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Allanboy Member	24-Apr-2018 23:48        Allanboy About Contact  Quote this Post!
x 0   x 0  Alert Admin	1 for every 2 means I have to fork out quite princely sum for the right issues. Faint ..... SimpleTrade      ( Date: 24-Apr-2018 23:33) Posted: The funding for this round is quite substantial and my guess is 1 for 3 will be more likely and may even be 1 to 2.
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SimpleTrade Senior	24-Apr-2018 23:33        SimpleTrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	The funding for this round is quite substantial and my guess is 1 for 3 will be more likely and may even be 1 to 2.
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Goldfinger Supreme	24-Apr-2018 23:32        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	If It?s a rights issue - you will have to pay for the shares if you exercise the rights. tehpeng      ( Date: 24-Apr-2018 22:42) Posted: Hmm. I am abit confused. Does that mean that a normal shareholder like me holding e.g. 4500 shares would be entitled to getting e.g. 900 shares in this placement? Thank you! Goldfinger      ( Date: 24-Apr-2018 22:25) Posted: estimates are 1 for 3 or 1 for 5. I suspect it?s gonna be 1 for 5 with a share placement to match
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tehpeng Member	24-Apr-2018 22:42        tehpeng About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Hmm. I am abit confused. Does that mean that a normal shareholder like me holding e.g. 4500 shares would be entitled to getting e.g. 900 shares in this placement? Thank you! Goldfinger      ( Date: 24-Apr-2018 22:25) Posted: estimates are 1 for 3 or 1 for 5. I suspect it?s gonna be 1 for 5 with a share placement to match. SimpleTrade      ( Date: 24-Apr-2018 22:06) Posted: No, nothing mentioned abt pref share offer ratio.
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Goldfinger Supreme	24-Apr-2018 22:25        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	estimates are 1 for 3 or 1 for 5. I suspect it?s gonna be 1 for 5 with a share placement to match. SimpleTrade      ( Date: 24-Apr-2018 22:06) Posted: No, nothing mentioned abt pref share offer ratio.
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SimpleTrade Senior	24-Apr-2018 22:06        SimpleTrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	No, nothing mentioned abt pref share offer ratio.
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chengwh1 Elite	24-Apr-2018 17:40        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tq to Simpletrade for checking with their IR on that variance,... I hve looked through the Circulars for the coming EGM. I could not find the ratio to be given out for the EFR, but the price of each New Unit is almost certain to be at $1.00 ea. Is is going to be at 1 Offered at  3 Held ?
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Goldfinger Supreme	23-Apr-2018 09:28        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Eurozone still under Quantitative Easing, although looks to be ending soon perhaps. Good if they borrow as much as possible with Euro rates. SimpleTrade      ( Date: 23-Apr-2018 09:22) Posted: Oh, another thing is the hedging is done semi annually. So , Q2 rate shld be fixed. Eurozone shld have low borrowing rate. right now ?
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SimpleTrade Senior	23-Apr-2018 09:22        SimpleTrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oh, another thing is the hedging is done semi annually. So , Q2 rate shld be fixed. Eurozone shld have low borrowing rate. right now ?
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Goldfinger Supreme	23-Apr-2018 09:09        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Resourceful and thanks for sharing. So, its assumption of existing debt then.  But, this also means that the equity fund raising could be for the entire rest of the amount. Or even for part of the existing debt as well, if suitable facilities cannot be found or rates are exhorbitant (unlikely for the Eurozone debt). SimpleTrade      ( Date: 23-Apr-2018 08:57) Posted: I got reply from FLIT. 262.7mil existing debt facilities. RE: Enquiry on Investor queries Thank you for your enquiry. The variance between the purchase consideration of ?316.2m and Property Purchase Price of ?596.8m is mainly due to adjustments made in relation to: 1) The estimated net assets and liabilities of the holding entity for the 21 properties (termed the ?Dutch Target Company), which includes #### existing debt facilities of the property holding companies of the German & Dutch properties, to be assumed by FLT amounting to approximately ?262.7 million ##### 2) The Property Purchase Price is calculated based on 100% interest in each of the New Properties and on the basis of the completion of the committed asset enhancement works (where applicable). For the German properties, there are some minority interests which are not being acquired, and accordingly, not included in the purchase consideration Detailed information in relation to this are also contained in the acquisition announcement (https://flt.frasersproperty.com/newsroom/20180420_070803_NULL_JL3ZQVOOG1NDWIR5.1.pdf) , Page 3, Section 2.2. Information in relation to the effective interests held can be found in the appendix section, Pages 21 ? 2
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SimpleTrade Senior	23-Apr-2018 08:57        SimpleTrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	I got reply from FLIT. 262.7mil existing debt facilities. RE: Enquiry on Investor queries Thank you for your enquiry. The variance between the purchase consideration of ?316.2m and Property Purchase Price of ?596.8m is mainly due to adjustments made in relation to: 1) The estimated net assets and liabilities of the holding entity for the 21 properties (termed the ?Dutch Target Company), which includes #### existing debt facilities of the property holding companies of the German & Dutch properties, to be assumed by FLT amounting to approximately ?262.7 million ##### 2) The Property Purchase Price is calculated based on 100% interest in each of the New Properties and on the basis of the completion of the committed asset enhancement works (where applicable). For the German properties, there are some minority interests which are not being acquired, and accordingly, not included in the purchase consideration Detailed information in relation to this are also contained in the acquisition announcement (https://flt.frasersproperty.com/newsroom/20180420_070803_NULL_JL3ZQVOOG1NDWIR5.1.pdf) , Page 3, Section 2.2. Information in relation to the effective interests held can be found in the appendix section, Pages 21 ? 2
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SimpleTrade Senior	22-Apr-2018 21:26        SimpleTrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	haha yes i m refering to 5 pref to 1 share. Anyway this reit is expanding at a hypersonic speed, and the sponsor still have tonnes of pty on hand. Pretty soon this will be another Ascendas reit.
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chengwh1 Elite	22-Apr-2018 20:56        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro,.. of course, the REIT is aceptable,.. otherwise, they won' t dare to give Pref Offerings too,.... nobody would take-up. 1-to-5,...means 1 pref unit for 5 units in-hand ? Too little, bro,... at least for every 3 in hand, give one at discounted price of $1,... I hoped you are not thinking of getting 5 at discounted price for every one held in hand,...lol,... Then our dilution will blow through the roof. SimpleTrade      ( Date: 22-Apr-2018 20:41) Posted: Hopefully they hedge it for the entire yr I think.we will know pretty soon how the placement like. . the key thing is, the reit must be in good hand, or else they give you 1 to 5 at cheap price you dare to take ?
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SimpleTrade Senior	22-Apr-2018 20:41        SimpleTrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hopefully they hedge it for the entire yr I think.we will know pretty soon how the placement like. . the key thing is, the reit must be in good hand, or else they give you 1 to 5 at cheap price you dare to take ?
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chengwh1 Elite	22-Apr-2018 18:52        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Normally, the hedging is done in a forward manner for 4 quarters, ie for the whole year, right ? Hence, 1 quarter of weakening should not affect the dpu,... I hoped the New Unit price is at $1 or lower, and we will get at least a 1-to-3 ratio,.. better still if 1-to-2 ratio. I won' t ask for more,... SimpleTrade      ( Date: 22-Apr-2018 18:04) Posted: No, no egm date announced yet. The other thing is, I think the coming quarter diatribution might be affected by the weaken aussie dollar. Currently the ezchange rate is like 1 to 1 . Not sure have they made the forex rate earlier.
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SimpleTrade Senior	22-Apr-2018 18:04        SimpleTrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	No, no egm date announced yet. The other thing is, I think the coming quarter diatribution might be affected by the weaken aussie dollar. Currently the ezchange rate is like 1 to 1 . Not sure have they made the forex rate earlier.
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chengwh1 Elite	22-Apr-2018 17:14        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hehe,... sure bro,.... most probably I' ll be attending,... they have not decided in the date, right ? SimpleTrade      ( Date: 22-Apr-2018 16:24) Posted: You going to egm right? We task you this simple favor for the investors here....haha
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SimpleTrade Senior	22-Apr-2018 16:24        SimpleTrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	You going to egm right? We task you this simple favor for the investors here....haha
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chengwh1 Elite	22-Apr-2018 15:50        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	A simple question, if answered properly,  will help us understand the financial aspects of this acquisition better : what  are the differences between the Property Purchase Price of 596.8Mil Euros and the Purchase Consideration of 316.2Mil Euros ? SimpleTrade      ( Date: 22-Apr-2018 10:18) Posted: 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. Goldfinger      ( Date: 22-Apr-2018 09:42) Posted: But I thought their asset value increased by $1billion so the rest is assumption of debt.
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Goldfinger Supreme	22-Apr-2018 10:44        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	It could be assumption of existing debt - but the corporate finance experts can comment. SimpleTrade      ( Date: 22-Apr-2018 10:18) Posted: 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. Goldfinger      ( Date: 22-Apr-2018 09:42) Posted: But I thought their asset value increased by $1billion so the rest is assumption of debt.
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