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Fraser Hospitality Trust privatise
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Joelton
Supreme |
01-Jan-2025 15:14
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Frasers Hospitality Trust managers &lsquo not aware&rsquo of why stapled securities surged nearly 40% this month
The managers of Frasers Hospitality Trust ACV (FHT), a stapled group comprising Frasers Hospitality REIT and Frasers Hospitality Business Trust, say they are unaware of the &ldquo specific reason&rdquo behind a nearly 40% surge in the price of FHT&rsquo s stapled securities over the past month.
In a Dec 31 bourse filing, the managers note &ldquo significant movements in the price and trading volume of FHT&rsquo s stapled securities recently&rdquo , but also add that they are in compliance with listing rules concerning disclosure of material information.
FHT stapled securities started the year at 50 cents on Jan 2. They reached a 52-week low of 42 cents multiple times, in June, July, August and end-November.
FHT stapled securities began climbing on Dec 3, reaching a 52-week high of 60 cents on Dec 30.
FHT announced on Nov 12 the asset valuations of properties in its portfolio, which had been adopted in its financial statements for the financial year ended Sept 30.
In its last bourse filing before its stapled securities began to climb, FHT announced on Nov 27 that Panote Sirivadhanabhakdi, the chairman of the board of each of the managers, would step down on Dec 1, in line with the managers&rsquo intent to have an independent chairman of the board of each of the managers.
Ho Hon Cheong replaced Sirivadhanabhakdi as chairman on Dec 1.
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moonsun
Veteran |
01-Jan-2025 14:34
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Cannot anyhow say they dun know..
Also prices up from 42s series to 58ish.. Sgx then query and fht dunno.. What is happening? Late response and lies ?
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bechaotic
Member |
31-Dec-2024 23:21
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Anyone attending the Agm on the 15 Jan at the Inter-Continental? | ||||
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luckyguy3
Master |
31-Dec-2024 23:09
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we talked so much also useless... we dun have any insider information. It could be pump and dump or it could be some privatisation deal behind the scene. But my point with Amara was the manager actually confirmed the rumour but in this case, many bought hoping Fraser Htrust manager CONFIRMS THE RUMOURs but it turned out they say they dun know anything which is the worse case scenario. Just to have see how it goes on Thurs. |
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Neutral_Guy
Senior |
31-Dec-2024 21:22
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Ya. Don't need to argue, everyone have different interests in wanting the share prices to be higher or lower. Same for the owners who may want to privatise for whatever reasons that is best for their own benefits. If privatisation is needed, people will just borrow money regardless of the interest rates as the benefit is much greater than what we know about the company from small shareholders point of view.
As said, if you don't believe, just sell off and don't bother about this share. Don't need to waste time to convince people of your point. If you think privatisation is legit, just stay on. If fruitful, likely after next reporting. My guess only. Happy New Year to all of you. We just want to make more money to enjoy our experiences while still alive. |
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trader1970
Elite |
31-Dec-2024 20:33
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Gentlemen, need not argue as today is NY eve. Let price action do its proving when market reopen on Thursday. This is not a penny counter that you can easily manipulate to pump up and dump. Whoever did this for the last 14 days must have strong 💪 muscle to bring both liquidity and volume to reach where it is now.. The market maker has not left yet by virtue of the chart. It will be interesting to watch how this goes and if it can hold on to this price level, this means that the maker knows more than what we do not know. 和 气 生 财 ： ） | ||||
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Louistan
Senior |
31-Dec-2024 19:42
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" Yet another more immediate and important reason for the privatisation of FHT is the impact of rising interest rates on interest expense and the trust&rsquo s cost of capital. Analysts and investors have been focused on the impact of rising interest rates on DPU and DPS" The above was reported by The Edge in 2022 during its last privatisation offer.
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luckyguy3
Master |
31-Dec-2024 18:53
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borrowing loans and making a privatisation in a higher for longer interest rate environment is not a nice move. In 2022, they made the privatisation when interest rate was low and they know they had to make the offer before interest rate went up Now, in a higher and longer interest rate environment, would they make an offer? I dun think is a wise move. They will wait 2 years later when interest rate drops to a lower level. BUT if u think the privatisation will still be made soon, then by all mean go load up more and hope this is not a pump and dump.. if this is really a pump and dump, u will be making a huge loss when it goes down to 40+ cents. Good luck
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Louistan
Senior |
31-Dec-2024 17:56
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You must have shorted a lot. Eventually another privitisation attempt will still be made, especially since they missed privatising it by a mere 0.12% in 2022 at 70 cts. So if it falls back to 40+ cents, it will be another golden opportuntity to grab more.
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luckyguy3
Master |
31-Dec-2024 17:42
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i think u must have bought a lot of Fraser Htrust.. well.. good luck on Thursday
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Louistan
Senior |
31-Dec-2024 16:44
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The rumoured privatisation offer will be from a shareholder. The announcement of not being aware was made by the Managers. Perfectly possibe the Managers not being aware of the shareholder planning to make an offer.
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luckyguy3
Master |
31-Dec-2024 15:21
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Think those who went in > 50 cents betting on an announcement with indication of some deal or at least indication of POTENTIAL deal will have to see Thursday how the share price perform liao Good luck man
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luckyguy3
Master |
31-Dec-2024 15:19
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If Fraser Htrust are engaging consultation with banks lawyers etc,.. they have to indicate that and say that they are in the preliminary round of somesort of deal and are in discussion with the relevant parties(banks etc) and that there may not lead to any deal or anything concrete. So now they are OUTRIGHT REJECTING that there are any POTENTIAL DEAL.. so gg lo
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Louistan
Senior |
31-Dec-2024 15:10
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In Amara' s case they got an offer which had to be revealed. In this case, they themselves have to decide on the offer to make, to privatise it. Nothing in black and white yet unlike the offer Amara got. But the consultation with the necessary banks, lawyers, etc could have started and thus the rumours.
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luckyguy3
Master |
31-Dec-2024 15:10
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U look at Amara holdings, they basically have to admit there are some deals in the background and they are looking into the deals which does not mean the deals will materialised. But they are forced to tell the truth to SGX. IF fraser htrust says there is no deal now and then suddenly announce some deal in the near future, they will be lying to SGX. So I doubt there is any potential deal at least for the next half a year. So do expert the share price to tank.
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luckyguy3
Master |
31-Dec-2024 15:06
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Compare to AMARA HOLDINGS where they sort of acknowledged there are some pending deals, This Fraser Htrust outright rejection of any deals coming is going to cause panic for those speculators, some of them contra players. Looking at sub 40 cents again... Good luck to those who went in at > 50 cents
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luckyguy3
Master |
31-Dec-2024 15:03
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Wrong... if they are looking into it, they will have to indicate so.,. just like Amara Holdings did 
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Louistan
Senior |
31-Dec-2024 14:35
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Basically what it implies is that there is nothing firmed up yet that needs to be formally announced. Ths does not mean they are not looking into it.
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antifragile
Senior |
31-Dec-2024 13:57
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---> $0.4
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hmphie
Veteran |
31-Dec-2024 13:47
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ANNOUNCEMENT REGARDING TRADING ACTIVITY
The Board of Directors (the ?Board?) of Frasers Hospitality Asset Management Pte. Ltd., as manager of Frasers Hospitality Real Estate Investment Trust (?FH-REIT?, and the manager of FH-REIT, the ?REIT Manager?) and Frasers Hospitality Trust Management Pte. Ltd., as trustee-manager of Frasers Hospitality Business Trust (?FH-BT?, and the trustee-manager of FH-BT, the ?Trustee-Manager? and together with the REIT Manager, the ?Managers?) wishes to address the recent trading activity in Frasers Hospitality Trust?s (?FHT?) stapled securities. The Managers noted significant movements in the price and trading volume of FHT?s stapled securities recently. The Managers would like to clarify that they are not aware of the specific reason for or basis of the recent trading activity. The Managers confirm that they remain in compliance with the Listing Rules of the Singapore Exchange Securities Trading Limited, in particular, Mainboard Rule 703 concerning disclosure of material information. The Managers will, in compliance with their obligations under the Listing Manual of the Singapore Exchange Securities Trading Limited, make the appropriate announcements in due course in the event of any material development which warrants disclosure. Stapled Securityholders are advised to refrain from taking any action in respect of their Stapled Securities which may be prejudicial to their interests, and to exercise caution when dealing in such Stapled Securities. Stapled Securityholders are advised to read this announcement and any further announcements by the Managers carefully, and should consult their stockbrokers, bank managers, solicitors or other professional advisers if they have any doubt about the actions that they should take. BY ORDER OF THE BOARD Frasers Hospitality Asset Management Pte. Ltd. As manager of Frasers Hospitality Real Estate Investment Trust Company Registration No: 201331351D Frasers Hospitality Trust Management Pte. Ltd. As trustee-manager of Frasers Hospitality Business Trust Company Registration No: 201401270M Catherine Yeo Company Secretary 31 December 2024 |
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