Back

Latest Forum Topics / Accordia Golf Tr

Post Reply

<No Title> Post Reply Rate topic
AceInvestor Member	24-Jun-2020 15:05        AceInvestor About Contact  Quote this Post!
x 0   x 0  Alert Admin	The offer price must account more than 10 years of dividend combined.
Useful To Me  Not Useful To Me
Calmroom Master	24-Jun-2020 14:46        Calmroom About Contact  Quote this Post!
x 0   x 0  Alert Admin	After so much time and $$$ spent, the least they should do is make us an offer. Otherwise, investors sure to be mad about spending so much cash for nothing.
Useful To Me  Not Useful To Me
JoeJordan Member	24-Jun-2020 13:46        JoeJordan About Contact  Quote this Post!
x 0   x 0  Alert Admin	MBK better come up with a palatable price for all the golf courses. Don' t try to pull wool over our eyes thinking that we can' t tell the difference between cotton wool and sheep' s wool. Don' t forget, we can always vote a big fat  NO!
Useful To Me  Not Useful To Me
Calmroom Master	24-Jun-2020 13:38        Calmroom About Contact  Quote this Post!
x 0   x 0  Alert Admin	I feel it is because there are only 4 full trading days left before June ends. But yes, trading could be halted suddenly before 30 June. It would be embarrassing for the Japanese to be late. :)   mrwise      ( Date: 24-Jun-2020 13:23) Posted: Fast and furious up! See today maybe can hit above $0.7! Once halt...next time may see it delist at $1 or more!
Useful To Me  Not Useful To Me
laksaman57 Supreme	24-Jun-2020 13:35        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	AGT golf courses is covid-19 stress tested certified  perpetual revenue stream from its freehold land. It' s worth much much more. Vote NO ! Goldfinger      ( Date: 24-Jun-2020 12:57) Posted: Dunno - think SGD 90+ cents and above, people will want to call it. Its been stuck under SGD 97 cents IPO water for a long long time. Calmroom      ( Date: 24-Jun-2020 12:33) Posted: Lucky got Hibiki. Latest NAV is about SGD 0.73. $1.095 is what I am hoping for. :P
Useful To Me  Not Useful To Me
mrwise Supreme	24-Jun-2020 13:23        mrwise About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Fast and furious up! See today maybe can hit above $0.7! Once halt...next time may see it delist at $1 or more!
Useful To Me  Not Useful To Me
Starship Supreme	24-Jun-2020 13:21        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	AK71 of ASSI has tons of shares and he's hoping for no deal as he's a long-term divvy investor. Goldfinger      ( Date: 24-Jun-2020 12:57) Posted: Dunno - think SGD 90+ cents and above, people will want to call it. Its been stuck under SGD 97 cents IPO water for a long long time. Calmroom      ( Date: 24-Jun-2020 12:33) Posted: Lucky got Hibiki. Latest NAV is about SGD 0.73. $1.095 is what I am hoping for. :P
Useful To Me  Not Useful To Me
Starship Supreme	24-Jun-2020 13:17        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow, all thanks to Hibiki. Need more investors like them around.
Useful To Me  Not Useful To Me
mrwise Supreme	24-Jun-2020 13:07        mrwise About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Target to hit $0.68 today!
Useful To Me  Not Useful To Me
mrwise Supreme	24-Jun-2020 13:02        mrwise About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	$1 minimun. We must make sure they cough this amount before we can accept! This stock worth more than that!....if not, we can call for support and EGM to oust them out!   Goldfinger      ( Date: 24-Jun-2020 12:57) Posted: Dunno - think SGD 90+ cents and above, people will want to call it. Its been stuck under SGD 97 cents IPO water for a long long time. Calmroom      ( Date: 24-Jun-2020 12:33) Posted: Lucky got Hibiki. Latest NAV is about SGD 0.73. $1.095 is what I am hoping for. :P
Useful To Me  Not Useful To Me
Goldfinger Supreme	24-Jun-2020 12:57        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dunno - think SGD 90+ cents and above, people will want to call it. Its been stuck under SGD 97 cents IPO water for a long long time. Calmroom      ( Date: 24-Jun-2020 12:33) Posted: Lucky got Hibiki. Latest NAV is about SGD 0.73. $1.095 is what I am hoping for. :P
Useful To Me  Not Useful To Me
Calmroom Master	24-Jun-2020 12:33        Calmroom About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lucky got Hibiki. Latest NAV is about SGD 0.73. $1.095 is what I am hoping for. :P
Useful To Me  Not Useful To Me
pkli899 Supreme	24-Jun-2020 10:40        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, never ever let them succeed.   Starship      ( Date: 24-Jun-2020 08:26) Posted: Never ever allow any evil-doer to get away with crime!!!!! Esp those who try to cheat ordinary ppl of their hard-earned money!!!! Goldfinger      ( Date: 23-Jun-2020 22:04) Posted: I think Japs being Japs, they must have been horrified that this was being exposed and the grave dishonour they were bringing to their family name.  They were fast to rectify though.  Better than the PRC and the Yanks I think.
Useful To Me  Not Useful To Me
laksaman57 Supreme	24-Jun-2020 10:38        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The Trust Mgr/Buyer maneuver only proved that these freehold properties are very valuable and worth all unitholders to hold them.  VOTE NO !
Useful To Me  Not Useful To Me
laksaman57 Supreme	24-Jun-2020 10:24        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	IT' S FREEHOLD  VOTE NO ! gabrielloh87      ( Date: 24-Jun-2020 09:29) Posted: Likely they will announce the final bidding offer along with this special dividend to tempt us  Starship      ( Date: 24-Jun-2020 09:26) Posted: Accordia Golf Trust to distribute 1.2b yen reserves TUE, JUN 23, 2020 - 10:42 PM ACCORDIA Golf Trust (AGT) said on Tuesday that the sum of 1.2 billion yen (S$15.7 million) that was set aside as reserves in the March quarter will be distributed, given that the impact of Covid-19 was not as adverse as projected. AGT,  the first business  trust  comprising investments in  golf  course assets in Japan to be listed on the SGX-ST, was responding to an open letter by  Hibiki Path Advisors, which owns 7.2 per cent of AGT. The letter had sought explanation for the 1.56 billion yen reserves that reduced AGT' s latest semi-annual payout by almost half.  With the 1.2 billion yen to be distributed, the remaining 362 million yen represents estimated transaction costs relating to the non-binding offer from Accordia Golf for the  potential divestment of AGT&rsquo s interests in all of its golf courses, said AGT in its regulatory filing. It added that the process had been prolonged as a result of the pandemic, but will be completed around June 2020.  It also explained that the initial 1.2 billion yen was set aside for  Accordia Golf Asset Godo Kaisha (SPC) to " comply with certain financial covenants" . The covenant requires SPC to ensure  the amount of current deposit (the balance as at the last day of each month) is no less than three billion yen for three consecutive months.  A breach could lead to the lenders withholding the cash available for distribution by SPC to the investors of the Tokumei Kumiai interests.  " The decision to make the 1.2 billion yen special reserve was undertaken during the initial stages of Covid-19, when there was a lot of uncertainty on the extent of the adverse impact on SPC&rsquo s golf business," said AGT. The declaration of a state of emergency by the Japanese government from April 11 to the last week of May added to the impact on SPC' s financial performance. Against the backdrop of the pandemic and potential consequences of the breach of the covenant, the 1.2 billion yen reserve was therefore set aside to minimise the risks. However, the impact of Covid-19 on SPC' s performance was " not as adverse as expected" and consequently, the risk of SPC' s cash balance potentially falling below three billion yen for  three consecutive months in the near term, even without the reserve, is lowered as well.  The trustee-manager will be seeking consent from the lenders to SPC to distribute the 1.2 billion yen reserve. After consent is obtained from the lenders, details of the books closure date for this special distribution as well as the payment date will be announced.  https://www.businesstimes.com.sg/companies-markets/accordia-golf-trust-to-distribute-12b-yen-reserves
Useful To Me  Not Useful To Me
Starship Supreme	24-Jun-2020 09:30        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow, AGT now up a whopping 9% on the news!!!!
Useful To Me  Not Useful To Me
gabrielloh87 Member	24-Jun-2020 09:29        gabrielloh87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Likely they will announce the final bidding offer along with this special dividend to tempt us  Starship      ( Date: 24-Jun-2020 09:26) Posted: Accordia Golf Trust to distribute 1.2b yen reserves TUE, JUN 23, 2020 - 10:42 PM ACCORDIA Golf Trust (AGT) said on Tuesday that the sum of 1.2 billion yen (S$15.7 million) that was set aside as reserves in the March quarter will be distributed, given that the impact of Covid-19 was not as adverse as projected. AGT,  the first business  trust  comprising investments in  golf  course assets in Japan to be listed on the SGX-ST, was responding to an open letter by  Hibiki Path Advisors, which owns 7.2 per cent of AGT. The letter had sought explanation for the 1.56 billion yen reserves that reduced AGT' s latest semi-annual payout by almost half.  With the 1.2 billion yen to be distributed, the remaining 362 million yen represents estimated transaction costs relating to the non-binding offer from Accordia Golf for the  potential divestment of AGT&rsquo s interests in all of its golf courses, said AGT in its regulatory filing. It added that the process had been prolonged as a result of the pandemic, but will be completed around June 2020.  It also explained that the initial 1.2 billion yen was set aside for  Accordia Golf Asset Godo Kaisha (SPC) to " comply with certain financial covenants" . The covenant requires SPC to ensure  the amount of current deposit (the balance as at the last day of each month) is no less than three billion yen for three consecutive months.  A breach could lead to the lenders withholding the cash available for distribution by SPC to the investors of the Tokumei Kumiai interests.  " The decision to make the 1.2 billion yen special reserve was undertaken during the initial stages of Covid-19, when there was a lot of uncertainty on the extent of the adverse impact on SPC&rsquo s golf business," said AGT. The declaration of a state of emergency by the Japanese government from April 11 to the last week of May added to the impact on SPC' s financial performance. Against the backdrop of the pandemic and potential consequences of the breach of the covenant, the 1.2 billion yen reserve was therefore set aside to minimise the risks. However, the impact of Covid-19 on SPC' s performance was " not as adverse as expected" and consequently, the risk of SPC' s cash balance potentially falling below three billion yen for  three consecutive months in the near term, even without the reserve, is lowered as well.  The trustee-manager will be seeking consent from the lenders to SPC to distribute the 1.2 billion yen reserve. After consent is obtained from the lenders, details of the books closure date for this special distribution as well as the payment date will be announced.  https://www.businesstimes.com.sg/companies-markets/accordia-golf-trust-to-distribute-12b-yen-reserves
Useful To Me  Not Useful To Me
Starship Supreme	24-Jun-2020 09:26        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Accordia Golf Trust to distribute 1.2b yen reserves TUE, JUN 23, 2020 - 10:42 PM ACCORDIA Golf Trust (AGT) said on Tuesday that the sum of 1.2 billion yen (S$15.7 million) that was set aside as reserves in the March quarter will be distributed, given that the impact of Covid-19 was not as adverse as projected. AGT,  the first business  trust  comprising investments in  golf  course assets in Japan to be listed on the SGX-ST, was responding to an open letter by  Hibiki Path Advisors, which owns 7.2 per cent of AGT. The letter had sought explanation for the 1.56 billion yen reserves that reduced AGT' s latest semi-annual payout by almost half.  With the 1.2 billion yen to be distributed, the remaining 362 million yen represents estimated transaction costs relating to the non-binding offer from Accordia Golf for the  potential divestment of AGT&rsquo s interests in all of its golf courses, said AGT in its regulatory filing. It added that the process had been prolonged as a result of the pandemic, but will be completed around June 2020.  It also explained that the initial 1.2 billion yen was set aside for  Accordia Golf Asset Godo Kaisha (SPC) to " comply with certain financial covenants" . The covenant requires SPC to ensure  the amount of current deposit (the balance as at the last day of each month) is no less than three billion yen for three consecutive months.  A breach could lead to the lenders withholding the cash available for distribution by SPC to the investors of the Tokumei Kumiai interests.  " The decision to make the 1.2 billion yen special reserve was undertaken during the initial stages of Covid-19, when there was a lot of uncertainty on the extent of the adverse impact on SPC&rsquo s golf business," said AGT. The declaration of a state of emergency by the Japanese government from April 11 to the last week of May added to the impact on SPC' s financial performance. Against the backdrop of the pandemic and potential consequences of the breach of the covenant, the 1.2 billion yen reserve was therefore set aside to minimise the risks. However, the impact of Covid-19 on SPC' s performance was " not as adverse as expected" and consequently, the risk of SPC' s cash balance potentially falling below three billion yen for  three consecutive months in the near term, even without the reserve, is lowered as well.  The trustee-manager will be seeking consent from the lenders to SPC to distribute the 1.2 billion yen reserve. After consent is obtained from the lenders, details of the books closure date for this special distribution as well as the payment date will be announced.  https://www.businesstimes.com.sg/companies-markets/accordia-golf-trust-to-distribute-12b-yen-reserves
Useful To Me  Not Useful To Me
Starship Supreme	24-Jun-2020 09:22        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin
Useful To Me  Not Useful To Me
gabrielloh87 Member	24-Jun-2020 09:05        gabrielloh87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Got a reply from SGX Regco: " Thank you for writing to the Exchange.   We would like to update that Accordia Golf Trust Management Pte Ltd (&ldquo Trustee-Manager&rdquo ) has issued an announcement today to provide more details on the special reserve for operations amounting to JPY 1.2 billion (&ldquo JPY 1.2 Billion Special Reserve&rdquo )  and the reserved item for project payment amounting to JPY 362 million.       With regard to the JPY 1.2 Billion Special Reserve, the Trustee-Manager has determined that the risk of the cash balance potentially falling below JPY 3 billion for three consecutive months in the near term even without the JPY 1.2 Billion Special Reserve being made is lower than initially anticipated. Hence, the Trustee-Manager will be seeking consent from the lenders to distribute the JPY 1.2 Billion Special Reserve as special distribution to Accordia Golf Trust (&ldquo AGT&rdquo )&rsquo s unitholders (as is the case even for AGT&rsquo s periodic semi-annual distributions which also require lenders&rsquo consent).   The Trustee-Manager has also updated that evaluation of the non-binding offer for the divestment of AGT&rsquo s interests in its golf courses is expected to be completed on or around June 2020. The Trustee-Manager will make an announcement as soon as there are any material developments, in compliance with its obligations under the Listing Manual of the SGX-ST.    You may access the full details in the announcement  here.   Best Regards, SGX RegCo"
Useful To Me  Not Useful To Me

                                                         First   < Newer   1001-1020 of 1820   Older>   Last