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CROESUS Forum
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punklitez
Member |
20-Aug-2016 10:07
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when will we know our allocation? [vested] |
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hp3000
Veteran |
20-Aug-2016 09:34
Yells: "Huart Ah !! Count $$$$$ liao" |
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Hehe... huart ah !!! Cheong for it coming dividend soon. |
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pinkowl
Supreme |
19-Aug-2016 12:04
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This one is solid. Glad I applied for excess pref shares. =)
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marubozu1688
Master |
17-Jul-2016 14:15
Yells: "Be humble in front of Mr. Market." |
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Singapore REIT comparison using Bubble Charts for Croesus Retail Trust. http://mystocksinvesting.com/singapore-reits/bubble-charts/singapore-reit-stock-shortlisting-bubble-charts-july-2016/ |
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hp3000
Veteran |
13-Jul-2016 16:26
Yells: "Huart Ah !! Count $$$$$ liao" |
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Slow and steady up it go bit by bit. Shld be still alright to enter at this price as it still got some meat. If I' m no wrong during sept the div will be coming and shld be around 3 to 5 cts. |
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Goldfinger
Supreme |
13-Jul-2016 07:22
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Actually, my difficulty was in ascertaining if it should just be a pure 4% discount/haircut on current stock price since the entire proceeds will be disbursed externally to the vendor of the trust/fund manager instead of being retained internally or used to purchase say a new asset. But I am likely in error tks.
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Goldfinger
Supreme |
12-Jul-2016 22:07
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Thanks for the explanations. Wonder if the recent up move is due to market forces, re-flavouring of yield stocks, or other hidden forces to prop up the price. Anyway, its a decent counter and I' m optimistic of Japan' s prospects going forward and the properties are largely freehold, which are a relative rarity for BTs and Reits.
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hp3000
Veteran |
12-Jul-2016 21:07
Yells: "Huart Ah !! Count $$$$$ liao" |
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If base on currently price it make no much difference. Example of 1 lots is 0.835 x 1000 = 835 Every 1 lot you get 1000 /259 x 10 = 38.6 share 38.6 x 0.797 = 30.76 cost = 835 + 30.76 = 865.76 cost of 1 share = 865.76/1038.6 = 0.8336 Abe orders fiscal economic stimulus package this month will boost JP economic. The share price may grow up a bit due to it performace and valution. Just base on my personal view you may diagree with my view. Please do and invet with your own homework.
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Goldfinger
Supreme |
12-Jul-2016 17:22
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Anyone know what the theoretical ex-rights price will be? | ||||
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hp3000
Veteran |
12-Jul-2016 17:03
Yells: "Huart Ah !! Count $$$$$ liao" |
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This baby also no bad moving up slowly liao :) Asset_Valuation also up 6.6 % Based on the Valuations, the total value of CRT&rsquo s eleven properties amounted to approximately JPY112,640 million (approximately S$1,476.5 million)1 as at 30 June 2016. http://infopub.sgx.com/FileOpen/CRT_Asset_Valuation_11July2016.ashx?App=Announcement& FileID=412265 |
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bw2015
Member |
01-Jul-2016 19:59
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Assume 10000 unit, get 384 (take 400 for easy count), = 0.04%
Very odd, odd..
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Goldfinger
Supreme |
01-Jul-2016 18:59
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Which such a small discount and funny allocation ratio - wonder if this offer will be well received..
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katak88
Master |
01-Jul-2016 18:14
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Preferential Offering of 27,682,070 new Units (representing 3.8% of the existing number of issued Units as at the date of this Announcement) to raise gross proceeds of S$22.1 million) @ S$0.797/unit  on the basis of ten (10) Preferential Offering Units for every two hundred and fifty nine (259) existing Units held by each Eligible Unitholder as at the Books Closure Date (fractional entitlements to be disregarded). IMPORTANT INDICATIVE DATES AND TIMES Unitholders should note the following important indicative dates and events in relation to the Preferential Offering: Date/Deadline                        Event Thursday, 30 June 2016               EGM Date 5.00 p.m. on Friday, 29 July 2016       Trading on &ldquo cum-rights&rdquo basis 9.00 a.m. on Monday, 1 August 2016    Trading on &ldquo ex-rights&rdquo basis 5.00 p.m. on Wednesday, 3 August     Books Closure Date Monday, 8 August 2016: Despatch of Instruction Booklet (together with the ARE1) to Entitled Unitholders 9.00 a.m. on Monday, 8 August 2016 via ARE and ATMs:  Opening date and time for the Preferential Offering 5.00 p.m. on Wednesday, 17 August 2016 via ARE  or 9.30 p.m. on Wednesday, 17 August 2016 via ATMs:   Last date and time for acceptance, application (if applicable) and payment for provisional allotments of Preferential Offering Units and Excess New Units Friday, 26 August 2016 at 9.00 a.m.:  Listing of the Preferential Offering Units pursuant to the Preferential Offering |
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katak88
Master |
01-Jul-2016 16:31
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Croesus Retail Trust' s move to take manager in-house gets unitholders' nodJUN 30, 2016 Â 9:55 PM CROESUS Retail Asset Management Pte Ltd, trustee-manager of Croesus Retail Trust (CRT), said in a filing to the Singapore Exchange (SGX) that the proposed internalisation was approved by unitholders at the extraordinary general meeting (EGM) held on Thursday. Subsequent to the EGM, the trustee-manager said that it would work on the preferential offering to raise S$22.1 million, which would go towards financing and completion of the internalisation. It said that it would provide updates on the internalisation in due course. Said Jim Chang, CEO of Croesus Retail Asset Management: " We believe that CRT will see the benefits of adopting an internalised structure in time to come. Our focus will continue to be on making sensible transactions, enhancing the yield of our existing assets, and seeking cost reductions whilst finding ways to enhance our market valuation." |
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katak88
Master |
15-Jun-2016 16:39
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Croesus to bring trustee-manager ' in-house' with $50m acquisitionPUBLISHED
JUN 14, 2016, 5:00 AM SGT Croesus Retail Trust (CRT), which holds shopping malls in Japan, is looking to bring its trustee-manager " in-house" . The move, which will be the first of its kind here, involves the CRT acquiring Croesus Retail Asset Management for 4.1 billion yen (S$50 million). That will bring the overall management and day-to- day operations of CRT in-house, creating " a stronger alignment of interests" between the trustee-manager and unitholders, it said in a statement on Sunday. The $50 million price represents a discount of between 2.4 and 8.9 per cent of the valuation of the trustee-manager. Mr David Lim, chairman and independent director of Croesus Retail Asset Management, said the internalisation process will leave CRT " better positioned to maximise value for its unitholders through cost savings and a stronger alignment of interests" . The trustee-manager noted that the exercise is expected to reap savings by eliminating management fees while helping boost potential distributions to unitholders. It said CRT' s pro forma distribution per unit (DPU) in the 2015 financial year would increase from about 7.94 cents to about 8.02 cents, had the internalisation been completed on July 1, 2014. An internally managed trustee- manager would also lower transaction costs from investments or divestments. " CRT will also be able to undertake new acquisitions of properties competitively at a reduced cost to unitholders as any excess cash from the payment of the acquisition fee to the trustee-manager will be declared as dividends for the benefit of unitholders," it added. DBS Vickers Securities analyst Derek Tan said the proposal is a " good step in the right direction" and may also prompt smaller Reits to consider similar moves. " The smaller Reits are struggling to deliver growth given this climate. Through this internalisation process, it could mean that unitholders get a kicker from lower expenses," Mr Tan noted. NRA Capital research head Liu Jin Shu added: " It is the most appropriate move if the Reit is able to obtain a higher return by internalising the manager, as opposed to investing the consideration in a new asset." CIMB will advise the trustee- manager' s independent directors and the audit and risk committee on the proposed internalisation. The transaction is expected to be partly funded by the issuance of new units that will raise about $20 million to $22.1 million. Unitholders will be offered one preferential unit for every 22 units held as at the date on which the transfer books close. The new units will be issued at a price of at least $0.7293 - not more than a 10 per cent discount on the volume-weighted average price for trades done last Friday. The units closed at 81.5 cents on Friday. The rest of the purchase price will be part-funded by proceeds from the fixed rate notes issued previously, as well as CRT' s existing cash balances of about $10 million. An extraordinary general meeting will be held to seek unitholder approval on the proposal and to provide more details on the preferential offering. Wong Siew Ying  |
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bw2015
Member |
01-Jun-2016 08:48
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About 300,000 unit. Big hands. If he clear liao, then will recover
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Goldfinger
Supreme |
01-Jun-2016 00:52
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Someone with a big position was disposing today in a hurry. Could be acquired from the recent placement perhaps? | ||||
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bw2015
Member |
01-Jun-2016 00:42
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Large blocks of 100,000 throwing at 0.805 | ||||
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jackblack
Member |
31-May-2016 22:38
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any new update on this counter? today suddenly drop .015 |
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Goldfinger
Supreme |
29-May-2016 15:11
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Delay in the sales tax will benefit Jap shopping malls
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