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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.
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.
Moving nicely today, hitting 1.82, even though market was bathed in blood.
I suspect many are waiting to buy MCT only after they receive their cash payouts.
But the cash payout would only be in 29 July, by then the price will most probably exceed the scrip consideration price of $2.0039, especially with the rights being issued.
My advice is if want to invest in MCT, buy now... if nort, after you take your cash, note on.
I suspect many are waiting to buy MCT only after they receive their cash payouts.
But the cash payout would only be in 29 July, by then the price will most probably exceed the scrip consideration price of $2.0039, especially with the rights being issued.
My advice is if want to invest in MCT, buy now... if nort, after you take your cash, note on.
Yesterday I saw an interesting news documentary on tv....this German guy first talked about how German people have never suffered any property crash in their lifetime, because they never thought of investing in property, other than buying for own use, and then spending a big chunk of their life like maybe 30 years, just clearing the mortgage. Instead they invest wisely on other investable vehicles..... And he went on to say something, which is something already well known,but somehow people never bother to fight it.......that inflation will into your pocket and savings if you don' t do anything . If you don' t do anything to your money, your money will get smaller ... even if you put your money in the banks, and earn say, 2% interest, but if inflation is at 3%, your money will still shrink...
So what to do? The best is don' t keep money in the banks, or low yielding instruments ... invest your money in safe blue chip stocks.....especially good yielding REITS...
For me REITs (good ones of course) is the safe haven in times of inflation . You will normally get dividends that are higher than bank rates and higher than inflation rates... plus, potential calpital gains in the long run.. The price may go down during the inflation meltdown, but if the fundamentals are there, it will bounce back. History has TIME AND AGAIN, show that' s the case. ... over the years since REITSstarted with Capitaland Mall Trust.
USING this Reit as an example, if you have invested since IPO since 2022, @ $0.88, over the years, you would have gained a total returns, dpus collected plus capital gain of more 2,000%..Now since 2011 did inflation eat into your savings by this much???
NOW, multiply this with other good REITS, calculate how your money would have grown!
Timing your entry into a Stock for maximum return is important ... but for me, in rising inflationary period, timing is not inmportant as a race in time to get into investing in a good REIT or good yielding blue chip stocks.
So what to do? The best is don' t keep money in the banks, or low yielding instruments ... invest your money in safe blue chip stocks.....especially good yielding REITS...
For me REITs (good ones of course) is the safe haven in times of inflation . You will normally get dividends that are higher than bank rates and higher than inflation rates... plus, potential calpital gains in the long run.. The price may go down during the inflation meltdown, but if the fundamentals are there, it will bounce back. History has TIME AND AGAIN, show that' s the case. ... over the years since REITSstarted with Capitaland Mall Trust.
USING this Reit as an example, if you have invested since IPO since 2022, @ $0.88, over the years, you would have gained a total returns, dpus collected plus capital gain of more 2,000%..Now since 2011 did inflation eat into your savings by this much???
NOW, multiply this with other good REITS, calculate how your money would have grown!
Timing your entry into a Stock for maximum return is important ... but for me, in rising inflationary period, timing is not inmportant as a race in time to get into investing in a good REIT or good yielding blue chip stocks.
Not to forget that the price of prime ppties in gateway cities keep going up in inflationary period. And if they do go down in recessions, just hold for they will go up again. So, you must have holding power & money to buy when their price goes below market value -- the lower the better. When does a person have the opportunity
to own a piece of ppty say in Orchard or Raffles Place except through reits. wyeo.
to own a piece of ppty say in Orchard or Raffles Place except through reits. wyeo.
people keep talking about increasing interest rate that will hit reits.
not to forget the real estate base is also a natural inflation hedge.
when their shop owners increased the price of product in premise of inflation, rental will also
revise up. this is immediate for rental component that is related to value of sale. the fixed component will be revised upwards later on renewal. when footfall improves thing will turn more rosy.
i have yet to see landlord loose out in inflation environment. landlord are winner in inflationary environment.
not to forget the real estate base is also a natural inflation hedge.
when their shop owners increased the price of product in premise of inflation, rental will also
revise up. this is immediate for rental component that is related to value of sale. the fixed component will be revised upwards later on renewal. when footfall improves thing will turn more rosy.
i have yet to see landlord loose out in inflation environment. landlord are winner in inflationary environment.
Okay, let' s go.....
After 2nd thought decided to buy up to original intended size this morning. Don' t like it cos kind of ' chasing' but overall price still within intended buying price so heck. Just put it one side since my time horizon is long.
HVRRVH ( Date: 20-Jun-2022 10:43) Posted:
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the merger exercise is a major event that has cause this mct to not response to
recovering events of covid-19 openning up.
vivo city footfall is recovering well. mapletree city has also benefits from increased office usage.
hope this price affecting event quickly go pass. hope mapleteee also do less of this type of
major merger event that take so long to happen. too much uncertainty is always bad for shares.
recovering events of covid-19 openning up.
vivo city footfall is recovering well. mapletree city has also benefits from increased office usage.
hope this price affecting event quickly go pass. hope mapleteee also do less of this type of
major merger event that take so long to happen. too much uncertainty is always bad for shares.
Merger of MCT and MNACT creates pathway for growth
THE ongoing merger of Mapletree Commercial Trust (MCT) : N2IU -0.56%and Mapletree North Asia Commercial Trust (MNACT) : RW0U 0% is on track to create one of the top 10 largest Reits in Asia.
The merged entity, Mapletree Pan Asia Commercial Trust (MPACT) will have an estimated market capitalisation of over S$10 billion and will hold a diversified portfolio of 18 commercial assets across Singapore, China, Hong Kong, Japan and South Korea, with assets under management (AUM) of approximately S$17.1 billion.
The Reit managers believe that the merger will provide a pathway for growth by merging MCT, a Singapore-focused Reit, with MNACT, a ready and established platform that has scale and reach in North Asia.
MCT said that this will in turn bring about immediate financial benefits and access to attractive footholds into North Asia supported by established local operating teams with extensive experience and a strong track record.
Other key benefits cited by the Reits include enhanced financial flexibility to pursue more growth opportunities such as larger acquisitions and capital recycling opportunities, increased liquidity and index representation, enhanced geographic diversification, reduced single asset concentration and improved tenant diversification as well as immediate financial benefits in terms of distribution per unit (DPU) and net asset value (NAV) accretion on a historical pro forma basis.
Post-merger, MPACT will hold best-in-class assets such as Festival Walk in Hong Kong, Mapletree Business City and VivoCity in Singapore.
The Reit managers believe that together, these will improve overall cash flow stability and resilience through market cycles.
MPACT will host major tenants with global businesses such as Google, BMW, Seiko, HP Japan and NTT UD.
Together, the top 10 tenants by gross rental income (GRI) will contribute 23 per cent of its GRI post-merger. This is down from MCT&rsquo s 27.7 per cent and MNACT&rsquo s 37.7 per cent, reducing income concentration.
Unitholders of MCT and MNACT have voted in favour of the merger last month.
The merger will be effected through the acquisition by MCT of all the issued and paid-up units of MNACT by way of a trust scheme of arrangement.
During the election period, each MNACT unitholder is entitled to choose only one form of scheme consideration: scrip-only, cash-and-scrip or cash-only options. The cash-only consideration will be the default form of the scheme consideration.
Based on indicative dates announced by the Reit managers, the election period is expected to run from Jun 15 to 29 while the merged entity is expected to begin trading on Jul 29.
MNACT&rsquo s estimated date of delisting will be on Aug 3.
After the official opening of MPACT on 1 August, there will be more development to come....
whatever it is has purchase a one way ticket to grow upwards. This is what I wrote in another forum...
whatever it is has purchase a one way ticket to grow upwards. This is what I wrote in another forum...
A glowing report of optimism and positivity on the new MPACT entity.
Now keep a very close watch on SPH Reit... coffee shops talks have it that it will go to either CICT or MPACT (or split?) ..... either one is fine with me, but the uncles seem to be leaning on MI.
Merger of MCT and MNACT creates pathway for growth
THE ongoing merger of Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) is on track to create one of top 10 largest Reits in Asia.The merged entity, Mapletree Pan Asia Commercial Trust (MPACT) will have an estimated market capitalisation of over S$10 billion and will hold a diversified portfolio of 18 commercial assets across Singapore, China, Hong Kong, Japan and South Korea, with assets under management (AUM) of approximately S$17.1 billion.
The Reit managers believe that the merger will provide a pathway for growth by merging MCT, a Singapore-focused Reit, with MNACT, a ready and established platform that has scale and reach in North Asia.
MCT cited that this will in turn bring about immediate financial benefits and access to attractive footholds into North Asia supported by established local operating teams with extensive experience and a strong track record.
Other key benefits cited by the Reits include enhanced financial flexibility to pursue more growth opportunities such as larger acquisitions and capital recycling opportunities, increased liquidity and index representation, enhanced geographic diversification, reduced single asset concentration and improved tenant diversification as well as immediate financial benefits in terms of distribution per unit (DPU) and net asset value (NAV) accretion on a historical pro forma basis.
Post-merger, MPACT will hold best-in-class assets such as Festival Walk in Hong Kong, Mapletree Business City and VivoCity in Singapore.
The Reit managers believe that together, these will improve overall cash flow stability and resilience through market cycles.
MPACT will host major tenants with global businesses such as Google, BMW, Seiko, HP Japan and NTT UD.
Together, the top 10 tenants by gross rental income (GRI) will contribute 23 per cent of its GRI post-merger. This is down from MCT&rsquo s 27.7 per cent and MNACT&rsquo s 37.7 per cent, reducing income concentration.
Unitholders of MCT and MNACT have voted in favour of the merger last month.
The merger will be effected through the acquisition by MCT of all the issued and paid-up units of MNACT by way of a trust scheme of arrangement.
During the election period, each MNACT unitholder is entitled to choose only one form of scheme consideration: scrip-only, cash-and-scrip or cash-only options. The cash-only consideration will be the default form of the scheme consideration.
Based on indicative dates announced by the Reit managers, the election period is expected to run from Jun 15 to 29 while the merged entity is expected to begin trading on Jul 29.
MNACT&rsquo s estimated date of delisting will be on Aug 3
Wanted to buy @ 1.77 or better since Friday afternoon and so far no hit. So buy striaght at 1.78 this morining. Reduced purchase size in case price goes down later and can buy more. Have wanted for a while to increase holding in MCT in view of the greater southern water front project, which will increase the population in the vicinity plus new tourist attractions in the area. Should increase footfall not only to Vivo but ARC and make offices at MTower and MBC more attractive. Also MNACT' s tenants already showing sign of business improvement and China and HK no matter what need to open up one day. So, next 3 to 5 years should be exciting for MPACT.
Company already said will be dpu accretive, nav accretive, so your value won' t drop but your percentage against the new total issued shares will drop. The rights will be offered to all shareholders..depending on how many MNACT shareholders take cash instead of scrips, the more cash they opt for, the more shares will be issued... Sponsor will only take up those rights that are not subscribed by shareholders.
pasttime ( Date: 17-Jun-2022 16:35) Posted:
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Many Thanks LongXia. Appreciate.
If the targeted price stay, I will buy from market which is cheaper.
New investor
think difficult to say if diluted. as there are asset from mnact added. the sponsor has already said will take up the rights at $2+ . except for those who own mct above $2. others who buy in now will logically not take up rights as it is cheaper to buy from open market.
dyodd
dyodd
Fesa261 ( Date: 17-Jun-2022 15:01) Posted:
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Is this right thingz new thing (announced today)? or just a refreshing?
The size of the rights haven' t decided, and the price also not decided... hopefully there' s a discount to the targeted value. Of course if there' s a rights offering, and you don' t subscribe, obviously your shareholding will be diluted. Even if there' s no rights offering, your holding will be diluted, because of the conversion of MNACT shares into new MCT units (to be renamed)....
Hi investors, will our holdings get diluted if we did not subscribe the rights.
Thank you
Nicely done
That' s why I want to buy some MCT with current price. With current market conditions, it may drop some more but I guess it should be ok to buy some now.
That' s why I want to buy some MCT with current price. With current market conditions, it may drop some more but I guess it should be ok to buy some now. LongXia ( Date: 15-Jun-2022 21:49) Posted:
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Oh, let me kaypoh abit....
From today to 29 June, MNACT people will be given a chance to decide which scheme offer option they want: = all cash,or all scrips, or scrips and cash...Note the price of MCT has been moving nicely towards that " someone' s" $2.0039 since last week, unforfortantely all reits coming crashing down two days ago and looking at the bloodbath, at this point, I think nobody in the right mind will take scrips.
So likely, the prefendential offering or rights will go ahead (Note: that " someone" has been saying all,along, if EVERYONE takes ALL,SCRIPS OPTION, then this preferential rights is not necessary and will be cancelled, and if some take CASH and SCRIPS OPTION, then some rights issue would still be necessary). Got it so far?
Now if the insiders are trying to encourage as much people as possible to take up,scrips, then the logical thinking is that these " someone" insiders will sure to attempt to push the price towards that magic number of $2.0039 or beyond. (At this point seems difficult, But dont rule them out... by magic they could do it.)
Now if they go ahead with the preferential offering, then on 30:June we' ll will know the size of this rights issues. Then they will tell how many rights the MCT people will be entitled to subscribe. X-dare is 5 July, and the MCT shareholders will be given from 12 July to 20 July to apply. Again the same scenario will happen.. there should be another insiders push up on the price during this period to entice people to subscribe..So again our logical thinking is the price should move towards that " someone" $2.0039
By 28 July,you will get your rights, and you can sell if you so wish.
So if you have listened to the above coffee shop story carefully, there will be TWO likely periods, where the insiders together with its cronies and perhaps the help,of black market proxies, to push the price to that " someone" $2.0039. The first, before the closing of the election of the options by the MNACT peipple on 29 June, and the second, before the closing of subscription of rights bt the MCT people on 20 July.
Now, if all these, and the dates sound confusing to you, just ignore it and watch the show lor... I have already tell enough, why the price should or could or might rise to S2.00 and beyond by the time the wayang is over, and my suggestion is for all to consider, but not necessarily to follow. To each his own opinion.
As always these are coffee shops stories, believe or not always PDYODDDDDDD....
From today to 29 June, MNACT people will be given a chance to decide which scheme offer option they want: = all cash,or all scrips, or scrips and cash...Note the price of MCT has been moving nicely towards that " someone' s" $2.0039 since last week, unforfortantely all reits coming crashing down two days ago and looking at the bloodbath, at this point, I think nobody in the right mind will take scrips.
So likely, the prefendential offering or rights will go ahead (Note: that " someone" has been saying all,along, if EVERYONE takes ALL,SCRIPS OPTION, then this preferential rights is not necessary and will be cancelled, and if some take CASH and SCRIPS OPTION, then some rights issue would still be necessary). Got it so far?
Now if the insiders are trying to encourage as much people as possible to take up,scrips, then the logical thinking is that these " someone" insiders will sure to attempt to push the price towards that magic number of $2.0039 or beyond. (At this point seems difficult, But dont rule them out... by magic they could do it.)
Now if they go ahead with the preferential offering, then on 30:June we' ll will know the size of this rights issues. Then they will tell how many rights the MCT people will be entitled to subscribe. X-dare is 5 July, and the MCT shareholders will be given from 12 July to 20 July to apply. Again the same scenario will happen.. there should be another insiders push up on the price during this period to entice people to subscribe..So again our logical thinking is the price should move towards that " someone" $2.0039
By 28 July,you will get your rights, and you can sell if you so wish.
So if you have listened to the above coffee shop story carefully, there will be TWO likely periods, where the insiders together with its cronies and perhaps the help,of black market proxies, to push the price to that " someone" $2.0039. The first, before the closing of the election of the options by the MNACT peipple on 29 June, and the second, before the closing of subscription of rights bt the MCT people on 20 July.
Now, if all these, and the dates sound confusing to you, just ignore it and watch the show lor... I have already tell enough, why the price should or could or might rise to S2.00 and beyond by the time the wayang is over, and my suggestion is for all to consider, but not necessarily to follow. To each his own opinion.
As always these are coffee shops stories, believe or not always PDYODDDDDDD....