ManulifeReit USD    Last:0.055   -

Manulife US REIT IPO

There was an Advanced Dividend Payout of 3.20c back in Aug 31st.. This Adv Dvd payout is for the period  1.1.17 to 28.6.17. The declared dpu for 1H in the 1H report was 3.23c. Hence, the remainder amount was 3.23 - 3.20 = 0.03c.

The dvd ' declared' for the 3Q in this morning' s report was 1.60c. What happened to our remaining 0.03c, which should be paid out to us ? Has the 0.03c been included into the present 1.60c ? There' s no ann' t of such. Then what has become of our 0.03c per share which is still ours ? This should be the dvd collected for the last two days of June, 2017, ie 29.6 and 30.6, 2017.

 

As I am browsing the Press Release, saw the following observations :-

1) there was HEAVY dilution of the distributable income (DI) : Back in 1Q2017, the npi was 12.8Mil and the  dpu was 1.65c   back then,  MUST has not performed any acquisition yet upon listing. Today, after the Plaza was purchased and started contributing, the npi rose to 14.4Mil, BUT the dpu ' dropped' to 1.60c ONLY.
NPI Increased BUT DPU Decreased - sign of dilution, from the FIRST Private Placement done after acquiring the Plaza..

2) In all their comments, they keep comparing against their projected numbers at IPO. They are not comparing at all against the previous qtr performance. Projections could be easily ' adusted' to one' s needs,... I dug out the reports for Q1 and for Q2/1H which I have in my records to compare the performance,....

3) Referring to my records again, the gearing for period ended 31 March 2017 was at 34.2%. In this report, the gearing for period ended 30 September 2017 was at 33.1%, being a slight improvement only even after a Private Placement was done in that qtr.

Looking  into the above, I wonder how the reports would look like next year when this REIT starts to compare against a similar qtr one year earlier and against a previous qtr. Will there be more diution against the distributable income for this qtr after it made its second acquisition ?

 

good results...

 

Shareprice can hold after the rights are listed -- this is already an endorsement of the reit.

 

I have not read the report in details yet,.....But till now, the share price is not reflecting this ' good news' ,...  either the mkt is not reacting fast enough or the mkt in general does not think this result is up to expectations,....

 

results look good and we should be expecting more dividends....

 

Results out. DPU exceed projection by almost 10%

 

The report tomorrow morning will be important,... it would give some signals of how the recent acquisitions are doing,... and the effects on our dpu payout next year.... investors will take this opportunity to decide if they wished to shift over entirely  or to shift some over to KKR........

 

Most likely due to fed gonna hike int next mth as tis is US reit....

chengwh1      ( Date: 02-Nov-2017 18:58) Posted: Hmm,... price for this ctr has been falling today - signs that the 3rd qtr results to be released  tomorrow morning are not going to be good ???

 

Or people with new units decided to sell with some gain first.....

 

Hmm,... price for this ctr has been falling today - signs that the 3rd qtr results to be released  tomorrow morning are not going to be good ???

 

Has anybody received your USD  Refund Draft/Cheque ? It' s been a few days since trading of the new units started,....

 

Can I buy this counter with SRS?

 

I got Excess Units which is 7.2% of Entitled Rights, and 11% of total Excess applied. This Excess just helped me to round-up to the nearest 1000-unit board lot. NOTHING EXTRA ! Not good at all compared to the recent Mapletree Logistics Trust Pref Offering,.... Hence,............glad I did not buy more units prior to XRights just for the purpose of going after the Rights Units,...

...whereas for MLT,... I loaded-up prior to XRights Date.

Good decisions  for both,.... MOving-on to Keppel-KBS now.

subaru      ( Date: 26-Oct-2017 09:18) Posted: I got excess  shares which is   2.927% of entitled rights, and 2.03% of total excess applied. The percentage is very low, will incur FX loss  on the return fund.

 

sorry for amateur question but how do i check whether i got it or not? i don' t see anything on iocbc but my SRS money got deducted when i applied for it a couple of weeks back///

 

That is lucky of you. I don' t need rounding up for the original entitled amount, and they just allotted 600 excess shares to me :(

mlee01      ( Date: 26-Oct-2017 09:41) Posted: I applied for 1,950 excess rights and managed to get all. This is to round off my holdings to a whole number for easier trading. Paid with USD cashiers order so not FX gain/loss. After this rights issues, my average cost of my MUST holdings is now at US$0.796, based on current price US$0.91 sitting on gain of 14%. Next to move on to Keppel-KBS US Reit.  Happy trading everyone.

 

I applied for 1,950 excess rights and managed to get all. This is to round off my holdings to a whole number for easier trading. Paid with USD cashiers order so not FX gain/loss.

After this rights issues, my average cost of my MUST holdings is now at US$0.796, based on current price US$0.91 sitting on gain of 14%.

Next to move on to Keppel-KBS US Reit. 

Happy trading everyone.

 

I got excess  shares which is   2.927% of entitled rights, and 2.03% of total excess applied. The percentage is very low, will incur FX loss  on the return fund.

 

Tonight,... need to see the number of  Excesses we managed to capture,...

 

Third Qtr results ann' t - Friday, Nov 3rd., 2017 ! Let' s start to see if our subscriptions and investments is bearing fruits,...