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FRASER HOSPITALITY TRUST - 8% YIELD . NAV : 74.8c
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Goldfinger
Supreme |
13-Jun-2022 22:19
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Its not a bad price, but they can do better than that lah..... come on, put another 5-10 cents and make every smile wider.... sometimes its a cat and mouse game, and they raise a bit more to make people happy, like how you feel when you go bargain hunting and bargaining in Thailand etc. | ||||
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LongXia
Veteran |
13-Jun-2022 17:36
Yells: "BBs never say why when they buy, never tell when they sell!!" |
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If not for this takeover offer, FHT will be as red as the rest today. The price has been rallying because of the speculation of this takeover, otherwise it would have stayed range-bound in the Low fifties, even with the reopening of borders. A peer comparison with CDLHT is a good example. The scheme is likely to succeed because the stingy Thai owner needs only to get another 25% to accept his offer..... don' t forget, during the first CB lockdown many had liquidated the stock. And many bought back in the thirties and low forties thereafter.... so these people would have gained as much as 80%.... plus coffee shops is full,of rumors that the insiders cronies through proxies accounts and funds had bought into the stock during the run up. That was how news leaked. But I understand, the Thai owner has grand scheme for its move, like consolidating all his properties which are all over the place, like in FNN, ThaiB,, FP, and his Thai companies. So, hopefully we may see him increasing a couple of cents to bring the offer cross over the line..... all this move make sense and tie in with his BeerCo thingy which I hinted in the ThaiB thread here and elsewhere... |
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easywin
Supreme |
13-Jun-2022 12:58
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Above 70 still can buy very likely price need to revise
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xenon672
Member |
13-Jun-2022 12:23
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Not Selling at $0.70!! Pandemic over..Hospitality is picking up..better than AirBnb bec Hospitality units like hotels have better security/cleaning protocols etc..so safer and better bet for stay for visits and long tern stay for work arrangements. INTERNATIONAL travel has picked up. Worth more. Above $0.77..Will be so-so price...still not fully acceptable. Above $0.83..maybe ok price | ||||
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xenon672
Member |
13-Jun-2022 11:17
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It's the usual...big companies taking advantage of small investors | ||||
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easywin
Supreme |
13-Jun-2022 10:57
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Very likely more to go as compared last traded price 0.66 the offering not so attractive for many
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LongXia
Veteran |
13-Jun-2022 10:44
Yells: "BBs never say why when they buy, never tell when they sell!!" |
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Haha... I m with you on this... although I m quite happy. anything above is a bonus
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Joelton
Supreme |
13-Jun-2022 10:08
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S$0.700 in cash: PROPOSED PRIVATISATION OF FRASERS HOSPITALITY TRUST TO UNLOCK VALUE FOR ITS STAPLED SECURITYHOLDERS
▪ Proposed privatisation by a wholly-owned subsidiary of FPL, to be implemented by way of a trust scheme of arrangement
▪ Following the completion of its strategic review, the FHT Managers concluded that the Scheme represents the best option for Scheme Stapled Securityholders to unlock immediate value of their investments at a premium to NAV
▪ The Scheme Consideration of S$0.700 in cash per Scheme Stapled Security represents:
&bull a premium of 43.8% and 16.7% over the 12-month VWAP and recent analyst consensus target price respectively and
&bull an implied P/NAV multiple of 1.07x, which exceeds (i) historical averages of FHT&rsquo s trading multiples since IPO (ii) current trading multiples of other listed Singapore hospitality trusts and (iii) precedent S-REIT privatisations
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Goldfinger
Supreme |
13-Jun-2022 09:52
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Good, they did not mention it is the final offer. Hope there is more room to adjust upward. | ||||
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LongXia
Veteran |
13-Jun-2022 09:07
Yells: "BBs never say why when they buy, never tell when they sell!!" |
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Double confirmed... privatisation, $0.70 per share.... not bad, at least to me.
PROPOSED PRIVATISATION OF FRASERS HOSPITALITY TRUST TO UNLOCK VALUE FOR ITS STAPLED SECURITYHOLDERS |
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Goldfinger
Supreme |
10-Jun-2022 13:30
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Well, hope its going to be a public offer and not one of those scheme of arrangements, which heaven knows why the clever SGX allows. This never favour the small retail investor.
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LongXia
Veteran |
10-Jun-2022 13:23
Yells: "BBs never say why when they buy, never tell when they sell!!" |
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Why not? More than 60% is in the hands of the owners and his associates. Public float is only 35%, and most trading over the past two years was done in the 40s and 50s range. It came to life in recent months only when the rumors of takeover surfaced, and more of these trades are done through contraing, not much were bought to keep long terms. The Thai owner is known to be a stingy guy. The clue to the offer price can be found in the loan money he is trying to raise to pay for the buying in of all the shares he doesn' t own. It' s hardly enough for a 0.70 offer, but. I hope the uncles are wrong. The higher the offer, the more profits I' ll,get Remember all he needs is to convince another 25% to cross over to him.... there already some coffee shops talks that his cronies may have already bought tons of it during the run up, to later " transfer" to him. Yes, it' s a dirty market, we r only small fries. |
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Goldfinger
Supreme |
10-Jun-2022 12:53
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At this low 68-69 cent prices, I doubt it will succeed. They will likely need north of 73-75 cents range to stand a better chance. I would not accept at 68-69 cents range. These NTA were calculated at pandemic level pricing where hotels were bleeding and slaughtered. Holding out will give us a better deal. Also, they are not that close to the 90% takeover threshold either. | ||||
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Joelton
Supreme |
10-Jun-2022 08:48
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Thailand&rsquo s TCC seeks loan for Frasers Hospitality Trust privatisation: sources
THAI billionaire Charoen Sirivadhanabhakdi&rsquo s TCC Group is seeking a S$500 million loan to take Singapore-listed Frasers Hospitality Trust : ACV 0% private, according to people with knowledge of the matter.
The conglomerate, which controls a majority of shares in both Frasers Hospitality and its parent, Frasers Property : TQ5 0%, is in talks with banks about a potential transaction to finance the deal, said the people. An announcement about the proposed buyout could be made as early as this week, they said, asking not to be identified as the process is private.
The real estate investment trust is working with a financial adviser as it explores the potential privatization, amid concerns that its share price doesn&rsquo t reflect the company&rsquo s value, Bloomberg News reported in April.
Deliberations are ongoing and there is no certainty that the deal will proceed, the people said. A representative for Frasers Hospitality Trust declined to comment, while TCC Group didn&rsquo t immediately respond to requests for comment.
Trading of shares in Frasers Hospitality Trust and Frasers Property were halted Thursday (Jun 9) pending an announcement from the companies.
With a portfolio valued at S$2.25 billion, Frasers Hospitality Trust oversees 15 properties across Asia, Australia and Europe, according to Frasers Property&rsquo s 2021 annual report. BLOOMBERG
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bystander1965
Supreme |
10-Jun-2022 08:27
Yells: "What I say is just my assessment. DYODD" |
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Wei, HaiLongWang not hailangwan lah.
海 龙 王 leh. Very different you know. 😆 龙 虾 变 海 龙 王 。 😁
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LongXia
Veteran |
10-Jun-2022 08:23
Yells: "BBs never say why when they buy, never tell when they sell!!" |
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Wa Lau! In what way, I " hai" people.... I aso neber tell people to buy. I only kapoh came out yesterday to tell people why it' s halted, and then confirmed later coffee shop' s view that it is going to be privatised... anyway, the coffee shops uncles are taking bets on the offer prices, and the popular numbers are 68 and 69.
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bystander1965
Supreme |
10-Jun-2022 07:19
Yells: "What I say is just my assessment. DYODD" |
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Ok the latest NAV is 0.6534. So it' s the same as NTA.
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bystander1965
Supreme |
10-Jun-2022 07:17
Yells: "What I say is just my assessment. DYODD" |
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Soon you will be HaiLongWang already.  Halted already. I got them 40-ish also but decided to cash out after the latest XD. So if it' s around NAV (I am assuming their NAV is close to NTA) or even slightly, no difference to me. But I can deploy the $ to somewhere else earlier.
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bystander1965
Supreme |
10-Jun-2022 07:14
Yells: "What I say is just my assessment. DYODD" |
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NTA (not NAV) from 2015 - 2021 82, 90, 87, 82, 78, 70, 65 So it has been dropping slowly prior to, but accelerated during the pandamic. Anyway, " HALT" already. |
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Goldfinger
Supreme |
09-Jun-2022 17:47
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Smart people will try to privatise during pandemic level pricing. Do we know what the NTA/NAV was like prior to the pandemic? Did it fall drastically given the terrible situation for hotels during COVID? | ||||
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