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May I know what is the implication by " non renounceable" ? If it' s extra shares that cannot be traded / sold, then what is the point .. sorry first time came across so this is new to me..
Yes, what you say was also being discusssed previously in this thread.
Again， i like to say, whether non renouceable or not, the most important is having a good reit mgmt.
Again， i like to say, whether non renouceable or not, the most important is having a good reit mgmt.
yeah, unfortunately this was done also for ESR and now for FLI and again for US Manulife next week. Given the market, I think the rights and mother share prices would have been under great pressure and could end up unsubscribed if they were made renounceable. Then again it would have been a great time for astute investors. duh.
SimpleTrade ( Date: 18-May-2018 08:48) Posted:
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This is so called non renounceable preferential share offering. You are given the rights to subscribe additional shares, however your ?rights? are not transferable, hence ?non renouceable?. There is no rights issued that you can trade on sgx .
I understand that the document will be sent out to unit holders on 23 May. You can fill in form to subscribe up to the maximum of your allotment, and mail back. There should be clear instructions in the 23 May documents. This is NOT a rights issue, so as unit holders, we cannot have the option to ' sell the rights' if we choose not to subscribe for the prefential offering (please see the annoucement on May 9 or was it May 10). I think the best way for unit holder is to subscribe since it is at $0.967 per unit.
canalrat ( Date: 17-May-2018 21:43) Posted:
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Go atm...23 May at 9am till 1 June at 5pm...
canalrat ( Date: 17-May-2018 21:43) Posted:
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I thought that rights subscription is only via ATM, and not internet banking. IB only for IPOs so far. Am I wrong?
Wait for the official annoucement regarding the rights , then u can apply it through atm or internet banking. They will send the letter also.
Sorry newbie here. May i know how to subscribe to the rights? Will receive any notification?
The price swing in the last 10 days is ' big' .
I suppose it is best we subscribe to the preferential offering at $0.967 (price is fixed now) since it is ' in the money' compared to today' s share price.
Vested.
I suppose it is best we subscribe to the preferential offering at $0.967 (price is fixed now) since it is ' in the money' compared to today' s share price.
Vested.
chengwh1 ( Date: 14-May-2018 16:41) Posted:
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Judging from the last few sessions of trading,... I think FLT' s fundamentals remained very well intact,... NO issue at all,.... glad to be here,....
now everybody so confident of FLT . hehe
Depreciation of the AUD vs the SGD is not arguable,.. this is true.
However, for the EUro vs the SGD, we can refer to a recent quarterly report, the Press Release of IREIT Global as below. Some notable pointers :-
1) ' Distribution per Unit (DPU) for the quarter came in at 1.46 Singapore cents (&euro 0.90 cents), 1.4% higher than the corresponding period last year. This was mainly lifted by more favourable average foreign currency exchange rates between the Euro and Singapore dollar in respect of the DPU for the period. '
2) The DPU in Singapore dollars was computed after taking into consideration the forward foreign currency exchange contracts entered into to hedge the currency risk for distribution to Unitholders and is for illustrative purpose only. IREIT makes distributions on a semi-annual basis based on its half-yearly results and the next distribution will be for the period from 1 January 2018 to 30 June 2018.
In Euro terms, the dpu dropped y-o-y. BUT : In SGD terms, the dpu rose y-o-y.
I think no worries for FLT,... the mgmt can do the same.....
However, for the EUro vs the SGD, we can refer to a recent quarterly report, the Press Release of IREIT Global as below. Some notable pointers :-
1) ' Distribution per Unit (DPU) for the quarter came in at 1.46 Singapore cents (&euro 0.90 cents), 1.4% higher than the corresponding period last year. This was mainly lifted by more favourable average foreign currency exchange rates between the Euro and Singapore dollar in respect of the DPU for the period. '
2) The DPU in Singapore dollars was computed after taking into consideration the forward foreign currency exchange contracts entered into to hedge the currency risk for distribution to Unitholders and is for illustrative purpose only. IREIT makes distributions on a semi-annual basis based on its half-yearly results and the next distribution will be for the period from 1 January 2018 to 30 June 2018.
In Euro terms, the dpu dropped y-o-y. BUT : In SGD terms, the dpu rose y-o-y.
I think no worries for FLT,... the mgmt can do the same.....
halleluyah ( Date: 10-May-2018 15:11) Posted:
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In short : Yes, because the period for the ' remainder' distribution payout is shorter, BUT NOT REALLY because of the higher number of units,.. we must be able to tell this difference !
BBBulll ( Date: 10-May-2018 20:41) Posted:
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Sorry for the late reply, bro,...
There are many assumptions that brought about the 0.03c increase. I think you can see from the Sensitivity analysis on pg 102 of the circular. Another assumption from the same table is that the number of units to be raised is 493.6mil.
In the EFR Exercise yesterday and two days ago, the average price for each New UNit would be approx 0.97c. BUT : the number of New Units raised is ONLY 485.1mil units, being lower than 493.6mil units. Hence, net-net from here would be,.. I estimate,... an increase of 1.2% from 1.80c achieved in Q1 FY2018.
Don' t know abt the EPS increase,... did not analyse this,....
There are many assumptions that brought about the 0.03c increase. I think you can see from the Sensitivity analysis on pg 102 of the circular. Another assumption from the same table is that the number of units to be raised is 493.6mil.
In the EFR Exercise yesterday and two days ago, the average price for each New UNit would be approx 0.97c. BUT : the number of New Units raised is ONLY 485.1mil units, being lower than 493.6mil units. Hence, net-net from here would be,.. I estimate,... an increase of 1.2% from 1.80c achieved in Q1 FY2018.
Don' t know abt the EPS increase,... did not analyse this,....
hckoh611 ( Date: 10-May-2018 15:35) Posted:
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Cimb tp 1.24....Ocbc tp 1.21....
Ohh ok, I get it, thanks! So the next distribution declared will be less right? Since it minus off the advance distribution for that quarter?
Marko1975 ( Date: 10-May-2018 20:32) Posted:
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This one is to cover from apr 1st to the date ard may when new placement and etc are out.. at that time the dpu must be divided by new total units.. so to make it fair for existing unitholders, the apr1st to may income was distributed in advamced to EXISTING unitholders
BBBulll ( Date: 10-May-2018 19:56) Posted:
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What is the advanced dividend for? How come have
Bro, sorry I m not expert. I thought the 0.03cts increase is based on assumption of $1 per share. If rental income remain the same, yield or EPS should be better right? I could b wrong, hope u can point out to me. Thanks.
chengwh1 ( Date: 10-May-2018 15:04) Posted:
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