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div 7.821%....bery yummy....next wk abv one lollar....
is heading abv $1.00...logistic will be doing gd as u still need to store yr goods....cheap cheap to collect...
Yes bro,... read something abt court approval to officiate this merging. This is the latest development. Shld be moving thru successfully soon.
john_ric ( Date: 01-Apr-2020 23:42) Posted:
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merging with fraser comm trust soon right??
To be announced.
halleluyah ( Date: 01-Apr-2020 10:04) Posted:
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how much is the div fr tis mth??
soon will be back to abv $1 level...its below ipo px of 89ct....freehold prop....
down 12 percent..picked some..unwarranted
halleluyah ( Date: 16-Mar-2020 15:36) Posted:
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long some....back to ipo px....div 6.667%....freehold....
There is strong buying before the DJ started to freefall .
Now it just fell to 1.12. Still sticking to plan to merge ?
Now it just fell to 1.12. Still sticking to plan to merge ?
M& A
FLT, FCOT unitholders vote overwhelmingly in favour of merger to create $5.7 bil behemoth
Uma Devi 11/03/2020, 8:14pm
SINGAPORE (Mar 11): The unitholders of both Frasers Logistics Trust (FLT) and Frasers Commercial Trust (FCOT) have approved the proposed merger of the two entities for a price tag of $1.54 billion.
The total consideration for the proposed merger comprises $138.1 million in cash and some 1,128.1 million consideration units.
The deal would see FCOT unitholders receive $1.68 for each FCOT unit held at the REIT&rsquo s books closure date. This constitutes 15.1 cents per unit in cash and 1.233 new FLT units at an issue price of $1.240 per unit, representing a gross exchange ratio of 1.355 times.
In separate extraordinary general meetings on Wednesday, both REITs had called for a vote on the merger proposal. The duo had also called for trading halts prior to market open.
For FLT, some 99.85% of unitholders voted for the merger, while 98.61% of FCOT&rsquo s unitholders were in favour of the merger.
The merger, which was first announced in December last year, would see FLT acquire all units of FCOT in exchange for a combination of cash and new units in FLT.
The REIT managers had also said that the merger would create an enlarged REIT with a total portfolio worth a total of $5.7 billion. The merged entity was also slated to be one of the top 10 largest S-REITs by market capitalisation, with greater index representation on the FTSE EPRA/NAREIT Index.
See: Frasers Logistics & Industrial Trust to acquire Frasers Commercial Trust for $1.54 bil in proposed merger
See: FLT, FCOT eye merger as growth stalls in Australia and Europe while mark-to-market issues surface
Back in December, the managers of both FLT and FCOT had lauded the merger as one that would boost the capabilities of both REITs by boosting growth and delivering value to shareholders.
&ldquo The merger will be a win-win transaction for both FLT and FCOT unitholders, delivering DPU accretion and greater growth prospects,&rdquo said Robert Wallace, chief executive officer of FLT&rsquo s manager.
&ldquo It enhances our financial capacity and flexibility to pursue acquisitions through our expanded mandate and a right of first refusal (ROFR) pipeline in excess of $5.0 billion,&rdquo added Wallace.
Jack Lam, CEO of FCOT&rsquo s manager had termed the merger a &ldquo transformational&rdquo one for both parties, allowing the REITs to tap on each other&rsquo s strengths to create a more resilient and diversified platform.
&ldquo With the combined portfolio, we will be able to unlock synergies and explore new opportunities in the logistics, industrial and commercial sectors,&rdquo added Lam.
In conjunction with the proposed merger, FLT had also announced the proposed acquisition of 50% interest in Farnborough Business Park (FBP) from a wholly-owned subsidiary of its sponsor Frasers Property for an estimated price tag of £ 90.1 million ($157.7 million).
FBP is a 46.5 ha freehold high-quality business park located in the Thames Valley in the United Kingdom. It reportedly has a net lettable area of approximately 50,882 sqm, committed occupancy rate of 99.1% and weighted average lease expiry (WALE) of 6.8 years as at end-September 2019.
The acquisition was also put forth at the extraordinary general meeting. 99.76% of FLT unitholders had voted in favour of the4 acquisition.
Units in Frasers Logistics Trust and Frasers Commercial Trust closed flat at $1.23 and $1.62 respectively on Wednesday.
https://www.theedgesingapore.com/news/ma/flt-fcot-unitholders-vote-overwhelmingly-favour-merger-create-57-bil-behemoth
https://www.theedgesingapore.com/news/ma/flt-fcot-unitholders-vote-overwhelmingly-favour-merger-create-57-bil-behemoth
Bro,... what I posted yesterday to reply you disappeared.
I' ll type it again now : well,... the net effect will soon be seen since our new PM truly wants to complete Brexit without waiting anymore.
Even if it' s going to be a No-Deal Brexit,... looks like he' s willing to go with this too.
I' ll type it again now : well,... the net effect will soon be seen since our new PM truly wants to complete Brexit without waiting anymore.
Even if it' s going to be a No-Deal Brexit,... looks like he' s willing to go with this too.
Goldfinger ( Date: 17-Dec-2019 23:44) Posted:
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There will still be firms that set up in the UK to access the UK market. So, there could be some movement to the outskirts and other parts of the UK. I think Oxley, with properties in suburban London and Dublin, may be a beneficiary of this.
chengwh1 ( Date: 16-Dec-2019 15:33) Posted:
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actually if we refer to the presentation slides, post merger, the DPU is ~7.38c, so on $1.19, that is ~6.2%, pretty decent
spore1 ( Date: 17-Dec-2019 15:19) Posted:
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Jeep a bit at 1.19. Yield at 5.9% not bad !
Goldfinger ( Date: 16-Dec-2019 11:50) Posted:
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Tks bro,... I was carrying the impression earlier that many businesses and international operations would be moving out of The UK due to Brexit. Rental properties would be forced to renew rental at a lower reversion rate,....
Goldfinger ( Date: 16-Dec-2019 11:50) Posted:
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https://www.google.com/amp/s/www.telegraph.co.uk/politics/2019/12/14/eu-dangles-hope-broad-trade-deal-exchange-softer-brexit/amp/
"EU dangles hope of broad trade deal ..."
"EU dangles hope of broad trade deal ..."
https://www.google.com/amp/s/www.marketwatch.com/amp/story/guid/021FEFE4-1D74-11EA-A37B-63BB81D511AD
"MASSIVE NEW TRADE DEAL"
"MASSIVE NEW TRADE DEAL"
Brexit = self determination = competitiveness ↗
They own UK business Parks there now right? So with Brexit - there could be increased demand for office space outside London given that uncertainty is diminished. City of London itself may see reduced demand due to relocation outside of London.
chengwh1 ( Date: 16-Dec-2019 11:21) Posted:
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