| Latest Forum Topics / Croesus RTrust |
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CROESUS Forum
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cheongsl
Master |
03-Nov-2014 17:28
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Why do the massive stimulus be good for Croesus Retail Trust? When the BOJ is pumping more money into the  markets it will only devalue the Japanese yen. This make the goods import more expensive, but export more cheap. The country inside will experience the inflation, things become more expensive, will the retail business be better or worst? Will shop rental be improve, when the business inside japan  become more difficult? Don' t forget that the current divident is paying out 100% of earning and the next payment onwards is only 90%. And with the new share issue for managers fees actually will dilute the divident payout over time.
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jcubec
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03-Nov-2014 16:50
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The price for the counter had risen, results suppose to be good that why ppl buying when its cheaps! |
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xerces
Member |
02-Nov-2014 16:58
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BOJ recently bump up massive stimulus, will this translate to better economy outlook for Japan and this stock? |
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Secret_Squirrel
Elite |
28-Oct-2014 20:35
Yells: "Stay curious but skeptical" |
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I attended yesterday AGM. This is quite an usual AGM as most of the Q& A are   mostly handled by the CFO, CIO and Jeremy Yong.   I think this is good because the CFO and CIO knows   better and are   able to explain better to the shareholders than the Chairman and CEO. A copy of the AGM presentation slide can be found at sgx website under company annoucement.   |
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hp3000
Veteran |
11-Sep-2014 21:14
Yells: "Huart Ah !! Count $$$$$ liao" |
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The $0.915 price are offer to the big buyer. So won' t think is a buy and dump type. Current drop are due to one of the sub-shareholder selling off before the   placement. Some of the player see the announce and follow.
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chongpin
Senior |
11-Sep-2014 08:40
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extra revenue from the new mall aquired should sustain the current dividend (despite increase of recent placement shares) unless changes to the rental renewal or occupancy level in current finanicial year are not in favour of the reits owner.
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spore1
Supreme |
10-Sep-2014 18:44
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May be a bad sign .more shares floating means less Dividend .90 cents possible
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Benlim
Member |
10-Sep-2014 18:12
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A sudden drop of price during the late afternoon prior to tomorrow where the placement shares will kick in to the open market. will it be worst for tomorrow?    vested |
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katak88
Master |
09-Sep-2014 10:11
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Could his company one of the beneficiary of the new placement units at $0.915 ? The units are traded at $1.00-$1.025 range on 28 Aug  (CD) and $0.995-$1.005 range on Aug 29  (CD) which means that his company, Wealthy Fountain Holdings Inc,  sold 2.3m units at  $1.00-$1.025 range and 8.7m units at  $0.995-$1.005 range.  The total dividend is abt H1 3.74c + est. advanced distribution 1.66c = 5.4c.  
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Secret_Squirrel
Elite |
08-Sep-2014 21:18
Yells: "Stay curious but skeptical" |
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Yes, saw it on the edge singapore. He saw it off before ex-dividend. 
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katak88
Master |
08-Sep-2014 11:36
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Correction:         It was from  23,071,000 shs  (5.35%)   to  20,771,000 shs (4.81%)   on 28 Aug 2014
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katak88
Master |
08-Sep-2014 10:14
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Anyone noticed that Tong Jinquan (via  Wealthy Fountain Holdings Inc  ) had sold down his shareholdings in Croesus RT from  20,771,000 shs (5.35%)   to  20,771,000 shs (4.81%)   on 28 Aug 2014 and sold down further to  12,091,000 (2.8%) on 29 Aug 2014 just before the private placement announcement   of 78,900,000 new units at an issue price of between S$0.890 and S$0.920 per New Unit  on 1 Sep.  Mr. Tong' s interest in Croesus Retail Trust decreased from about 20.77 million units to about 12.09 million units on 28-29 August. That is a 40% reduction. Quite significant. |
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hp3000
Veteran |
03-Sep-2014 17:11
Yells: "Huart Ah !! Count $$$$$ liao" |
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Date              Open Price      Target Price      Upside/Downside      Price   Call      Source      03/09/2014      0.995              1.16              +0.165 (16.58%)       BUY      CIMB        01/09/2014      1.00               1.15              +0.15 (15.00%)         BUY      Phillip Securities        29/08/2014      1.005              1.15              +0.145 (14.43%)         BUY      OSK-DMG        29/08/2014      1.005              1.10              +0.095 (9.45%)           BUY      DBS Vickers        29/08/2014      1.005              1.16              +0.155 (15.42%)         BUY      CIMB        19/08/2014      1.00               1.16              +0.16 (16.00%)           BUY      CIMB        16/05/2014      0.935              1.12              +0.185 (19.79%)         BUY      Phillip Securities        15/04/2014      0.885              1.03              +0.145 (16.38%)         BUY      Phillip Securities |
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hp3000
Veteran |
03-Sep-2014 17:08
Yells: "Huart Ah !! Count $$$$$ liao" |
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Get some more yesterday at 96 cts. Today can close $1 happy liao. Over all happy with it with 2 dividend per years. Total dividen taken was since IPO (0.0524 + 0.054) = $0.1064 If this is taken and calculate the cost I get is about 10++% of dividend. |
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hp3000
Veteran |
03-Sep-2014 11:27
Yells: "Huart Ah !! Count $$$$$ liao" |
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Up liao !
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katak88
Master |
03-Sep-2014 11:02
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PUBLISHED SEPTEMBER 02, 2014 BY  CLAIRE HUANG
[email protected] 
 
Broker' s Take: DMG Research maintains ' buy' call on Croesus Retail Trust
DMG Research has maintained its " buy" call on Japanese mall investment trust Croesus Retail Trust (CRT) at a target price of S$1.15. As at 11.40am, CRT was trading at S$0.985, down S$0.015 or 1.5 per cent. On Tuesday morning, before markets opened, CRT announced that its private placement of 78,900,000 new units released on Monday was oversubscribed. The issue price per new unit has been fixed at S$0.915 each. ==================================================================================== Morning Matters &ndash 2 September 2014 Croesus Retail Trust (CRT SP) announced the acquisition of One' s Mall in Chiba Japan for SGD132.5m. The property is a large-scale retail shopping complex with 52 tenants, across a net lettable area of approximately 52,000sqm with a 99.4% occupancy level, situated in Inage Ward, one of six wards within Chiba City and located within a suburban residential area with a high population density. One' s Mall is conveniently accessible by four railway lines including the JR Sobu Honsen Line, JR Keiyo Line, Keisei Chiba Line and the Chiba Urban Monorail, as well as having a frontage along the National Road Route 16, a major arterial road of the Chiba Prefecture, providing easy visibility and accessibility to customers by car. CRT will fund this acquisition partly via the issue of 78.9m new shares through a private placement at SGD0.89-SGD0.92 a share, a discount of 2-5% from the adjusted volume weighted average price of SGD0.9455, raising approximately SGD71m. The remaining will be paid with majority made up of Japanese debt and the rest from the local MTN notes. DPU is projected to increase marginally from SGD8.98 cents to SGD9 cents, even after accounting for the new shares placed. CRT has also announced an advance dividend from 1 July to 1 Sept of SGD1.66 cents, bringing total dividend given out on 10 Sept 2014 to SGD5.4 cents. We believe that this acquisition is positive for CRT and its shareholders, as despite placing out new shares to fund the acquisition, it will still be yield-accretive. It also brings down gearing to 50% from 52%, giving it more debt headroom for future potential acquisitions down the road.   Maintain BUY on CRT with a SGD1.15 TP. Analyst: Jarick Seet, +65 6232 3891 Previous Report: Croesus Retail Trust Results Review (BUY) - Resilient Japan Play (29 August 2014) http://www.remisiers.org/cms_images/research/Sep01-Sep05_2014/0902_OSK_Morning_Matters.pdf |
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katak88
Master |
03-Sep-2014 09:27
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The ex-date for the H1 Dividend (3.74c/unit) and the Advance distribution (approx. 1.66c/unit) is on 8/9/2014 (Mon)  
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katak88
Master |
02-Sep-2014 09:48
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Croesus Retail Trust acquires One&rsquo s Mall in Tokyo for $132.5 mil WRITTEN BY THE EDGE     MONDAY, 01 SEPTEMBER 2014 22:12 The manager of Croesus Retail Trust said it has entered into a purchase and sale agreement to buy One&rsquo s Mall for JPY11 billion ($132.5 million). The consideration represents a 5.2% discount to the independent valuation of JPY11.6 billion. One&rsquo s Mall is located in the Inage Ward in Chiba, a city that is 40km southeast of Tokyo. It complements CRT&rsquo s asset portfolio in the Greater Tokyo district and increases exposure to the recovering Japanese economy where the retail sales sector has grown 1% year-on-year in 2013. The acquisition will be financed through a combination of bank debt, proceeds from the Fixed Rate Notes due 2017 issued by CRT on 23 January 2014 under the US$500 million Euro Medium Term Note Programme established by CRT on 3 January 2014 The manager has also proposed the private placement of 78.9 million new units at between $0.890 and $0.920 each for institutional and other investors to raise gross proceeds of between $70.2 million and $72.6 million to partially fund the acquisition. The acquisition would have raised the DPU of CRT by 0.2% from 8.98 cents to 9.00 cents, assuming CRT had completed the acquisition on 6 March 2014 and held and operated the property through to 30 June 2014. |
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katak88
Master |
02-Sep-2014 09:43
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It was due to the  Private Placement of 78,900,000 New Units in Croesus Retail Trust done today. Hence advance dividend payment is announced today which is estimated to be  1.66c/unit. (ie. for the period from 1 Jul 2014 to the date prior to the issuance of new placement units)  The issue price per New Unit has been fixed at S$0.915 per New Unit which should not be entitled to the current H1 dividend of 3.74c/unit and the estimated advance  dividend payment of 1.66c/unit to be paid on 26 Sep (Ex date is 8 Sep). The New Units for the private placement are expected to be issued on 11 September 2014. Hence the next dividend (H2 dividend) which is to be announced in Q1 2005 should be for the period 11 Sep 2014 to 31 Dec 2014.      
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hp3000
Veteran |
01-Sep-2014 22:32
Yells: "Huart Ah !! Count $$$$$ liao" |
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Haha more than that a further special dividen was annonuce today. Important Dates and Times Distribution period : (i) 2H FY2014 Distribution: 1 January 2014 to  30 June 2014 and (ii) Advance Distribution: 1  July 2014 to the day immediately prior to the  date on which the New Units are issued  pursuant to the Private Placement Distribution amount : Aggregate of (i) 2H FY2014 Distribution: 3.74  Singapore cents per unit and (ii) Advance  Distribution: Approximately 1.66 Singapore  cents per unit Add up to $0.054 Ex-distribution date : 9.00 a.m., 8 September 2014 Books Closure Date : 5.00 p.m., 10 September 2014 Payment of the Cumulative Distribution : On or around 26 September 2014 Huart ah tomorrow it will cheong liao. Also announce to buy one' s mall in japan. Total dividen taken was since IPO (0.0524 + 0.054) = $0.1064
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