| Latest Forum Topics / Frasers L&C Tr Last:0.99 -- |
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The Only Shipbuilding Blue Chip in SGX!
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SimpleTrade
Senior |
22-Apr-2018 10:18
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Good qns. I am also puzzled by the presentn note. Anyone on this?
In pg 5 , it mentioned the new pty is close to 596.8 euro (aus 1 bil ). However , after adjusted for net assets and liab, the transactional purchse price is only 316.2 mil euro. The funding required is euro 316.2 plus some tx fees.
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tehpeng
Member |
22-Apr-2018 09:50
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Agree with you!
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Goldfinger
Supreme |
22-Apr-2018 09:42
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But I thought their asset value increased by $1billion so the rest is assumption of debt. | ||||
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SimpleTrade
Senior |
22-Apr-2018 09:36
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Looked through the presentn note,
Pre-acq 615mil. 30.9% Post-acq 1079 mil 36.8% With the above, i deduce that it plans to raise 464 mil through bank borrowing or bonds. ( total 529.8 mil req) So, the rest 65.8mil through combination of pte placement and pref share. I think its a better choice that they acquired european assets than aust as it diverisfy their forex risk |
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chengwh1
Elite |
21-Apr-2018 12:22
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Well,... I noticed something here too,... the gearing ratio jumped up a lot,... to 36% after everything has been completed,...
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chengwh1
Elite |
21-Apr-2018 12:14
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I' ll look at it this way,... for investors who have been given placements, they must not be allowed to participate in the Pref Offerings anymore. The prices for the Pref Offering must be the same as the prices used in the Placements. Placements must be done at 1-for-1 ratio to be fair to us. If the three practices above are executed, it will still not be fully-fair, but at least it will be quite close,....Otherwise, do all at Pref Offerings, start doing earlier since we need to catch-up with time. I know Placements are very fast and easy to do,....
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SimpleTrade
Senior |
21-Apr-2018 12:09
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Check the gearing ratio at reit data , it s 30.9% for FLIT.
Yield is 6.7%,. last qtr dpu is 1.8cents. Current price. 1.07 ~1.09 |
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chengwh1
Elite |
21-Apr-2018 11:46
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Okay bro,... I will,... hehe,....
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Goldfinger
Supreme |
21-Apr-2018 10:24
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We should convey to Mgt at the EGM or now that we want rights not pvt placement!!! | ||||
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SimpleTrade
Senior |
21-Apr-2018 10:07
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why on my hp cant see/missing some posts ? very lousy leh sharejunction forum on mobile.
Bro, my avg price almost similar as u. Be more positive, to you this is considered as low risk, while the newcomers may have to wait further dividends to get backmore returns. So far, this reit mgr has been very steady in theirmgt style and cost control. I hope they dont be short sighted and rush to acquire more propty for the sake of going big. |
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chengwh1
Elite |
20-Apr-2018 23:56
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Yes bro,.. I am still holding, and preparing bullets to fully-subscribe to the Pref Offering,...
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chengwh1
Elite |
20-Apr-2018 17:50
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Yeah,... agreed, it' s a good deal. It' s going to be a preferential offering (hopefully), which means it is a Non-Renounceable Offering, either we take it or we leave it,... and the ' Rights' Units can' t be sold in the open mkt. And, if we reject it, our holdings will be ' diluted' . The current price is $1.08. This price is too far from my average price of 96 cts. The discout given will probably be not too much, hence, say,.. till $1.04.... and after taking the preferential shares, my Average Price will ' go up' , which will lessen my yield. If reject - diluted. If accept - yield lessened. Not too good for someone with an Average Price like mine,... |
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Goldfinger
Supreme |
20-Apr-2018 15:40
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It is either a placement and/or preferential offering to existing unitholders (which means rights I think?). Almost all the 21 properties are freehold (except one) and it is yield accretive so I like the deal. Also, seems like the bulk will be debt funded (ie approx S$400million???), so less likely to be too dilutive.
Please correct if anyone reads diferently and I am mistaken. Thanks.
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chengwh1
Elite |
20-Apr-2018 15:11
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Based on the presentation, it' s not Rights Issue, but it' s Preferential Offering that may be offered. The price dropped today by 2 cts from 1.09 to 1.07 now,... MKt does not seem to ' like this' acquisition. | ||||
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Goldfinger
Supreme |
20-Apr-2018 11:26
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Hope its Rights at big discount and not share placement at Big discount!!! | ||||
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halleluyah
Supreme |
20-Apr-2018 09:49
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Tis babe bot 21 europe properties ( 17 properties in gernany & 4 in netherlands) frm fraser property.... | ||||
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halleluyah
Supreme |
19-Apr-2018 16:27
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hope to see re testing 1.12 when nearer to div.... | ||||
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halleluyah
Supreme |
18-Apr-2018 13:18
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collected fr coming div...estimate results on 4th May.... | ||||
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SimpleTrade
Senior |
16-Apr-2018 23:17
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IMHO, I take bro chengwh1 still holding this reit as a sign that it is not that "difficult" and confidence.
All reits will have to face the rising interest rate, the worst hit will be those having assets/properties in the US region . FED confirmed to have another 2 and even 3 interest rate raise. So far flit has been prudent in borrowing and not rushing to acquire more assets. quite happy with the dpu distributed so far. if we dont have confident in the reit mgr, we shld not be holding on to the share. |
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chengwh1
Elite |
16-Apr-2018 19:36
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Not necessarily difficult for me though it might be difficult for the REITs. Reason being my average Buy price is very low,... I can still withstand price drops,...
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