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Nearly 1 month after listing, it' s still on live support provided by UBS :
STABILISING ACTION IN RELATION TO THE OFFERING (THE " OFFERING" ) OF UNITS (" UNITS" ) IN CROMWELL EUROPEAN REAL ESTATE INVESTMENT TRUST (" CEREIT " )
Pursuant to Regulation 3A(13) of the Securities and Futures (Market Conduct) (Exemptions) Regulations 2006, we, UBS AG, Singapore Branch, the stabilising manager in respect of the Offering, hereby announce that we have, either as principal or through dealers on our behalf, purchased the following number of Units in CEREIT:
Date of purchases : 27 December 2017
Total number of Units purchased : 100,000
Price range of purchases : &euro 0.55 to &euro 0.55
STABILISING ACTION IN RELATION TO THE OFFERING (THE " OFFERING" ) OF UNITS (" UNITS" ) IN CROMWELL EUROPEAN REAL ESTATE INVESTMENT TRUST (" CEREIT " )
Pursuant to Regulation 3A(13) of the Securities and Futures (Market Conduct) (Exemptions) Regulations 2006, we, UBS AG, Singapore Branch, the stabilising manager in respect of the Offering, hereby announce that we have, either as principal or through dealers on our behalf, purchased the following number of Units in CEREIT:
Date of purchases : 27 December 2017
Total number of Units purchased : 100,000
Price range of purchases : &euro 0.55 to &euro 0.55
Cromwell European REIT IPO Balloting result.
http://mystocksinvesting.com/singapore-stocks/cromwell-european-reit-singapore-stocks/cromwell-european-reit-cereit-ipo-balloting-result/
http://mystocksinvesting.com/singapore-stocks/cromwell-european-reit-singapore-stocks/cromwell-european-reit-cereit-ipo-balloting-result/
Haha. It probably will stay in this range for a while.
Berani ( Date: 01-Dec-2017 10:57) Posted:
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duno who go and buy up 0.57 this morning.
Now fall back to IPO price again
Now fall back to IPO price again
william6891 ( Date: 30-Nov-2017 17:44) Posted:
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REIT is not meant to be flipping.
wishbone ( Date: 30-Nov-2017 14:33) Posted:
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Agreed. Unless you are looking at long term, and looking for passive income and also to hedge against inflation, REIT will be a suitable candidate.
I attended the Manulife talk on Tuesday. They mentioned that the interest rate will only go up when the market is doing well. Even though the increase in interest rate might eats into the dpu, the possibility of rental upward revision is also there as the market is doing well, and that will offset the impact of increasse in interest rate. Again, the projected yield of 7.8% in 2018 and 8% in 2019 is really attractive. If the properties are there and able to be rented out, it will continue to give div that is way better than Fixed Deposit.
I attended the Manulife talk on Tuesday. They mentioned that the interest rate will only go up when the market is doing well. Even though the increase in interest rate might eats into the dpu, the possibility of rental upward revision is also there as the market is doing well, and that will offset the impact of increasse in interest rate. Again, the projected yield of 7.8% in 2018 and 8% in 2019 is really attractive. If the properties are there and able to be rented out, it will continue to give div that is way better than Fixed Deposit.
SimpleTrade ( Date: 30-Nov-2017 16:53) Posted:
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Not a good idea to speculate reits. Of course, no quick bucks for this.
wishbone ( Date: 30-Nov-2017 14:33) Posted:
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Walau! Even able to sell at this IPO price, also have to lose money for the broker' s fee.
Brokers laughing all the way to the bank.
Brokers laughing all the way to the bank.
SimpleTrade ( Date: 30-Nov-2017 14:11) Posted:
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Open at 0.55 euro
Actually 7.8% (2018) and 8% (2019) is actually quite good, and the P/B is at 1.038 (not really at premium).
From the ballot announcement yesterday, it seems that Temasek is also vested via placement through their 100% holding company " SeaTown Master Fund" . Furthermore, Europe is ending their QE, and Euro will most likely go up in mid/ long term. SGD/USD dropped to a low of 1.2 but has climbed to current 1.34 (high of 1.45) since they stopped QE. However, as this is REIT, it' s not for short term.
From the ballot announcement yesterday, it seems that Temasek is also vested via placement through their 100% holding company " SeaTown Master Fund" . Furthermore, Europe is ending their QE, and Euro will most likely go up in mid/ long term. SGD/USD dropped to a low of 1.2 but has climbed to current 1.34 (high of 1.45) since they stopped QE. However, as this is REIT, it' s not for short term.
Get ready fpr below water.
Wonder if the over allotment of 45.5mil shares will reduce projected dpu 😕
Anythin other than reits will be hot during this ipo period. reits are not speculative in nature.
nqing87 ( Date: 29-Nov-2017 23:26) Posted:
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food counters are highly value in sg in terms of p/e ratio.. in singapore, ppl give a high valuation on food/education/healthcare/entertainment related counters
I think people expects this reit to be traded like kep-kbs . So, not many people apply .
3.1 times subscribed only
tcshares ( Date: 29-Nov-2017 20:27) Posted:
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applied 100. got 63
This one apply sure get.
Anyone knows whether the distribution is bi-annual or quarterly. Tq.
Looks pretty good this time 😞