous passing rents and 3% ahead of valuers' ERVs."
Posted at 25/4/2017 08:29 by bench2
If like me your KWE is held in a self select ISA and we stay with KWE , collect the div and accept the all share offer then I think we have about 3 months to sell out of KW Holdings ... as I do not think we will be allowed to keep a US listed stock in an ISA .... Any views ? ... We also move to a dollar based holding and so have an FX risk if sterling goes up
Posted at 24/4/2017 12:25 by djderry
I understand that KWe was more or less an outreach of Kw,I already own shares in KW.I think they (kW) are getting KWe on the cheap.I want more!
Posted at 24/4/2017 10:01 by hpcg
kazoom - like mf I have added some at 1111. I actually think KW can move higher on the open. Don't forget that the deal is at a discount to NAV, and for KW unit holders there is a chunky increase in the dividend, even if it drops for KWE holders. The discount allows for a 5% currency swing, to 1.344. I think a purchase at around the 1110 mark has a small potential upside and a remote chance of downside. Currency risk is if anything a positive for dollar holders, especially as for the time being the EUR looks like it can strengthen.

I happen to have quite a lot of cash at the moment so that is part of my motivation, I wouldn't be trading out to move in, but I think it is a good short term home. I will ponder long term once I've looked through the KW portfolio. Looking forward, for those who don't know, there is no US withholding tax on dividends paid into a SIPP, 15% other accounts.
Posted at 28/10/2016 07:46 by spectoacc
Gearing & TER two things I've not yet bottomed on KWE (1% ongoing charge but TER considerably higher). Thought about flogging a few today, with REITs all weak ex KWE thanks to buyback. But recalled they've significantly upped the divi, ie plan to pay out 48p this yr, a yield on current share price of c.4.7%. "Others weak" isn't a good enough reason to give up that sort of yield.

HL reckon ongoing charge 2.91%, yield 4%, gearing 213%, none of which tally with the below, but I'd like to know why they're wrong.

From last Half year:

"Kennedy Wilson posted its half-year results for the six months to 30 June on Friday, with a 5.1% increase in adjusted NAV per share to 1,233.8p.
The FTSE 250 firm also reported a 60% increase in dividends paid of 24.0p per share, for a total of £32.6m of dividends paid in the period.

It declared a quarterly dividend of 12p per share, up from 10p.

Net operating income rose to £78.7m, from £58.4m a year ago, although net profit after tax almost halved to £78.7m from £149.3m.

Adjusted earnings improved to £36.2m from £31.0m, leading to a rise in adjusted earnings per share to 26.8p, from 23p.

During the half, the board said it raised a further €150m to its 2025 euro bonds, increasing the issue to a benchmark size of €550m on a ten-year term, meaning 89% ofits euro balance sheet is now hedged.

Kennedy Wilson claimed a low weighted average cost of debt of 2.9%, with 88% of debt fixed or hedged, and a long debt term of 6.0 years with a loan-to-value ratio of 41.8% within the target range.

"These strong half-year results demonstrate the team's ongoing ability to deliver robust underlying profits from a secure and diverse £3.1bn portfolio," said board chairman Charlotte Valeur.

"As such, the board is pleased to announce a further 12.0p per share dividend to be paid in Q3-16, on track to deliver 48.0p per share annualised target for 2016, a 37% increase over 2015, and reflecting an attractive dividend yield of 4.9%.

"Following the result of the EU referendum, the board takes comfort in the strong financial position of the business with significant cash liquidity and low levels of capital commitments supported by robust operating metrics," Valeur explained."

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