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Cromwell European REIT
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prophetjul
Master |
27-Feb-2019 21:37
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it says ' RESULTS PRESENTATION FOR THE FOURTH QUARTER ENDED 31 DECEMBER 2018 '
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laksaman57
Supreme |
27-Feb-2019 09:58
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Only ?1.57cts for 2H18 😩 | ||||
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prophetjul
Master |
27-Feb-2019 08:47
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https://wcsecure.weblink.com.au/sgxnews/2019/02/27/20190227_080435_CNNU_1BUG0UC0H2RCS1AT.2.pdf | ||||
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chengwh1
Elite |
18-Feb-2019 13:44
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The Rights Issue exercise done recently has been used to help prtially finance the acquisition that has been completed as below :- https://links.sgx.com/FileOpen/1%20-%20Acquisition%20Completion%20and%20UOP%20Announcement%20-%2015%20Feb%202019.ashx?App=Announcement& FileID=543672 BUT Section 1.5 of the above ann' t says : The acquisition Gennevilliers is not expected to have any material effect on the net tangible assets or the distributions per unit of CEREIT for the current financial year. What is happening ?? An acquisition that has been completed a few weeks into FY19 will NOT have any effect on the dpu for the whole of FY19 ???? The acquisition of Gennevilliers is said to have been completed on Feb 4, 2019, but there will be no rental collection from date of completion of acquistion ? |
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chengwh1
Elite |
31-Jan-2019 16:11
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I think,... the best thing to do for now pertaining to these two Eur-denominated counters is to see the coming Q4 and FY18 results reporting on the following dates :- 1) Cromwell European REIT : 27.2.2019. 2) iREIT Global : 14.2.2019. Don' t move yet,..... |
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LionInvestments
Member |
30-Jan-2019 11:26
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iReit looks well managed and has few nice properties. however their risk is much more concentrated than Cromwell REIT in just a few buildings in Germany. the manager is on the lookout for acquisitions to grow their portfolio, so I would wait until it becomes clearer what they are buying, at what price and how they will finance it...I expect them to do a rights issue in the next 2 years for sure...
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LionInvestments
Member |
30-Jan-2019 11:22
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this was clearly a negotiated sale you can' t possibly throw 10% of the share capital in the market without causing a much larger price drop... for every seller there is a buyer --> the seller is a PE specialised in special situations, distressed,..., and they typically do leveraged deals with a relatively short investment horizon. for them this is probably normal repositioning since there are much more interesting distressed deals expected to come up for which liquidity is needed...REITs are too boring for PEs... the Tangs raising their stake at EUR 0.455 is a positive sign for me. it would be interesting to see who are the other buyers...
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chengwh1
Elite |
30-Jan-2019 10:36
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Tq too, bro,... for your points,... would you think iREIT Global is a better Euro REIT to invest into ? I' m afraid I have substantial amounts of Euros that I need to invest,...
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chengwh1
Elite |
30-Jan-2019 10:23
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Tq for replying, bro,.. I don' t have the full details offhand, but we can refer to more details for Cromwell if we look at details for the ctr : CMW in the ASX. I recalled the European props are held under European Funds,... unlike CMW' s Aussie props which are held as real estate assets.
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Subaru2018
Senior |
30-Jan-2019 07:44
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who ia this ricch dumb buying ? name like prc migrant? | ||||
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Starship
Supreme |
30-Jan-2019 02:10
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This couple buys Cromwell Reit, share price crash. Previously they also bought Chip Eng Seng, share price also crashed. Counters owned by the " famous" billionaire individuals tend to have too many " events" and hype on a regular basis............. Name of Substantial Shareholder/Unitholder: Gordon Tang @ Tang Yigang @ Gordon Tang Celine Tang @ Chen Huaidan @ Celine Tang Date of acquisition of or change in interest: 29-Jan-2019 Number of shares, units, rights, options, warrants and/or principal amount of convertible debentures acquired or disposed of by Substantial Shareholders/Unitholders: 65,000,000 3. Amount of consideration paid or received by Substantial Shareholders/Unitholders (excluding brokerage and stamp duties): Euro 29,575,000 at Euro 0.455 per Unit Immediately after the transaction: Direct Interest 366,089,780 As a percentage of total no. of voting shares/ units: 16.78% http://infopub.sgx.com/FileOpen/_20190129%20CREIT%20GT%20CT%20eFORM3V2.ashx?App=Announcement& FileID=542061 |
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laksaman57
Supreme |
30-Jan-2019 00:24
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https://www.businesstimes.com.sg/companies-markets/cromwell-e-reit-units-slide-6-after-married-trade
Who'll be next to sell ?😞 |
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InvestNotTrade
Senior |
29-Jan-2019 23:59
Yells: "seekingprivatereturns.blog" |
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Cerberus disposes ~10% of its shareholding | ||||
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Jamesbond007
Veteran |
29-Jan-2019 21:01
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I avoid this stock as far as i can. doesn' t its recent history of IPO ring an alarm bell. read the reasons for its then ipo withdrawal, and coupled that with its recent acquisitions raise more question? i scratch my head. sure to lose money for those vested. |
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LionInvestments
Member |
29-Jan-2019 18:35
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Do you have any information, hard facts about their European Fund? My understanding was that all of Cromwell' s European assets are AUM, which they manage for institutionals, but do not own...
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chengwh1
Elite |
29-Jan-2019 17:33
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Sponsor-wise, I' m sure CMW in Australia will still have properties in their European Fund that can be injected into this REIT. Only issue is if the quality of the properties is good enough. ARA holds a substantial stake in CMW,....shouldn' t this signal something ?,.... |
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LionInvestments
Member |
29-Jan-2019 11:40
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somebody needed EUR 100 mio and must have done a block sale...looks like a correct price for both buyer and seller expect this counter to fluctuate in a range between EUR 0.45 and 0.50 for the next year or so, until more asset acquisitions may move the needle if the manager can find some good assets at good price since there is no sponsor with a portfolio to inject here (you judge whether this is positive or negative!) let' s not forget that REITs are boring and you need a lot of patience, but in return you get stable 8-9% yield |
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laksaman57
Supreme |
29-Jan-2019 10:24
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220+ millions units traded 😯 | ||||
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chengwh1
Elite |
28-Dec-2018 13:09
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Volume has dropped back - today, till now, just 290K done only ! Vol for sale is 1.5x vol to buy,.... | ||||
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laksaman57
Supreme |
27-Dec-2018 12:15
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Wooooow whopping 8+ millions share changed hand in half a day 😮 | ||||
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