| Latest Forum Topics / CromwellReit EUR |
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Medtecs
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Subaru2018
Senior |
11-Sep-2019 08:22
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pressing 4 times a yr ? what do u mean?
so no more dividend until next mar ? |
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chengwh1
Elite |
11-Sep-2019 00:40
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Dividends ar paid half-yearly by this REIT, bro,... hence, payouts will only be announced when they announce the Half-Year (HY) and Full-Year (FY) Results. HY results are usually annpunced in August and FY results, in February. For Cromwell Euro REIT, they have paid out the divdiends in March and in July this year,.. All the REITs which are denominated in Euros and USDs pay out only twice per year. I have been ' pressing' for four times a year at every IPO but it has been to no avail.
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Subaru2018
Senior |
10-Sep-2019 17:48
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This one how come august result no dpu distributed ?
quarterly or half year ? |
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chengwh1
Elite |
21-Aug-2019 17:50
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Actually, bro,... any ctr out there is subjected to these ' manipulations' , since it' s public-listed and anybody can buy or sell it easily with a brokerage acct,... the thing that matters is what are the criterias that a ' manipulator' looks at in order to select the ctr to be manipulated like this,...
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Know-Your-Stuff
Senior |
21-Aug-2019 14:25
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No confident in this kind of reit like what the other writer wrote. The bank is playing (buy, sell, buy, sell...) to pump up the price then take profit. Make sure we don' t become their dinner. Like the Australian Babcock & Brown reit some years ago . I better stay away.
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chengwh1
Elite |
17-Aug-2019 20:51
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I think the next time when UBS buys, the sp will fall instead of rise,...
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Subaru2018
Senior |
17-Aug-2019 15:14
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Not only cromwell, ubs also did this to quite a few co.
I think that is their in house trading team. |
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chengwh1
Elite |
16-Aug-2019 18:50
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Bros,... this is happening AGAIN to Cromwell European REIT. I believed this has happened once before, and this was done by UBS too :- Reported on 6 August 2019 :- UBS Group became a substantial shareholder in Cromwell European REIT, with its deemed interest rising to 6.65 percent form 4.06 percent previously, the Swiss bank said in a filing to SGX Monday. That was after the bank acquired a security interest in 65.74 million units, the filing said. And then, reported on 16 August 2019 this morning :- UBS Group ceased to be a substantial shareholder of Cromwell European REIT after the disposal of 66.41 million units via an off-market transaction, the Swiss investment bank said in a filing to SGX Thursday. The deal brought UBS&rsquo deemed interest in the REIT to 3.85 percent, below the 5 percent threshold for being a substantial shareholder, from 6.46 percent previously, the filing said. Why did the Swiss bank, UBS go ' in and out' like this ? Are they trying to fiddle with the price movement ? |
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chengwh1
Elite |
27-Jun-2019 18:53
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Tq bro,... but this is the dislosure or filing from Cromwell and/or UBS Group. It does not say who the counter-party is,....
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prophetjul
Master |
27-Jun-2019 10:15
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https://cromwell.listedcompany.com/newsroom/20190626_181307_CNNU_SGR8WONZ25W5CHQ1.2.pdf
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chengwh1
Elite |
27-Jun-2019 07:05
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Announced this morning : UBS Group AG and her subsidiaries stopped to become substantial unitholders. Via Married deal,... But who is the Buying Party ? Why was this not disclosed ? | ||||
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chengwh1
Elite |
23-Jun-2019 13:14
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From Quartz, a reputatable publication, dated 19.6.2019  :- How much are central banks listening? Yesterday, Mario Draghi, the president of the European Central Bank, clearly opened the door to more stimulus. The ECB had already ruled out raising interest rates but now the central bank has indicated that cutting rates, or even restarting its massive QE program, which only ended in December, are both possibilities. &ldquo The risk outlook remains tilted to the downside, and indicators for the coming quarters point to lingering softness,&rdquo Draghi said at the ECB&rsquo s annual conference in Sintra, Portugal. &ldquo In the absence of improvement, such that the sustained return of inflation to our aim is threatened, additional stimulus will be required,&rdquo he added. The words reignited the bond market rally and sent yields on 10-year French government bonds below zero for the first time. Analysts at Commerzbank pushed forward their expectations for an ECB rate cut to next month, while Dankse Bank analysts said QE would be restarted by September. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- The above coming event should bode well for CEREIT with European assets and borrowings,...  hopefully,...   |
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Jamesbond007
Veteran |
22-Jun-2019 12:50
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Don' t feel comfortable with this reit. | ||||
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chengwh1
Elite |
22-Jun-2019 01:25
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In the first qtr reporting on 13.5.2019, the mgmt said many of the properties were acquired in January and February 2019. There were many new leases signed too. The full impact of all the actiosn above would be felt from Q2 onwards,... But looks to me now like the results for  Q2 is not really that encouraging too in spite of the aqcuisitions and new leases signed above.  The dpu is 1.03 Euro Cts only, being slightly higher only vs the Q1 dpu of 1.02 Euro Cts. 1.02 + 1.03 = 2.05 Euro Cts, the estimated dpu from the mgmt today. |
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prophetjul
Master |
21-Jun-2019 14:00
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SINGAPORE - Cromwell European Real Estate Investment Trust (Cromwell E-Reit) will buy six European freehold office properties - three in France and three in Poland - for 246.9 million euros (S$378.2 million), to be financed with a mix of debt and equity via a private placement. The acquisitions will strengthen the Reit' s portfolio, its manager said on Friday morning (June 21) before the market opened. For illustrative purposes, the manager also said the acquisitions are expected to increase the Reit' s 12-month distribution per unit (DPU) for calendar 2018 from 3.75 euro cents to 3.99 euro cents. Based on the independent valuation of each property, the purchase price for the three French assets is 78.1 million euros while that of the Polish assets is 168.4 million euros. The total cost of the acquisitions, including acquisition fees, real estate transfer tax and professional and other fees, is around 248.7 million euros. To fund the acquisitions, the manager intends to draw down loans from new debt facilities that are currently being established.  
 
It will also issue new units in Cromwell E-Reit via a private placement to raise gross proceeds of 100 million euros, which may be upsized by up to 50 million euros, the manager announced in a separate filing on Friday.  
Under the private placement, some 217 million new units will be issued to institutional and other investors, at between 46 euro cents and 47 euro cents per apiece. The issue price range represents a discount of 3.8-5.9 per cent to the adjusted volume weighted average price of 48.86 euro cents for trades in the units done on the Singapore Exchange on June 20. The placement is fully underwritten by the joint lead managers and underwriters, which are Credit Suisse (Singapore) and UBS AG, Singapore Branch. Cromwell E-Reit' s manager said the acquisitions mark its entry into the office property market in Greater Paris, a tier-one European capital city. The properties in France comprise three offices located in or near major business districts, such as Ivry-sur-Seine, La Dé fense, and Charles de Gaulle É toile. In aggregate, they have a net lettable floor area (LFA) of 33,786 square metres and a 95.9 per cent occupancy rate as at end-May. Their key tenants include Accenture, Interforum, and Regus. The Polish office acquisitions will increase its exposure to the country to 11.8 per cent by value. The Reit had earlier acquired two predominantly office properties in Warsaw in February 2019. The new properties comprise two offices in Krakó w, the second-largest city in Poland and an office property in Poznań . The Krakó w sites have an aggregate LFA of 34,295 sqm and a 100 per cent occupancy rate as at March 1. Their key tenants include BGŻ BNP Paribas, Motorola Solutions Systems, and UBS Krakó w. Together, the six assets are valued at 248.1 million euros. Their total purchase price of 246.9 million euros translates to 2,238 euros per square metre (sq m) including land value, well below their estimated replacement cost, said the Ret' s manager. They have a total net lettable floor area (NLA) of 110,348 sq m, a 98.7 per cent occupancy rate, and a 4.8-year weighted average lease expiry (WALE) profile as at March 31. They will be acquired at a net initial yield of 7.4 per cent, compared to the 5.8 per cent net initial yield of Cromwell E-Reit' s existing office assets. The Reit' s portfolio after the acquisitions will increase from 97 properties with an appraised value of 1.8 billion euros, to 103 properties with an appraised value of around 2 billion euros. Also, office properties will account for 62.1 per cent of the Reit' s portfolio' s value, and the proportion of freehold and ongoing leasehold assets in the portfolio will increase from 90.4 per cent to 91.6 per cent by valuation. The manager on Friday morning requested for a trading halt for Cromwell E-Reit, pending the release of the announcements. Units in Cromwell E-Reit last traded at 50.5 euro cents on Thursday, down 3.8 per cent, or two cents. |
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laksaman57
Supreme |
10-Jun-2019 09:39
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https://links.sgx.com/1.0.0/corporate-announcements/CUX34U5A6A0I2R4X/e58be79231f7772657e3168e1c33701e46b7432d4ffe368b5ca6b3dcbf0361a5
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chengwh1
Elite |
28-Feb-2019 16:51
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Well, in the latest results ann' t yesterday (for 4Q18 and FY18), their material KEPT SAYING the 22 newly-aquired props will start contributing to earnings in coming quarters, providing stable and recurring income. | ||||
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laksaman57
Supreme |
28-Feb-2019 09:08
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NAV @31Dec17 - 53.8cts
NAV @31Dec18 - 47.7cts |
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laksaman57
Supreme |
27-Feb-2019 23:35
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1-Jul to 31-Dec = 6 mths = 2H18 | ||||
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laksaman57
Supreme |
27-Feb-2019 23:32
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"Cromwell European Real Estate Investment Trust ("CEREIT") has announced a distribution of 1.57 cents (EUR) per unit in CEREIT for the period from 1 July 2018 to 31 December 2018, comprising a tax-exempt income component of 0.49 cents (EUR) per unit and a capital component of 1.08 cents (EUR) per unit."
http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=RSSAnnouncementToday&F=JS4MERWAZ52YFRBH&H=757c9d9e527344420cabff2ee279fc4cddbba4b84712a2dc8eb690b019be923c
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