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kukujiao Member	24-May-2018 21:30        kukujiao About Contact  Quote this Post!
x 0   x 0  Alert Admin	May I know what is the implication by " non renounceable" ? If it' s extra shares that cannot be traded / sold, then what is the point  .. sorry first time came across so this is new to me..
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SimpleTrade Senior	18-May-2018 10:53        SimpleTrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, what you say was also being discusssed previously in this thread. Again， i like to say, whether non renouceable or not, the most important is having a good reit mgmt.
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pirateboy Member	18-May-2018 09:59        pirateboy About Contact  Quote this Post!
x 0   x 0  Alert Admin	yeah, unfortunately this was done also for ESR and now for FLI and again for US Manulife next week. Given the market, I think the rights and mother share prices would have been under great pressure and could end up unsubscribed if they were made renounceable. Then again it would have been a great time for astute investors. duh. SimpleTrade      ( Date: 18-May-2018 08:48) Posted: This is so called non renounceable preferential share offering. You are given the rights to subscribe additional shares, however your ?rights? are not transferable, hence ?non renouceable?. There is no rights issued that you can trade on sgx .
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SimpleTrade Senior	18-May-2018 08:48        SimpleTrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is so called non renounceable preferential share offering. You are given the rights to subscribe additional shares, however your ?rights? are not transferable, hence ?non renouceable?. There is no rights issued that you can trade on sgx .
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Clipper Member	18-May-2018 03:44        Clipper About Contact  Quote this Post!
x 0   x 0  Alert Admin	I understand that the document will be sent out to unit holders on 23 May. You can fill in form to subscribe up to the maximum of your allotment, and mail back. There should be clear instructions in the 23 May documents. This is NOT a rights issue, so as unit holders, we cannot have the option to ' sell the rights' if we choose not to subscribe for the prefential offering (please see the annoucement on May 9 or was it May 10). I think the best way for unit holder is to subscribe since it is at $0.967 per unit. canalrat      ( Date: 17-May-2018 21:43) Posted: Sorry newbie here. May i know how to subscribe to the rights? Will receive any notification?
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halleluyah Supreme	17-May-2018 22:58        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	Go atm...23 May at 9am till 1 June at 5pm... canalrat      ( Date: 17-May-2018 21:43) Posted: Sorry newbie here. May i know how to subscribe to the rights? Will receive any notification?
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pirateboy Member	17-May-2018 22:23        pirateboy About Contact  Quote this Post!
x 0   x 0  Alert Admin	I thought that rights subscription is only via ATM, and not internet banking. IB only for IPOs so far. Am I wrong?
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SimpleTrade Senior	17-May-2018 22:05        SimpleTrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wait for the official annoucement regarding the rights , then u can apply it through atm or internet banking. They will send the letter also.
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canalrat Member	17-May-2018 21:43        canalrat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sorry newbie here. May i know how to subscribe to the rights? Will receive any notification?
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Clipper Member	17-May-2018 18:41        Clipper About Contact  Quote this Post!
x 0   x 0  Alert Admin	The price swing in the last 10 days is ' big' . ​ I suppose it is best we subscribe to the preferential offering at $0.967 (price is fixed now) since it is ' in the money' compared to today' s share price. Vested. chengwh1      ( Date: 14-May-2018 16:41) Posted: Judging from the last few sessions of trading,... I think FLT' s fundamentals remained very well intact,... NO issue at all,.... glad to be here,....
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chengwh1 Elite	14-May-2018 16:41        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Judging from the last few sessions of trading,... I think FLT' s fundamentals remained very well intact,... NO issue at all,.... glad to be here,....
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SimpleTrade Senior	11-May-2018 14:35        SimpleTrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	now everybody so confident of FLT . hehe
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chengwh1 Elite	11-May-2018 14:01        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Depreciation of the AUD vs the SGD is not arguable,.. this is true. However, for the EUro vs the SGD, we can refer to a recent quarterly report, the Press Release of IREIT Global as below. Some  notable pointers :- 1) ' Distribution per Unit (DPU) for the quarter came in at 1.46 Singapore cents (&euro 0.90 cents), 1.4% higher than the corresponding period last year. This was mainly lifted by more favourable average foreign currency exchange rates between the Euro and Singapore dollar in respect of the DPU for the period. ' 2) The DPU in Singapore dollars was computed after taking into consideration the forward foreign currency exchange contracts entered into to hedge the currency risk for distribution to Unitholders and is for illustrative purpose only. IREIT makes distributions on a semi-annual basis based on its half-yearly results and the next distribution will be for the period from 1 January 2018 to 30 June 2018. In Euro terms, the dpu dropped y-o-y. BUT : In SGD terms, the dpu rose y-o-y. I think no worries for FLT,... the mgmt can do the same.....   halleluyah      ( Date: 10-May-2018 15:11) Posted: a bit worried of the depreciation of aud n eu too... chengwh1      ( Date: 10-May-2018 15:04) Posted: Hmm,... bros,... the New Unit price here is below $1.00. According to the earlier documents, if the New Unit price is below $1.00, this cquisition is no more dpu-accretive. Isn' t this  a problem, or did I miss something
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chengwh1 Elite	11-May-2018 13:33        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	In short : Yes, because the period for the ' remainder' distribution payout  is shorter, BUT NOT REALLY because of the higher number of units,.. we must be able to tell this difference ! BBBulll      ( Date: 10-May-2018 20:41) Posted: Ohh ok, I get it, thanks! So the next distribution declared will be less right? Since it minus off the advance distribution for that quarter? Marko1975      ( Date: 10-May-2018 20:32) Posted: This one is to cover from apr 1st to the date ard may when new placement and etc are out.. at that time the dpu must be divided by new total units.. so to make it fair for existing unitholders, the apr1st to may income was distributed in advamced to EXISTING unitholder
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chengwh1 Elite	11-May-2018 13:28        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sorry for the late reply, bro,... There are many assumptions that brought about the 0.03c increase. I think you can see from the Sensitivity analysis on pg 102 of the circular. Another assumption from the same table is that the number of units to be raised is 493.6mil. In the EFR Exercise yesterday and two days ago, the average price for each New UNit would be approx 0.97c. BUT : the number of New Units raised is ONLY 485.1mil units, being lower than 493.6mil units. Hence, net-net from here would be,.. I estimate,... an increase of 1.2% from 1.80c achieved in Q1 FY2018. Don' t know abt the EPS increase,... did not analyse this,.... hckoh611      ( Date: 10-May-2018 15:35) Posted: Bro, sorry I m not expert. I thought the 0.03cts increase is based on assumption of $1 per share. If rental income remain the same, yield or EPS should be better right? I could b wrong, hope u can point out to me. Thanks. chengwh1      ( Date: 10-May-2018 15:04) Posted: Hmm,... bros,... the New Unit price here is below $1.00. According to the earlier documents, if the New Unit price is below $1.00, this cquisition is no more dpu-accretive. Isn' t this  a problem, or did I miss something
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halleluyah Supreme	11-May-2018 09:29        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cimb tp 1.24....Ocbc tp 1.21....
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BBBulll Senior	10-May-2018 20:41        BBBulll About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ohh ok, I get it, thanks! So the next distribution declared will be less right? Since it minus off the advance distribution for that quarter? Marko1975      ( Date: 10-May-2018 20:32) Posted: This one is to cover from apr 1st to the date ard may when new placement and etc are out.. at that time the dpu must be divided by new total units.. so to make it fair for existing unitholders, the apr1st to may income was distributed in advamced to EXISTING unitholders BBBulll      ( Date: 10-May-2018 19:56) Posted: What is the advanced dividend for? How come have
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Marko1975 Elite	10-May-2018 20:32        Marko1975 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This one is to cover from apr 1st to the date ard may when new placement and etc are out.. at that time the dpu must be divided by new total units.. so to make it fair for existing unitholders, the apr1st to may income was distributed in advamced to EXISTING unitholders BBBulll      ( Date: 10-May-2018 19:56) Posted: What is the advanced dividend for? How come have
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BBBulll Senior	10-May-2018 19:56        BBBulll About Contact  Quote this Post!
x 0   x 0  Alert Admin	What is the advanced dividend for? How come have
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hckoh611 Member	10-May-2018 15:35        hckoh611 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro, sorry I m not expert. I thought the 0.03cts increase is based on assumption of $1 per share. If rental income remain the same, yield or EPS should be better right? I could b wrong, hope u can point out to me. Thanks. chengwh1      ( Date: 10-May-2018 15:04) Posted: Hmm,... bros,... the New Unit price here is below $1.00. According to the earlier documents, if the New Unit price is below $1.00, this cquisition is no more dpu-accretive. Isn' t this  a problem, or did I miss something ? hckoh611      ( Date: 10-May-2018 09:14) Posted: This morning announced advance distribution of 0.69cts dividend for month of April to Mid May 2018. Private placement of ~333millions share @ 0.987 per unit oversubscribe by 3.9 times. A  pro rata and non-renounceable preferential offering (the &ldquo Preferential Offering&rdquo ) of 152,153,437 New Units (the &ldquo Preferential Offering New Units&rdquo ) on the basis of one New Unit for every 10 existing units in FLT (the &ldquo Existing Units&rdquo ) (fractions of a New Unit to be disregarded) to be held as at 5.00 p.m. on Friday, 18 May 2018 (the 2 &ldquo Books Closure Date&rdquo ) to Eligible Unitholders (as described in paragraph 7 below) at an issue price of between S$0.942 and S$0.967 per New Unit (the &ldquo Preferential Offering Issue Price Range&rdquo ) to raise gross proceeds of approximately between S$143.3 million and S$147.1 million. Thanks to the lady that pressed the CEO on making sure the unit offer to the unit holder must be lower than the private placement during the EGM. CEO kept the promise and i think is good deal for existing unit holder
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