Finally Spring comes to CitySpring

Heard that CitySpring is in talk with Keppel Infrastructure Trust for a possible merger. 

I hold CitySpring since its IPO day. It was $0.89 when CitySpring launched its IPO in 2007.  My average price for CitySpring is a high $0.65 that CitySpring is enveloped in deep winter in my portfolio for many years.  At one time, it lost >50% its initial amount.

I did not get rid of CitySpring because of the regular quarterly dividends which generated about 7-8% yield and also the fact that it comprises just a small percentage of my holdings.  Despite the high yield, I did not average down because of the huge debt CitySpring is carrying.

After many quarterly $0.0082 dividends, finally I managed to breakeven on CitySpring in early 2014. 

CitySpring owns City Gas, which is the sole producer and retailer of residential gas in Singapore.  It also owns SingSpring, which runs a large-scale seawater desalination plant in Singapore.  An overseas asset Basslink operates high-voltage electricity grids in Australia.

This possible merger would combine CitySpring with Keppel Infrastructure Trust, which generates power from city waste and supplies reclaimed water to industrial users.  This possibly could provide investors with long-term, regular and predictable distributions and have potential for long-term capital growth.

So, finally Spring comes for CitySpring investors.

itySpring Infrastructure Trust, a Singapore piped-gas supplier backed by Temasek - See more at: http://www.straitstimes.com/news/business/more-business-stories/story/temasek-backed-cityspring-said-weigh-merger-keppel-unit-20#sthash.d4NnUoF3.dpuf

CitySpring Infrastructure Trust, a Singapore piped-gas supplier backed by Temasek Holdings, is exploring a merger with Keppel Infrastructure Trust - See more at: http://www.straitstimes.com/news/business/more-business-stories/story/temasek-backed-cityspring-said-weigh-merger-keppel-unit-20#sthash.d4NnUoF3.dpuf

CitySpring Infrastructure Trust, a Singapore piped-gas supplier backed by Temasek Holdings, is exploring a merger with Keppel Infrastructure Trust - See more at: http://www.straitstimes.com/news/business/more-business-stories/story/temasek-backed-cityspring-said-weigh-merger-keppel-unit-20#sthash.d4NnUoF3.dpuf