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Netlink Trust IPO
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investshare
Supreme |
11-Jul-2017 11:05
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I think possible.
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MarcPh
Senior |
11-Jul-2017 10:57
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Will there be any extraordinary dividends for Singtel for the Netlink Trust IPO and $1.1bio debt repayment from Netlink Trust
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chengwh1
Elite |
10-Jul-2017 15:16
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Studied the prospectus closely,... the price need to drop to at least 70 cts per unit for this counters to be ' yield-valuable' ,.... Shorting it down after opening ? | ||||
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KiLrOy
Elite |
08-Jul-2017 23:20
Yells: "I buy only what I can see." |
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cash vs debt scares me a little though loan taken is quite stable. Y-o-Y net income forecasted to drop. PE based on 2017 is higher than its peers. | ||||
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MarcPh
Senior |
08-Jul-2017 18:21
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Earlier, Netlink Trust projected to raise up to S$2.7bio. Of which, $1.1bio is for debt repayment to Singtel and being a 100% shareholder, Singtel had a $60mio dividend based on last Annual Report. Now, at S$0.81 per share, Singtel offloaded 75% stake in Netlink trust for S$2.3bio ($400mio less). Netlink Trust' s market cap upon listing is appx $3.1bio + potential overallotment option. Singtel has a $63bio market cap. $400mio is almost equivalent 0.6%. Singtel already dropped 0.5% on last trading day, assuming insiders priced in the IPO price. So, let' s take clue from the market - If Singtel drops further by 1% on Monday, it is likely that the offered IPO price is fair. - If Singtel stays unchanged or higher on monday, it hints that $2.3bio for 75% stake in Netlink Trust is a windfall for Singtel. |
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sengsk
Elite |
08-Jul-2017 17:30
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May have opportunity to short | ||||
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Invest_newbie
Member |
08-Jul-2017 16:42
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My first ipo, any seniors can share whether this is a good buy? Was reading this website (which has a preliminary prospectus) and have some questions: http://www.smallcapasia.com/all-you-need-to-know-about-netlink-trust-ipo/ 1) Earnings per unit was 1.04 in 2016, 2.06 in 2017, projected 1.14 in 2018, 1.70 in 2019 At $0.81 per unit, this is a P/E ratio of 39.3 in 2017 if no price change in 2018, P/E ratio = 71 (S$0.81/0.0114) What companies can i compare this ratio to, is this high for this industry? 2) 2018 Dividend was calculated as 2.93cents. How is this possible/sustainable given an expected earning of 1.14? 3) Netlink trust currently has a debt of 1.6 billion? Will this be paid off with funds from the IPO, or has this debt been calculated into the share price/future earnings projection? Dunno if i have my numbers right, can anyone with knowledge of the matter confirm or correct? |
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MarcPh
Senior |
07-Jul-2017 22:45
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$0.81 according to Reuters https://www.reuters.com/article/us-netlink-trust-ipo-idUSKBN19S1H6
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chengwh1
Elite |
06-Jul-2017 11:39
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Yes bro,.... can someone share the prospectus here please ? Or a link please ? Thank you,.... | ||||
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investshare
Supreme |
05-Jul-2017 20:54
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The higher the better for SingTel shareholders.
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chengwh1
Elite |
05-Jul-2017 18:32
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Should know the IPO price by coming Friday morning,.... then we decide if worthy to apply or not. I suspect the price will be in the upper section of the price range, ie 92 Cts.
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mepkoh
Elite |
05-Jul-2017 09:55
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lousy sentiment in sgx,,, ipo always makes offeror rich.. too rich for me..billions in the offer...no fighting n elbowing to get shares means..no thanks |
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investshare
Supreme |
05-Jul-2017 09:41
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Should announce by now?
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chengwh1
Elite |
04-Jul-2017 17:41
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Maybe those investors eyeing this IPO wants to unload immediately upon listing, hoping to make a quick buck when this counter goes to board. Nobody actually wants to keep this stock,.... I recalled the experiences gained in my observation of Manulife UR REIT last year,... book-building at 83 US Cts, listed, then DROPPED to 79 US Cts on the first few days. I have one regret though from that experience - I did not load-up at 79 US Cts last year,... I kept observing and observing,.... today, we know where Manulife US REIT is at,..... |
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chengwh1
Elite |
04-Jul-2017 17:36
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As I keep surfing the net for more infos about this IPO,... I re-read again the posting below. I saw only 4% yield at the IPO price,... and IMDA reviews NetLInk' s prices every three to five years,... hmm, really doesn' t appeal at all,.... frankly, why do publications everywhere keeps saying this IPO is hot, hot, hot ?????????
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MarcPh
Senior |
03-Jul-2017 10:23
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i concur. 1. I heard books-building began. Based on the yields and revenue projection, one can easily find Bonds, Reits or business trusts, of similar returns. If we want a clearer picture, enter after the first or second AGM but market will price-in everything for you by then. 2. Whether it trades at a premium or discount against IPO price, it depends whether they price at at 80ish or 90ish. 3. Given similar business/dividend model, I will choose HPH Trust (as they had sufficient written-off their assets in recent years). This company faces significant asset amortisation and some pricing is at the mercy of IDMA.
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ganyun
Member |
03-Jul-2017 09:46
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IPO opens on 10th July to 17th
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happyharvest
Elite |
03-Jul-2017 03:01
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they wish to earn revenue by providing data services. data is the new oil
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happyharvest
Elite |
03-Jul-2017 02:59
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lousy stock but manipulators will pump this stock to show that it is not a lousy stock 
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SgTrader17
Elite |
02-Jul-2017 23:13
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When will this IPO close? Is it already out or Not yet?
Any valuations on it? Kindly share. |
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