Mapletree PanAsia C    Last:1.27   -

MCT

https://links.sgx.com/1.0.0/corporate-announcements/OJX67SNIE4G9HQ65/018358b871f2da774fc714d901e7c623f3af5dbfeb6a476b262aacb1391655b3

The preferential offering price was already fixed on 31/12/21, taken as the average price on the last trading day 27/12/21 before the trading halt
That was how the price of $2.0039 came about.

Maybe partly because investors wanted to exit after thinking that the risk is not worth after the merger
Maybe partly because of the market downturn and rising rates
Maybe partly because shortists took this chance to shoot the stock down for profits

Hence, it is trading way below the PO price
 

chengwh1      ( Date: 15-Jul-2022 14:02) Posted: I think you answered this very well,... thank you. The situation experienced by MCT here is,... in a way, similar to the situation experienced with SPH REIT rexently. After the last day of the Chain Offer period, being June 30, th price DROPPED below $0.937. Can comprehend why did this happen,... If any investor wishes to dispose SPH REIT, they shld have ' let go' of their units at the Offeror' s Offer Price of $0.937, right ? Why would any unitholder wants to wait till after the end of the Offer period to sell at a lower price ? Did I miss something,...   bystander1965      ( Date: 15-Jul-2022 10:38) Posted: That' s a question that probably no one has the answer. There can be all sort of theories. Market efficiency or in SGX context controlled manipulation or whatever. It could be the market only thinks it' s worth this much while the issuer thinks otherwise. The latter probably has a very different time frame compared to the current market participants in that they are in it for years to come. It coule be investors are not happy with the acquisition of China assets (which many seem to think is very very risky). So they discount the price. Or tt could be them accumulating it could also be sellers selling or opportunists shorting the counter. So ODD is still the way to go all these don' t really matter. Even in the SGX context, co' s with strong FA eventually will prevail although they probably will not reach their rightful prices. I obviously did not answer your question. haha.

 

I think you answered this very well,... thank you.

The situation experienced by MCT here is,... in a way, similar to the situation experienced with SPH REIT rexently. After the last day of the Chain Offer period, being June 30, th price DROPPED below $0.937. Can comprehend why did this happen,...

If any investor wishes to dispose SPH REIT, they shld have ' let go' of their units at the Offeror' s Offer Price of $0.937, right ? Why would any unitholder wants to wait till after the end of the Offer period to sell at a lower price ? Did I miss something,...
 

bystander1965      ( Date: 15-Jul-2022 10:38) Posted: That' s a question that probably no one has the answer. There can be all sort of theories. Market efficiency or in SGX context controlled manipulation or whatever. It could be the market only thinks it' s worth this much while the issuer thinks otherwise. The latter probably has a very different time frame compared to the current market participants in that they are in it for years to come. It coule be investors are not happy with the acquisition of China assets (which many seem to think is very very risky). So they discount the price. Or tt could be them accumulating it could also be sellers selling or opportunists shorting the counter. So ODD is still the way to go all these don' t really matter. Even in the SGX context, co' s with strong FA eventually will prevail although they probably will not reach their rightful prices. I obviously did not answer your question. haha.   whereru      ( Date: 15-Jul-2022 09:49) Posted: Why is the current price like this when the PO is at $2+?

 

Think the current CD is entitlement to the clean up dividend. This one we will only know at the cut off date, think some time end of this month before 29jul.

 

any idea how much is the CD?  it is not stated.

 

That' s a question that probably no one has the answer.
There can be all sort of theories. Market efficiency or in SGX context controlled manipulation or whatever.
It could be the market only thinks it' s worth this much while the issuer thinks otherwise. The latter probably has a very different time frame compared to the current market participants in that they are in it for years to come.
It coule be investors are not happy with the acquisition of China assets (which many seem to think is very very risky). So they discount the price.
Or tt could be them accumulating
it could also be sellers selling or opportunists shorting the counter.

So ODD is still the way to go all these don' t really matter. Even in the SGX context, co' s with strong FA eventually will prevail although they probably will not reach their rightful prices.

I obviously did not answer your question. haha.
 

whereru      ( Date: 15-Jul-2022 09:49) Posted: Why is the current price like this when the PO is at $2+?

 

Why is the current price like this when the PO is at $2+?

 

It might not happen. Then the sponsor will be more than happy to suck in all those unsubsrbed. A good way to increase the holdings dramatically without having to offer the take over, especially if they think the price is low even at 2.003xxx.

PhillipTan      ( Date: 13-Jul-2022 12:09) Posted: MCT' s sponsor should pump to bring up the share price to at least $2 or more So that there will be people subscribing to that preferential offering price If not, MCT' s sponsor will have to take up everything, I don' t think anyone will be foolish enough to subscribe when they can buy at such a cheap price on open market

 

MCT' s sponsor should pump to bring up the share price to at least $2 or more
So that there will be people subscribing to that preferential offering price
If not, MCT' s sponsor will have to take up everything, I don' t think anyone will be foolish enough to subscribe when they can buy at such a cheap price on open market
 

 

Anyone subscribing the rights at 2.0039??

 

bystander1965 greetings.  thanks for the number. 

saw on tv this power on demand on a van.  think shopping center can explorer doing the
same using smaller units on push cart to provide same service in their car park.
this will encourage electric car owner to visit the shopping center.  it will also earn extra income
for the reits. if they do not want to do directly can always rent the rights to sell out. extra income.

 

That was out on 30jun. 360 per 1000 @2.003xxx. Total about 2.1b needed. It's not surprising. Why would MNACT holders take the share when they can buy at current levels which are 10% cheaper. Also I guess most retail if not all will not subscribe to the rights. The one picking up would be very happy cause no need to offer take over. Even though it's at a 10% premium they are ultra long term. So it is fine by them

pasttime      ( Date: 06-Jul-2022 09:39) Posted: waiting for their annoucement on how many mnact choose shares , cash etc. i think most will take cash and buy mct now from market. mct will over time move towards $2 and above.  the new covid-19 measures are more towards protecting support facilties and weak. does not affect economic acitivies. so shorts base on covid-19 lock down will be covering.

 

Hi, does it affects my dividend per share if I don't take up my rights. No sense subscribed at $2. when I can get it cheaper in the market

 

waiting for their annoucement on how many mnact choose shares , cash etc.
i think most will take cash and buy mct now from market. mct will over time move towards $2 and above.  the new covid-19 measures are more towards protecting support facilties and weak. does not affect economic acitivies. so shorts base on covid-19 lock down will be covering.
 

 

Today is the last day for MNACT people to decide on their scheme offer option, but it didn' t move as it should.
now, uncles said from tomorrow it will keep start moving up.
I don' t know how is it possible and I cannot explain.
maybe after it really happen, then I will bother to find out how come?

 

Oh, I forgot about the cleanup dividends, which would made your cost of MCT even lower if you buy now.. Let me talk abit more since I am now queuing up at this coffee shop for my lobster nasi lemak,....very long queue, which will be ready only in one hour. So while waiting, I have a chance to chat with coffee shop uncles....

Uncles said, the clean up distribution would be likely be 3 to 3.5 c, could even go up to 3.8c which would be a bonus, as the dpus are calculated to end of July.
Only current pre-merger unitholders are entitled to this cleanup dpu, and not available for the converted MNACT shares, or the new rights issued shares.
XDate is 19 July, but why wait until that date? If you are MNACT unitholder, I already laid out on the table, to buy now to get cheaper than the issue price of $2.0039, and then take all cash of $1.1949 per unit later, plus as I just revealed, your cleanup distribution. If you take scrips options in the scheme offer, you are not entitled for this dpu and only allowed to trade only from 29 July. And the longer you wait, the higher you have to pay for your MCT... uncles told me the price of MCT could hit $1.90 as early as TOMORROW!!!

but as usual this is coffee shop kaypoh view, please do your own dee dee ....

LongXia      ( Date: 23-Jun-2022 09:55) Posted: Let me try one last time, to those holding MNACT, becoz there' s not much time, becoz you only have up to next Wed, 29 June to do it...let me explain it using simple maths. suppose yo have 10,000, MNACT and you can convert, rough rough 6,000 MCT if you buy now, this 6000 MCT will cost rough rough at today price  = cost $10800.00 ​ then you get cash from MNACT $11949.00 so you gain $11949 - $10800 = $1149 and if you divide the gain over the 6000 MCT you bought, each MCT actually cost only $1.60 (instead of $1.80 at today' s price), if you intend to keep LONG TERM.  of course, if you delay buying MCT and the price keeps going up, as it would nearer 29 June, your gain becomes smaller and smaller, and your long term MCT cost would not be as low as it would be now.  if you have listened to the uncles two weeks ago when it was $1.75/1.76, your long term cost would even be much lower...  as always do your own dee dee dee, and don' t just listen to this cofffee shop theory.

 

SCM were still denying merging news with kom a few months before the real news although they did say it was the major sh decision. So anything can happen. But not saying this case will be like that.

HVRRVH      ( Date: 24-Jun-2022 16:30) Posted: MLT and MIT merging? Haha no lah MLT has specifically said not long ago that it won?t happen, at least not for the foreseeable future.

 

.. 

invest8      ( Date: 08-Jun-2022 18:31) Posted: Looking good, hopefully..

 

MLT and MIT merging? Haha no lah MLT has specifically said not long ago that it won?t happen, at least not for the foreseeable future.

 

All three Mapletree stocks in top volume.... something brewing?

MLT up 3%, MIT UP 2%, MCT up 2.5%, all on heavy volume and its only10.30am

LongXia      ( Date: 24-Jun-2022 10:26) Posted: $1.85 now..... going going ..... Coincidentally, all Mapletree stocks flying...MI making its move?

 

$1.85 now..... going going .....

Coincidentally, all Mapletree stocks flying...MI making its move?