| Latest Forum Topics / Croesus RTrust |
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Spackman entertainment
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eagleeyes1989
Master |
26-Apr-2017 17:46
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tmrw to breach 1.015 historic high!!! |
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Goldfinger
Supreme |
26-Apr-2017 16:18
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This one is going nuclear ballistic - any market talk on the possible take over price or the offeror? | ||||
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TenPips
Veteran |
26-Apr-2017 09:28
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Thanks for sharing. No wonder price kept rising even after XD, since 0.83.   Too bad I sold all a few days ago.   Does buy on rumours, sell on news apply here? 
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Just4win
Supreme |
26-Apr-2017 09:16
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  Thanks, sgtowkayneo.. Just saw your post just shortly after I hv posted my inquiry.  Tq !
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sgtowkayneo
Member |
26-Apr-2017 09:16
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Yes, there was an announcement this morning.   Likely the reason for the recent price trending up...
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Just4win
Supreme |
26-Apr-2017 09:14
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Any good news on this counter? Price has been up and up....   |
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sgtowkayneo
Member |
26-Apr-2017 09:14
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Announcement from Croesus this morning: Croesus Retail Asset Management Pte. Ltd. (the &ldquo Trustee-Manager&rdquo ), as trustee-manager of Croesus Retail Trust (&ldquo CRT&rdquo ), wishes to announce that it has been approached in connection with a potential transaction which may or may not lead to an acquisition of all the issued units in CRT (&ldquo Units&rdquo ). Discussions are preliminary and there is no certainty or assurance whatsoever that these discussions will result in any transaction. The Trustee-Manager has appointed Citigroup Global Markets Singapore Pte. Ltd. as its financial adviser in connection with such approach. The Trustee-Manager will, in compliance with its obligations under the Listing Manual of the Singapore Exchange Securities Trading Limited (&ldquo SGX-ST&rdquo ), make the relevant announcements on SGXNET in the event of any material developments. Unitholders and investors are advised to exercise caution when dealing in Units and other securities of CRT. By Order of the Board Croesus Retail Asset Management Pte. Ltd. as Trustee-Manager of Croesus Retail Trust Kim Yi Hwa Company Secretary Singapore, 26 April 2017    |
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jeremyow
Master |
25-Apr-2017 10:30
Yells: "Passionate business investor" |
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http://fifthperson.com/10-things-i-learned-from-croesus-retail-trusts-egm-2016/ An article from the FifthPerson, a private investment education company. It shows 10 interesting take aways from Croesus Retail Trust' s last year EGM on the internalisation of their manager. It seems that some unitholders voiced out concerns on internalisation of their manager. They think that this may not be a good move afterall. Concerns that were raised include the high P/E ratio of 14 paid to internalise their manager which is not financially sensible as there are other financially better options proposed by unitholders than internalising their manager. Well, I think majority still voted passed the resolution to internalise their manager. Other concerns that were raised include the high gearing ratio (which currently stands at 46.1% as of Dec 2016). Unitholders wanted the Trust to be prudent with their decisions in using capital to pursue growth through acquisitions and also to make sure interest of manager is aligned to unitholders. During the EGM, one unitholder raised the example of an office REIT listed in Singapore which has impressively grown its assets under management (AUM) from $600 million to over $6 billion, yet the yearly distribution per unit paid to unitholders has largely remained stagnant over the years. So, this raises the question whether the interest of the manager is really aligned to their unitholders for this particular REIT? So much for the showing in outward growth in AUM without growth in distribution per unit paid to unitholders for the example of this REIT rasied by a unitholder during the EGM. Good showing for the manager but not for the unitholders in this particular example raised. I leave the reader to further research and form own independent opinions as my sharing is certainly by no means comprehensive and conclusive of the investment worthiness of Croesus Retail Trust.     |
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chengwh1
Elite |
25-Apr-2017 09:41
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First batch sold,... use the funds to buy more of Prkway LIfe REIT !!! Yeah,... Queuing to sell second batch of this,... I think Japanese spending numbers are going to get a bad  hit soon,.... |
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chengwh1
Elite |
25-Apr-2017 09:28
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This ctr sure knows how to drop hard and fast ! No chance to queue to sell even,.... |
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chengwh1
Elite |
25-Apr-2017 07:02
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Goh sold out quite a number of units - ann' t appreared in the SGX yesterday ! Some ' unknowln' problems are brewing,....... thinking to sell first and buyback later,.... Or another capital-raising exercise is coming again ! |
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chengwh1
Elite |
22-Apr-2017 13:13
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Should be good,... just a feel,...
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hp3000
Veteran |
18-Apr-2017 17:49
Yells: "Huart Ah !! Count $$$$$ liao" |
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Q3 result will be out on 15 May. |
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chengwh1
Elite |
11-Apr-2017 12:56
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Yes, Goldfinger,... me too !
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Goldfinger
Supreme |
11-Apr-2017 12:39
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Simply lurvvv this company! want to hold for a Long Long time. | ||||
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chengwh1
Elite |
11-Apr-2017 11:01
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Maybe news of the 3rd qtr performnace, period = Jan till Mar 2017, has leaked out from the mgmt since closing on Mar 31st,... performnace could be very good,...  When is the approx reporting date for the 3rd qtr please ?
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sweetbear90
Member |
11-Apr-2017 10:04
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reached a new 52 w high this morning. currently at 93 cents! 7.7% yield |
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chengwh1
Elite |
02-Apr-2017 07:08
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Right,... tq again, GF,.. current price is at an all-time high though,...
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Goldfinger
Supreme |
01-Apr-2017 16:33
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If you see the current share price, it still tends to move up after the rights issue. This may portend of the market confidence in the counter or expectations of possible corporate actions. Anyway I like this for the freehold Japanese retail assets, great DPU yield, growth in Japan going into the 2020 Olympics and future casinos, Jap asset inflation and a strong Yen amidst Low Jap interest rates. Not selling despite sizeable capital gains. | ||||
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chengwh1
Elite |
01-Apr-2017 16:24
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Tq Lim for the updates,.... Croesus pays divvy twice a year then,... let me summarise their divvy payout as below :- 1) For period May 10, 2013 till Dec 31, 2013 : paid 5.24 cpu on Mar 31, 2014. 2) For period Jan 01, 2014 till Jun 30, 2014 : paid 3.74 cpu on Sep 26, 2014. 3) For period Jul 01, 2014 till Dec 31, 2014 (advanced dividend +  all-units-in dividend)  : paid 4.16 cpu in total  by Mar 31, 2015. 4) For period Jan 01, 2015 till Jun 30, 2015 : paid 3.92 cpu on Sep 28, 2015. 5) For period Jul 01, 2015 till Dec 31, 2015 : paid 3.50 cpu on Mar 30, 2016. 6) For period Jan 01, 2016 till Jun 30, 2016 (advanced dividend +  all-units-in dividend)  : paid 3.56 cpu in total by Sep 28, 2016. 7) For period Jul 01, 2016 till Dec 31, 2016 : paid 3.60 cpu on Mar 31, 2017. Hoped I did not miss anything in the above computation. From the above, an average divvy payout would be, conservatively, 7.20 cpu per yr, giving a yield of 8% against a unit price of 90 cts.8% is good,..... PROVIDED ONE HAS FUNDS TO BUY THE RIGHTS every year,... or actually that 7.20 cpu per year is not affected even if a unitholder does not take-up the rights ?
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