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anthonykwong Supreme	01-Dec-2016 21:38        anthonykwong About Contact  Quote this Post!
x 0   x 0  Alert Admin	ARA paid rmb 20 bil for Li Ka Shing Shanghai project ? bravo . then all must look out for Capitaland. Capitaland is way under valued for its vast assets in China.
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luvkarena Member	01-Dec-2016 12:06        luvkarena About Contact  Quote this Post!
x 0   x 0  Alert Admin	Still hv 130 million shares to sell for MICM and MIF....
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nea03177 Senior	29-Nov-2016 17:37        nea03177 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Any shareholder with more than 5% share in the listed company must declare such interest. If interest fall below 5%, they need not report. To say they are deemed to be an associate of the offeror company, where in SGX Regulation was it stated. investshare      ( Date: 29-Nov-2016 16:03) Posted: The price gap is more than 5%, not too bad for an 6 month investment, if the privatisation deal is still on. One SSH, MICM has been selling. Now if I were to SPECULATE: 1. Since they are US-based, unlikely they have any insider info. 2. They sell ARA now rather than later, forgoing 5% gain to move fund back to US, because US stock is rising, and USD is appreciating now. If my speculation is true, this is quite a good arbitrage opportunity. MICM is a United States-registered investment advisor that tra  Based on the information received by the Company from MICM and MIF on 29 November 2016, an aggregate of 2,000,000  1   MICM and MIF are each deemed under the Code to be an &ldquo associate&rdquo of the Company in relation to the Offer by virtue of the fact that they have an interest in 5% or more of the equity share capital of the Company. As such, the Code requires dealings by MICM and MIF in ARA Shares during the Offer period to be disclosed. 2   The dealing price per ARA Share excludes brokerage commission, clearing fees and goods and services tax.                                                               ARA Shares were disposed of by MICM and MIF, of which 1,598,906 ARA Shares were disposed of by MICM on behalf of MIF.   Based on the information received by the Company from MICM on 29 November 2016, MICM has a deemed interest 3   in 82,362,103 ARA Shares after the dealings reported above, representing approximately 8.26%4 of the total issued ARA Shares. Based on the information received by the Company from MIF on 29 November 2016, MIF has a deemed interest5 in 56,776,839 ARA Shares after the dealings reported above, representing approximately 5.69%6 of the total issued ARA Shares.  3nsacts in the Company&rsquo s shares on behalf of its clients and MICM also acts an investment advisor to MIF.
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investshare Supreme	29-Nov-2016 16:03        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	The price gap is more than 5%, not too bad for an 6 month investment, if the privatisation deal is still on. One SSH, MICM has been selling. Now if I were to SPECULATE: 1. Since they are US-based, unlikely they have any insider info. 2. They sell ARA now rather than later, forgoing 5% gain to move fund back to US, because US stock is rising, and USD is appreciating now. If my speculation is true, this is quite a good arbitrage opportunity. MICM is a United States-registered investment advisor that tra  Based on the information received by the Company from MICM and MIF on 29 November 2016, an aggregate of 2,000,000  1   MICM and MIF are each deemed under the Code to be an &ldquo associate&rdquo of the Company in relation to the Offer by virtue of the fact that they have an interest in 5% or more of the equity share capital of the Company. As such, the Code requires dealings by MICM and MIF in ARA Shares during the Offer period to be disclosed. 2   The dealing price per ARA Share excludes brokerage commission, clearing fees and goods and services tax.                                                               ARA Shares were disposed of by MICM and MIF, of which 1,598,906 ARA Shares were disposed of by MICM on behalf of MIF.   Based on the information received by the Company from MICM on 29 November 2016, MICM has a deemed interest 3   in 82,362,103 ARA Shares after the dealings reported above, representing approximately 8.26%4 of the total issued ARA Shares. Based on the information received by the Company from MIF on 29 November 2016, MIF has a deemed interest5 in 56,776,839 ARA Shares after the dealings reported above, representing approximately 5.69%6 of the total issued ARA Shares.  3nsacts in the Company&rsquo s shares on behalf of its clients and MICM also acts an investment advisor to MIF.
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investshare Supreme	29-Nov-2016 15:57        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	very weird, continue to drop.
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investshare Supreme	29-Nov-2016 12:00        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Even if AVIC pull out, I think OCBC or other partners will still proceed. But why the drop?   Avic Trust is owned by OCBC and the finance arm of the Aviation Industry Corporation of China. The buyout will be carried out by way of a scheme of arrangement. nea03177      ( Date: 29-Nov-2016 10:27) Posted: Yes. That's how people played it out. Now they are posting negative views because of China's control on overseas investment. One of the parties taking over will have over 21% in Co, so fear China will not grant approval. But that Co is state owned ? investshare      ( Date: 29-Nov-2016 09:32) Posted: The difference between selling now and later is about 4% and the process will take around 6 months. For some investors, they sell ARA and buy other stock e.g. Singtel and expect a 10% though not guaranteed. After all in stock market, it is all about taking risk
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investshare Supreme	29-Nov-2016 11:56        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	what hapen? $1.69. That' s more   5%.
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nea03177 Senior	29-Nov-2016 10:27        nea03177 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes. That's how people played it out. Now they are posting negative views because of China's control on overseas investment. One of the parties taking over will have over 21% in Co, so fear China will not grant approval. But that Co is state owned ? investshare      ( Date: 29-Nov-2016 09:32) Posted: The difference between selling now and later is about 4% and the process will take around 6 months. For some investors, they sell ARA and buy other stock e.g. Singtel and expect a 10% though not guaranteed. After all in stock market, it is all about taking risk. passingby      ( Date: 29-Nov-2016 09:03) Posted: ic... so we will have to wait till their letter of inform us of buying at $1.78.. btw... i m puzzle how come there are still ppl selling their shares at the current price rather than wait for the offer?
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investshare Supreme	29-Nov-2016 09:32        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	The difference between selling now and later is about 4% and the process will take around 6 months. For some investors, they sell ARA and buy other stock e.g. Singtel and expect a 10% though not guaranteed. After all in stock market, it is all about taking risk. passingby      ( Date: 29-Nov-2016 09:03) Posted: ic... so we will have to wait till their letter of inform us of buying at $1.78.. btw... i m puzzle how come there are still ppl selling their shares at the current price rather than wait for the offer?  nea03177      ( Date: 28-Nov-2016 23:41) Posted: It's same pattern as SMRT Scheme of Arrangement and HTL holdings. They will have to get all necessary regulations, procedures satisfied including appointing Independent Financial Adviser to the independent Directors of the Company min before despatch of documents to attend the court meeting (IFA Statement will be enclosed in Scheme Document) After shareholders give their consent, the Legal Advisers still need to file Court Documents and after Court Order is extracted, lodge with ACRA. Then SGX will stop the trading of the shares and make payment to the shareholders. After that shares will be delisted. All dates for the various steps will be in the SCHEME DOCUMENT.
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passingby Member	29-Nov-2016 09:03        passingby About Contact  Quote this Post!
x 0   x 0  Alert Admin	ic... so we will have to wait till their letter of inform us of buying at $1.78.. btw... i m puzzle how come there are still ppl selling their shares at the current price rather than wait for the offer?  nea03177      ( Date: 28-Nov-2016 23:41) Posted: It's same pattern as SMRT Scheme of Arrangement and HTL holdings. They will have to get all necessary regulations, procedures satisfied including appointing Independent Financial Adviser to the independent Directors of the Company min before despatch of documents to attend the court meeting (IFA Statement will be enclosed in Scheme Document) After shareholders give their consent, the Legal Advisers still need to file Court Documents and after Court Order is extracted, lodge with ACRA. Then SGX will stop the trading of the shares and make payment to the shareholders. After that shares will be delisted. All dates for the various steps will be in the SCHEME DOCUMENT. passingby      ( Date: 28-Nov-2016 22:57) Posted: Hi...why there is still transaction lately if ARA is going to buy at$1.78?  Also, will minority or retail shareholder like us be getting any letter from them that they will buy from us @ $1.78?
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nea03177 Senior	28-Nov-2016 23:41        nea03177 About Contact  Quote this Post!
x 0   x 0  Alert Admin	It's same pattern as SMRT Scheme of Arrangement and HTL holdings. They will have to get all necessary regulations, procedures satisfied including appointing Independent Financial Adviser to the independent Directors of the Company min before despatch of documents to attend the court meeting (IFA Statement will be enclosed in Scheme Document) After shareholders give their consent, the Legal Advisers still need to file Court Documents and after Court Order is extracted, lodge with ACRA. Then SGX will stop the trading of the shares and make payment to the shareholders. After that shares will be delisted. All dates for the various steps will be in the SCHEME DOCUMENT. passingby      ( Date: 28-Nov-2016 22:57) Posted: Hi...why there is still transaction lately if ARA is going to buy at$1.78?  Also, will minority or retail shareholder like us be getting any letter from them that they will buy from us @ $1.78?
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passingby Member	28-Nov-2016 22:57        passingby About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi...why there is still transaction lately if ARA is going to buy at$1.78?  Also, will minority or retail shareholder like us be getting any letter from them that they will buy from us @ $1.78?
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investshare Supreme	28-Nov-2016 18:31        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	I see, thanks. nea03177      ( Date: 28-Nov-2016 17:53) Posted: It is clearly stated in the announcement that the final price is 1.78. Any dividend announced will be deducted from the $1.78. investshare      ( Date: 28-Nov-2016 16:47) Posted: will shareholder still get the next dividend?
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nea03177 Senior	28-Nov-2016 17:53        nea03177 About Contact  Quote this Post!
x 0   x 0  Alert Admin	It is clearly stated in the announcement that the final price is 1.78. Any dividend announced will be deducted from the $1.78. investshare      ( Date: 28-Nov-2016 16:47) Posted: will shareholder still get the next dividend?
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investshare Supreme	28-Nov-2016 16:47        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	will shareholder still get the next dividend?
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passingby Member	17-Nov-2016 12:28        passingby About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi.. does it meant  that the company will issue letter to inform  retail shareholder like us  that they will buy the shares at $1.78?
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Bytesizedinvest Member	08-Nov-2016 21:29        Bytesizedinvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	Quick Update from ARA: The privatisation will be effected by way of a Scheme of Arrangement. Scheme Consideration of S$1.78 per Scheme Share, representing significant premiums to the following benchmarks up to and including 2 November 2016: * 43.9% over the 12-month VWAP * 31.7%, 30.3%, 29.6% and 26.2% over the 6-month, 3-month, 1-month VWAPs and the last traded price, respectively * Exceeds the highest closing price of ARA shares over the past 2.5 years. The Offeror does not intend to increase the Scheme Consideration and accordingly, this represents   the final price for each Scheme Share. Reasons for ARA to privatise: &ldquo ... ARA will require significant amount of capital to further its growth through strategic co-investments into existing and new funds, as well as through opportunistic acquisitions.&rdquo   &ldquo ...Should it remain a listed company at this scale, raising capital successfully will take time and will be highly dependent on market conditions. Such capital raisings also entail costs and may result in the dilution of shareholders&rsquo interests&hellip &rdquo Benefits of partnering with Warburg Pincus and AVIC Trust: 1.  INCREASED access to capital, which will allow ARA to operate more nimbly and efficiently in achieving its growth objectives.  2.  LEVERAGE upon Warburg Pincus&rsquo global network of investor relationships, experience in partnering with management teams to drive growth, and a strong investment track record in real estate platforms around the world.  3.  TAP AVIC Trust&rsquo s unique distribution capability in China and provide ARA with important access to the Chinese capital markets and other business opportunities in China. Benefits for Scheme Shareholder: ARA and the Consortium believe that the privatisation provides an opportunity for Scheme Shareholders who may find it difficult to exit in ARA due to the low historical trading liquidity, to realise their investment at an attractive valuation. Release of 3Q Financial Results: Revenue increased 34% YOY, Adjusted Net profits increased 12% YOY. We wonder if the quarterly financial statement were released before they start to do the trading halt, what kind of price would it be offering, considering that they quoted a 26.2% premium above last traded.  ________ Financial Freedom can be achieved through prudence and patience capital. http://www.bytesizedinvestments.com/
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acetron Member	08-Nov-2016 16:38        acetron About Contact  Quote this Post!
x 0   x 0  Alert Admin	1.78
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triphopper Senior	03-Nov-2016 21:58        triphopper About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hot stock: ARA Asset Management seeks trading halt after SGX query (http://www.businesstimes.com.sg/stocks/hot-stock-ara-asset-management-seeks-trading-halt-after-sgx-query) Super, GLP, now ARA.... seriously WTF is SGX doing as a regulator?!? On a side note, wonder what is the reason  behind this insider trading???!!!
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Bytesizedinvest Member	21-Aug-2016 01:31        Bytesizedinvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Kenzo1975, ARA Asset Management Limited recently reported total revenue of S$81.6 million and net profit of S$38.7 million for the quarter ended 30 Jun 16. What strikes out to me is that the recurrent management fees for 1H16 grew strongly by 10% to S$68 million, underpinned by the growth in REIT management fees, portfolio management and service fees as well as real estate management fees.  The Adjusted Net Profit was at S$36.5 million, 7% higher  compared to previous year. Base REIT fees up 4%. These are all good numbers imo. On top of that,  ARA has a strong and robust balance sheet with gearing ratio at 14% (up from 3% in 1Q2016), its current ratio is now at 2.6 and cash ratio at 1.2. It also announced the standard $0.023 per share of dividend, payable on 23 Aug 16. This sums up to S$22.9 million of dividend. Due to rights issuance, its paying more dividend the previously, but the payout rate is still sustainable imo its  payout ratio is only at 59.3%.  To conclude. the fundamentals of the company seems intact, with growing revenue and mitigated down side risk with its strong balance sheet. What we need to be careful of, perhaps is the exposure to the office property market due to the impending supply glut. If rent falls sharply, valuation of property might fall, and it will decrease ARA' s base fees. I felt that it was much cheaper when they did the rights issuance and accumulated further when it went down even more. As at 20 Aug 16, ARA share price is at S$1.37. It has a PE (TTM) of 15.75. Accounting only the adjusted profit and then annualising it, its PE (adjusted) stands at 19. Reference: http://www.bytesizedinvestments.com/ara-post-1h16-net-profit/ http://ara.listedcompany.com/news.html/id/538688 kenzo1975      ( Date: 10-Aug-2016 12:12) Posted: Can buy this now?
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