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I must say this ctr did quite well after IPO, contrary to multiple opinions earlier. Closed at 0.720 GBP at yesterday close. Among my observed REITs and shares, only this REIT (+1.4%) and Netlink NBN Trust (+1.5%) closed in the green yesterday. All others closed in the red.
Let' s see next week.
Let' s see next week.
Correction to what was stated earlier : this IPO was 8.3 times over-subscribed and NOT 47 times. Subscription amount was 47+ million units.
Apologies for the mistake earlier,....
Apologies for the mistake earlier,....
47 times oversubscribed reported yesterday.
Quotation on exchange at 2 pm today,....
Quotation on exchange at 2 pm today,....
I will stay away. There are many other stocks that to be bought at attractive price
Quick summary of #EliteCommercialREIT
http://mystocksinvesting.com/singapore-reits/elite-commercial-reit/elite-commercial-reit-ipo-prospectus-summary/
http://mystocksinvesting.com/singapore-reits/elite-commercial-reit/elite-commercial-reit-ipo-prospectus-summary/
Cornerstone Tranche: c. GBP 52.9 mil (c. 40.3% - 44.3% of the Total Offering Size) committed by the following investors, in alphabetical order:
1. Bank of Singapore Limited (on behalf of one or more of its private banking clients)
2. CIMB Bank Berhad, Singapore Branch (on behalf of certain clients of its Private Banking Division)
3. UBS AG, Singapore Branch (on behalf of certain Wealth Management clients)
1. Bank of Singapore Limited (on behalf of one or more of its private banking clients)
2. CIMB Bank Berhad, Singapore Branch (on behalf of certain clients of its Private Banking Division)
3. UBS AG, Singapore Branch (on behalf of certain Wealth Management clients)
Prospectus has been release last Friday,... Download Link as below.
https://eservices.mas.gov.sg/opera/Public/CIS/ViewSchemeDetail.aspx?schemeID=500c7153fce646909d1eaf414599d9d8
Any matters that we can discussed, bros ?
Who are the cornerstone investors ?
https://eservices.mas.gov.sg/opera/Public/CIS/ViewSchemeDetail.aspx?schemeID=500c7153fce646909d1eaf414599d9d8
Any matters that we can discussed, bros ?
Who are the cornerstone investors ?
I believe questions abt shareholdings will be largely answered by the prospectus. Till now, I have not been able to locate the prospectus in Opera. Has this been lodged yet ?
what about the anchor investors? who are they?
Is the sponsor keeping a big share of the reit for itself?
Is the sponsor keeping a big share of the reit for itself?
I am not sure about the " reputation" of Sunway Group, if it is Mapletree instead then of course it is a big plus.
In general, I don' t like the GBP denominated counter, or other foreign currencies, although I have manulife reit which is USD. Specifically, I think it boils down to the fundamental strength of the reits. How strong is this?
I think all reits are created as " dumping" ground for the sponsors to recycle their capital, sell mature assets to reits and use the capital to develop and groom new developements.
In general, I don' t like the GBP denominated counter, or other foreign currencies, although I have manulife reit which is USD. Specifically, I think it boils down to the fundamental strength of the reits. How strong is this?
I think all reits are created as " dumping" ground for the sponsors to recycle their capital, sell mature assets to reits and use the capital to develop and groom new developements.
chengwh1 ( Date: 12-Jan-2020 09:51) Posted:
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Morning bro,...
As for pt 1., the GBPSGD dropped from 1.9553 to 1.6889 from mid-2016 till the third-qtr of 2016. I believed this is because of Brexit. Since mid-2016, the GBPSGD has been staying above this level til today. With Brexit abt to ' be concluded soon' , I carry the confidence that the GBPSGD will not drop further, let alone rise after this major event.
Yes, the tenant could be stable, but with a chg of gov' t, will there be changes in decisions on the Jobplus Centre occupying our premises ? One chg in policy and we lose ALL of our tenants. I heard of a narrative once by the tour guide (joined a city tour once in London), of the MI5 hq being moved to MI6 and the whole ex-MI5 bldg was left to rot.
Being FH is good - no disadvantages here.
To add-on, the properties here and the ' future pipeline' are all related to The Sunway Group of Msia. To me,... this is a risk. This group may want to start ' dumping into this REIT' . Don' t really know what their intention are,....
Any other comments towards my earler notable points, bro ?
As for pt 1., the GBPSGD dropped from 1.9553 to 1.6889 from mid-2016 till the third-qtr of 2016. I believed this is because of Brexit. Since mid-2016, the GBPSGD has been staying above this level til today. With Brexit abt to ' be concluded soon' , I carry the confidence that the GBPSGD will not drop further, let alone rise after this major event.
Yes, the tenant could be stable, but with a chg of gov' t, will there be changes in decisions on the Jobplus Centre occupying our premises ? One chg in policy and we lose ALL of our tenants. I heard of a narrative once by the tour guide (joined a city tour once in London), of the MI5 hq being moved to MI6 and the whole ex-MI5 bldg was left to rot.
Being FH is good - no disadvantages here.
To add-on, the properties here and the ' future pipeline' are all related to The Sunway Group of Msia. To me,... this is a risk. This group may want to start ' dumping into this REIT' . Don' t really know what their intention are,....
Any other comments towards my earler notable points, bro ?
subaru ( Date: 10-Jan-2020 12:45) Posted:
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Ho Lee Group
The Group also ventured into the development of commercial and residential properties either individually or with its business partners and had to date developed projects such as the Built-to-Order Mauser Factory in Tuas, Singapore, The Watercolour Executive Condominium, The Heron Bay Executive Condominium, to name a few. The Group was also one of the major sponsors of the Viva Industrial Trust during its IPO listing on the SGX in November 2013.
Today, Ho Lee Group consists of the following companies:
The Group also ventured into the development of commercial and residential properties either individually or with its business partners and had to date developed projects such as the Built-to-Order Mauser Factory in Tuas, Singapore, The Watercolour Executive Condominium, The Heron Bay Executive Condominium, to name a few. The Group was also one of the major sponsors of the Viva Industrial Trust during its IPO listing on the SGX in November 2013.
Today, Ho Lee Group consists of the following companies:
- Ho Lee Construction Pte Ltd
- Ho Lee Development Pte Ltd
- Ho Lee Plumbing Pte Ltd
- Ho Lee Machinery Pte Ltd
- Ho Lee Properties Pte Ltd
- HLMG Holdings Pte Ltd
- Ho Lee Industrial Pte Ltd
- Ho Seng Lee Construction Pte Ltd
- Ho Seng Lee Realty Pte Ltd
- Khai Wah Development Pte Ltd
- Logistics Engineering Pte Ltd
- Nuform System Asia Pte Ltd
- TPSC Asia Pte Ltd
- Wee Poh Construction Co. (Pte) Ltd
Bro, this is my thinking:
1. GBP-denominated, will GBP appreciate/the other way wrt SGD?
2. Stable tenant, because it is Government and 10 years.
3. FH
points 2 and 3 are good, I am not clear about 1. Any comments about point 1?
Can provide some details about Ho Lee group?
1. GBP-denominated, will GBP appreciate/the other way wrt SGD?
2. Stable tenant, because it is Government and 10 years.
3. FH
points 2 and 3 are good, I am not clear about 1. Any comments about point 1?
Can provide some details about Ho Lee group?
While waiting for the prospectus to be lodged on Jan 15 (next Wednesday), following are some notable points of this REIT :-
1) First GBP-denominated REIT listed in the SGX.
2) Porffolio valued at GBP320mil (SGD567mil), comprises 97 FH properties, all in The UK.
3) Approx 99% of properties by GRI is contributed by Jobcentre Plus (just One Main Tenant), a unit of the UK Government' s Dept for Work and Pensions.
4) Leases are on 10-year Full Repair and Insurance commitments with built-in rent uplifts, started on 1.4.2018 and ending on 31.3.2028.
5) Initial yield is expected to be between 6$ and 7%.
6) Sponsors are ex-founders of Viva Industrial trust (VIT), led by Ho Lee Group, as well as Msia' s Sunway Group.
Opinions, forummers ?
1) First GBP-denominated REIT listed in the SGX.
2) Porffolio valued at GBP320mil (SGD567mil), comprises 97 FH properties, all in The UK.
3) Approx 99% of properties by GRI is contributed by Jobcentre Plus (just One Main Tenant), a unit of the UK Government' s Dept for Work and Pensions.
4) Leases are on 10-year Full Repair and Insurance commitments with built-in rent uplifts, started on 1.4.2018 and ending on 31.3.2028.
5) Initial yield is expected to be between 6$ and 7%.
6) Sponsors are ex-founders of Viva Industrial trust (VIT), led by Ho Lee Group, as well as Msia' s Sunway Group.
Opinions, forummers ?