Frasers L&C Tr    Last:0.985    -0.005

Frasers Logistic & Industrial Trust IPO

FLT TO DIVEST 80 HARTLEY STREET FOR A$90.5 MILLION

♦ Proposed divestment of an industrial facility located in Smeaton Grange, New South Wales
♦ In line with the REIT Manager?s proactive asset management and portfolio rebalancing strategies to
improve the quality of FLT?s portfolio

 

My total application is 100% (10% entitlement and 90% excess) of my current holdings. Out of the 90% excess, I only got 7.69%. This 7.69% is just 6.92% of the current holdings. Looks like there is no fixed formula that is applied to all.

Goldfinger      ( Date: 10-Jun-2018 16:36) Posted: I was greedy and applied 100% more excess. Got about 28% of the excess rights applied. ​ Anyway nice to see a company treating minorities relatively fairely  - at least they gave minorities a bite of the share allocation and also handed out excess rights. ​ This tells me this is a keeper. subaru      ( Date: 10-Jun-2018 14:42) Posted: I only got 7.69% of the excess applied. I did not need any round up in the first place. The extra fund has not yet credited into the bank acc. How lucky you got all the excess applied.

 

Only got 66.67% of the excess shares.  Was expecting 100%, abit disappointed.   

 

Waiting for $1.00 to accumulate.. will it happens

 

I am more greedy, i applied 150% more . haha.

But in actual number, its only very few lots

 

I was greedy and applied 100% more excess. Got about 28% of the excess rights applied.

​ Anyway nice to see a company treating minorities relatively fairely  - at least they gave minorities a bite of the share allocation and also handed out excess rights.

​ This tells me this is a keeper.

subaru      ( Date: 10-Jun-2018 14:42) Posted: I only got 7.69% of the excess applied. I did not need any round up in the first place. The extra fund has not yet credited into the bank acc. How lucky you got all the excess applied.

 

I only got 7.69% of the excess applied. I did not need any round up in the first place. The extra fund has not yet credited into the bank acc.

How lucky you got all the excess applied.

 

Mine' s in too, tq gents for updating,... I got all of my Entitlements and Excesses applied for,...

 

Good company - managed to get some excess shares.

SimpleTrade      ( Date: 09-Jun-2018 16:12) Posted: Just log in to cdp, the new and excess units are credited.

 

Just log in to cdp, the new and excess units are credited.

 

Anybody can see their Excess Units applied for  reflected in their CDP internet screen now ?

 

Still not in yet. Excess or new.

 

The result :-

http://infopub.sgx.com/FileOpen/FLT%20-%20Results%20of%20Preferential%20Offering.ashx?App=Announcement& FileID=508988

In short, only 10,854,460 units are available to satisfy the requitements of 146,179,831 units. Hence, mathematically, for every Excess unit that we applied for, there is a chance of getting at ONLY 7.43%. It  is said that preference will be given for rounding-up odd lots.

The higher the number of ' odd positions' we have, the higher the chances of getting then.

In my CDP website, I can only see that my allotted units (entitled units) have been ' allotted to me' . I don' s see any excesses allotted to me. Perhaps I did not manage to get any. Or perhaps the Excesses have not been allotted yet.

How abt you guys ?

 

rights issue was only avaliable to existing shareholders, so despite it being priced at 0.967 below market, there is no incentive for the market price to drop to those levels as its only current shareholders buying

I think 1.02 to 1.06 is the current range. Look to buy and hold for yield

SimpleTrade      ( Date: 05-Jun-2018 12:59) Posted: New units to be listed on 11. So, end of this week should know. Not good answer, but just be patient . haha. Aus dollar appreciated againat sgd, but euro dropping.

 

New units to be listed on 11. So, end of this week should know. Not good answer, but just be patient . haha.

Aus dollar appreciated againat sgd, but euro dropping.

 

I did apply for excess shares.. do u know when they tabulate and return those unsuccessfull excess right aplications given last friday was last day of application

 

Just a reminder,. tomorrow 9pm fri is the last day to sub for yr rights/pref shares.

 

bros, have you all taken up your entitlement?

 

hi all, a noob qn, what' s the difference between new units you wish to accept vs excess new units you wish to apply for (in ATM step-by-step)?

 

The rights are like COE of cars, it entitles you to sub to additonal shares.

Non renouceable meaning only you owner can use the rights to subscribe the additonal shares. It can not be transferable to others to let them subscibe to the shares, so you can not trade the rights(not the shares) on sgx.

For those using cpf invest, the due date is very tight. I recv the letter yesterday and it stated to submit before 5pm today friday.