Post Reply
521-540 of 785
a bit worried of the depreciation of aud n eu too...
chengwh1 ( Date: 10-May-2018 15:04) Posted:
|
Hmm,... bros,... the New Unit price here is below $1.00. According to the earlier documents, if the New Unit price is below $1.00, this cquisition is no more dpu-accretive. Isn' t this a problem, or did I miss something ?
hckoh611 ( Date: 10-May-2018 09:14) Posted:
|
both cpf and normal are under my name , just unsure how are they going to differ the two different accounts.
have to email them and cpf maybe.
have to email them and cpf maybe.
For CPF - inform the institution concerned abt this Rights Issue, and ensure you have funds available to subscribe.
For normal trading - follow the instructions given in the circular. Basically, you have to have funds available in ur bank acct, then press at the ATM to subscribe.
For normal trading - follow the instructions given in the circular. Basically, you have to have funds available in ur bank acct, then press at the ATM to subscribe.
SimpleTrade ( Date: 10-May-2018 10:34) Posted:
|
one qns, i have FLT in cpf and normal trading. how am i going to apply for the rights?
FLT raises S$329m in private placement more than 3.9 times subscribed
THU, MAY 10, 2018 - 8:24 AM
FRASERS Logistics & Industrial Asset Management, manager of Frasers Logistics & Industrial Trust (FLT), announced that FLT has successfully raised S$329 million in gross proceeds through a private placement overnight which was 3.9 times covered.
It saw some 333.2 million units placed at an issue price of S$0.987 per unit, representing a discount of 5.4 per cent to the volume weighted average price (VWAP) of S$1.0433 per unit of trades executed on the Singapore Exchange for the full market day on May 9, 2018.
The placement was part of FLT' s latest round of equity fundraising, with the other part being a pro-rata and non-renounceable one-for-ten preferential offering exercise to existing unitholders, consisting of 152.15 million new units priced between S$0.942 and S$0.967, to be launched on May 23.
The preferential offering is at a 7.3 discount to the VWAP of S$1.0433 per unit on May 9, and aims to raise gross proceeds of between S$143.3 million and S$147.1 million.
http://www.businesstimes.com.sg/companies-markets/flt-raises-s329m-in-private-placement-more-than-39-times-subscribed
Must say - I think the Management is doing the right thing by minorities. Did not overwhelm with a huge rights, as some retirees may be cash strapped, and gave at reasonable prices. Everyone gets something. Also, Fraser Group took up a large chunk? So they will be very vested now.
Thank you.. info helpful
hckoh611 ( Date: 10-May-2018 09:39) Posted:
|
Those jeep at 1.02-1.04 good catxh. Comes with 3.6cts div , and 1 to 10 rights .
They will send you document on how many units you are eligible to subscribe. You should be able to work it out. 1 units for exisiting 10 units. Example if you have 1000 shares, you can subscribe 100 units. Once received the letter, you can apply via ATM. Start date for the ATM application 23rd May 9am and close at 1st Jun 9.30pm if you apply via ATM. Mail in cut of will be 1st Jun 5pm.
Marko1975 ( Date: 10-May-2018 09:29) Posted:
|
Can ask experts a question?.. if i choose to hold my new purchase .. how this non renounceable prferrential (10 for every 1000 unit).. how normally it is carried out?.. i mean what i need to do to pay for that new units?.. i have not much experience in such acenarios BEFORE
This morning announced advance distribution of 0.69cts dividend for month of April to Mid May 2018. Private placement of ~333millions share @ 0.987 per unit oversubscribe by 3.9 times. A pro rata and non-renounceable preferential offering (the &ldquo Preferential Offering&rdquo ) of 152,153,437 New Units (the &ldquo Preferential Offering New Units&rdquo ) on the basis of one New Unit for every 10 existing units in FLT (the &ldquo Existing Units&rdquo ) (fractions of a New Unit to be disregarded) to be held as at 5.00 p.m. on Friday, 18 May 2018 (the 2 &ldquo Books Closure Date&rdquo ) to Eligible Unitholders (as described in paragraph 7 below) at an issue price of between S$0.942 and S$0.967 per New Unit (the &ldquo Preferential Offering Issue Price Range&rdquo ) to raise gross proceeds of approximately between S$143.3 million and S$147.1 million.
Thanks to the lady that pressed the CEO on making sure the unit offer to the unit holder must be lower than the private placement during the EGM. CEO kept the promise and i think is good deal for existing unit holder.
Thanks to the lady that pressed the CEO on making sure the unit offer to the unit holder must be lower than the private placement during the EGM. CEO kept the promise and i think is good deal for existing unit holder.
SimpleTrade ( Date: 10-May-2018 09:04) Posted:
|
Yesterday jeep 10 lots 1.03..nice...what price target..hmmm
FLIT ki siao. Bb rushing back.
investment moat on the egm.
http://investmentmoats.com/money-management/reit/some-takeaways-from-flts-egm-for-their-21-property-purchase-in-germany-and-netherlands
http://investmentmoats.com/money-management/reit/some-takeaways-from-flts-egm-for-their-21-property-purchase-in-germany-and-netherlands
View of OCBC Analyst
Frasers Logistics & Industrial Trust: No surprises in 2QFY18
Frasers Logistics & Industrial Trust&rsquo s (FLT) 2QFY18 results came in within our expectations. DPU in SGD terms grew 3.4% YoY to 1.81 S cents due to a currency hedge rate of A$1: S$1.0647 which FLT entered into (2QFY17: A$1: S$1.0014). There were three leases renewed/signed in 2QFY18. Although rental reversions were negative at 7.3%, the three leases carry annual rent increments of 3.15%-3.25%, while two of the leases have long tenure of 7.1 and 10 years, thus providing visibility. Occupancy continues to be high at 99.4%, while WALE is healthy at 6.75 years. As FLT has a policy of hedging its FX on a rolling six months basis, we believe its currency hedges rate for its 2HFY18 distributions are likely to come in lower than its 1HFY18 hedges. We now incorporate a weaker AUD-SGD assumption in our model (FY19-FY22F: A$1: S$1.01). Correspondingly, our fair value declines to S$1.21 from S$1.25. As of the closing price on 8 May, FLT is offering an attractive FY18F distribution yield of 7.0%. Maintain BUY.
Looks to be it,... but don' t have the mechanics of how this works,.. should have asked then yesterday morning,....
Think they " like" the dividend but the whole Forex on earnings matter, the merits of Euro acquisition plus the Rights issue weigh on BBs/investors. I think long term FLIT is in the right direction - short term can always be something else and may not appeal to all investors.
Remarks : For advocating any action. Please DYODD. Vested.
Remarks : For advocating any action. Please DYODD. Vested.
SimpleTrade ( Date: 08-May-2018 12:50) Posted:
|
Anybody went to today' s EGM?
Seems like the BB is dumping again. They dont like this 3.6cts div .