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> IGB REIT, worth to buy?

xuexueli
post Aug 7 2012, 10:32 PM


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IGB REIT offers 670m units in RM838m IPO


KUALA LUMPUR, Aug 7 – Malaysia’s IGB Real Estate Investment Trust (REIT) will offer up to 670 million units in an initial public offering (IPO) that could fetch as much as RM838 million. The flotation, expected to debut on Sept. 19, is the fourth largest initial public offer (IPO) in the Southeast Asian country this year after the planned listing of Astro All Asia Network Plc.

The IPO will provide the country’s largest REIT by asset value with more financial muscle to buy real estate in the future. The IPO comprises 469 million units for sale to institutional and selected investors and another 201 million units to eligible directors, employees and the public, according to the draft prospectus of the offer filed yesterday. The retail portion is priced at an indicative price of RM1.25 per share while the institutional price will be determined on Sept 4, after the bookbuilding ends. The bookbuilding process will start on Aug. 28, according to the prospectus. Based on the retail price of RM1.25 per share, post-IPO IGB Reit would have a market capitalisation of RM4.25 billion, the largest in Malaysia ahead of Pavilion Real Estate Investment Trust. IGB REIT, a unit of Malaysian property firm IGB Corp Bhd , has hired CIMB Investment Bank and Hong Leong Investment Bank as the joint principal advisers and joint managing underwriters for the IPO. CIMB, Credit Suisse and Hong Leong are the joint global coordinators, while CIMB, Citigroup, Credit Suisse, DBS, Deutsche Bank, Goldman Sachs, Hong Leong, HSBC, JP Morgan and Maybank are the joint book runners. Joint underwriters are AmInvestment, CIMB, Hong Leong and Maybank. In addition to IGB REIT’s listing for the remaining part of the year, Malaysia’s second richest man Ananda Krishnan also plans to re-list his pay-TV firm Astro in a deal that could fetch as much as US$1.5 billion (RM4.65 billion). – Reuters

This post has been edited by xuexueli: Nov 1 2012, 03:43 PM
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Smurfs
post Aug 7 2012, 10:45 PM


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http://forum.lowyat.net/topic/1993103/+2080#entry53654764

http://forum.lowyat.net/topic/2458296/+180#entry53660708
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davidcch07
post Aug 7 2012, 10:56 PM


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for me are big no no ... not worth ...
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gerrardling
post Aug 7 2012, 10:57 PM


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look at pavilion REIT, this one could be big one
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bursalchemy
post Aug 7 2012, 11:20 PM


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QUOTE(davidcch07 @ Aug 7 2012, 10:56 PM)
for me are big no no ... not worth ...
*
Can u justify ur opinion? why is it not worth? I am planning to help my mom apply for this IPO biggrin.gif
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davidcch07
post Aug 7 2012, 11:32 PM


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QUOTE(bursalchemy @ Aug 8 2012, 12:20 AM)
Can u justify ur opinion? why is it not worth? I am planning to help my mom apply for this IPO biggrin.gif
*
different ppl got different view.... so far the biggest IPO REIT... could be Pavreit and Sunreit... both also Retail Mall...


Those IPO is below 1rm.... why IGBREIT 1.25? For me will skip...
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katesamsung
post Aug 7 2012, 11:44 PM


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QUOTE(davidcch07 @ Aug 7 2012, 11:32 PM)
different ppl got different view.... so far the biggest IPO REIT... could be Pavreit and Sunreit... both also Retail Mall...
Those IPO is below 1rm.... why IGBREIT 1.25? For me will skip...
*
Bro,

when Pav Reits IPO listing early of the year, it's only 0.88 sen...look at in now....Today already RM1.36

For ur info ,

Mid Valley is one the hottest Retail Mall in Malaysia, high traffic, and still got room to growth...

I think IGB Reits given time will be ROOM ROOM ROOOMM>>>>all the way

Invest or not..up to u all

BTW for ur info,

U can get this IGB Reits below IPO price , the parent company KASSETS closed to RM8.74 equivalent to 1.20 IGB REITS......so grap it before to late.......
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minshome
post Aug 8 2012, 10:24 AM


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Does this means that if i buy KASSETS share today, i will entitle to IGB REITS automatically?
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panasonic88
post Aug 8 2012, 10:40 AM


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QUOTE(minshome @ Aug 8 2012, 10:24 AM)
Does this means that if i buy KASSETS share today, i will entitle to IGB REITS automatically?
*
Yes.
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redmocha86
post Aug 8 2012, 11:37 AM


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QUOTE(minshome @ Aug 8 2012, 10:24 AM)
Does this means that if i buy KASSETS share today, i will entitle to IGB REITS automatically?
*
Anyone care to explain this? Or anywhere i can read about this?
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GloryKnight
post Aug 8 2012, 11:45 AM


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QUOTE(panasonic88 @ Aug 8 2012, 10:40 AM)
Yes.
*
may I ask, how many units of its REIT would be given for Kassets though?
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iamsobloodysick
post Aug 8 2012, 11:57 AM


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QUOTE(panasonic88 @ Aug 8 2012, 10:40 AM)
Yes.
*
I'm confused. Some say KASSETS and some say IGB. Where did you get this information?


Attached thumbnail(s)
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katesamsung
post Aug 8 2012, 02:07 PM


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QUOTE(iamsobloodysick @ Aug 8 2012, 11:57 AM)
I'm confused. Some say KASSETS and some say IGB. Where did you get this information?
*
NOW KASSET PRICE RM 8.78 equivalent to IGB REITS = RM 1.21..still below IPO Price

GRAP IT B4 too late... biggrin.gif
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minshome
post Aug 8 2012, 02:28 PM


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QUOTE(katesamsung @ Aug 8 2012, 03:07 PM)
NOW KASSET PRICE RM 8.78 equivalent to IGB REITS  = RM 1.21..still below IPO Price

GRAP IT B4 too late... biggrin.gif
*
Will it be high percentage that the IPO price will be revised after closing IPO?
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Nama saya Amad
post Aug 8 2012, 02:37 PM


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i dont understand. how does it work? buy kasset can get igb reits for 1.21. Anyone care to explain?
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GloryKnight
post Aug 8 2012, 02:53 PM


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QUOTE(minshome @ Aug 8 2012, 02:28 PM)
Will it be high percentage that the IPO price will be revised after closing IPO?
*
no1 can predict. but yes it can happen.
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katesamsung
post Aug 8 2012, 04:16 PM


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QUOTE(GloryKnight @ Aug 8 2012, 02:53 PM)
no1 can predict. but yes it can happen.
*
With

SUnreit = 1.49
PAvreit = 1.37

Both also retail Malls reits...price at all time high..u think it will revised or not....

Invest or not..up to u ..!

Still under IPO price now...i assume when the propestus is out....it wont under IPO price anymore

So grap while u can ! KASSETS
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GloryKnight
post Aug 8 2012, 04:24 PM


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bro. now rm8, i dont have money to buy, 100 units can onot? then they give me 500 units? LOL

anyway, i really no bullets left now, i can kiss astro ipo bye bye also.
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davinz18
post Aug 8 2012, 05:55 PM


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Got any analysis on this IPO not?? based on previous comments, i could see a mix opinion on investing this IPO. Very confuse now rclxub.gif
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iamsobloodysick
post Aug 8 2012, 06:07 PM


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QUOTE(Nama saya Amad @ Aug 8 2012, 02:37 PM)
i dont understand. how does it work? buy kasset can get igb reits for 1.21. Anyone care to explain?
*
http://forum.lowyat.net/index.php?showtopi...post&p=51408012
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htt
post Aug 8 2012, 07:47 PM


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REIT... hmm.gif
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Nama saya Amad
post Aug 8 2012, 08:18 PM


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QUOTE(iamsobloodysick @ Aug 8 2012, 06:07 PM)
thanks but rclxub.gif rclxub.gif

i still have a lot to learn unsure.gif blush.gif blush.gif
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katesamsung
post Aug 9 2012, 09:59 AM


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KASSETS 8.86 liao...> ROOOOOOOOOOOOOOOOOOMMMMMMMMMMM

COngrat to bro who bought earlier

Stil under IPO ...GRAP it b4 too late


Added on August 9, 2012, 10:07 am
QUOTE(panasonic88 @ Aug 9 2012, 09:58 AM)
Kasset next bid is RM9

I wonder if anybody going to buy >RM9? brows.gif
*
Those dun wan to play wheel of fortune.....if buy 1 lot ..confirm 5.24 lot of IGB Reits

Hold 6 months ..big fruit coming icon_rolleyes.gif


KASSETS 8.90 liao...ROOOOOOOOOOOMMMMMMMMMMM icon_rolleyes.gif

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panasonic88
post Aug 9 2012, 10:48 AM


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IGB/IGB REIT

Dated July 2012 …

IGB Corp will reap an estimated rm770 million cash from listing of IGB REIT that houses two shopping malls – Mid Valley Megamall and The Gardens Mall. IGB Corp will receive cash proceeds, in the form of capital repayment, from its 63.5% stake KrisAssets Holdings Bhd, which is disposing the two malls into IGB REIT.

With the fresh proceed from the IPO, IGB Corp will sit on net cash of rm484 million. As at Dec 2011, the group had net borrowings of rm286 million.

With the enlarged war chest, some quarters anticipate that IGB corp may be on an acquisition trail to acquire assets abroad.

IGB REIT has committed to pay out 100% of earnings in 2013 and 2014 after which, dividend payouts will be more than 90%. IGB Corp and KrisAssets will dispose the two malls to IGB REIT for a consideration of rm4.61 billion of which rm1.21 billion will be in cash and the rest in shares. The disposals will be distributed to KrisAssets’ shareholders in rm2.43 cash per share and 5.24 IGB REIT shares for each KrisAssets share.

Once the disposal is completed and the proceeds distributed, KrisAssets will be liquidated and deregistered.

Post listing, IGB Corp’s stake will hold a direct 51% equity stake in IGB REIT, which will issue 670 million new units or 19.7% of its total share capital.

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GloryKnight
post Aug 9 2012, 11:23 AM


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meaning to say IGB REIT is a must buy!

and MORE BIG projects coming in...
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jeffreyng
post Aug 9 2012, 11:33 AM


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SO KASSETS still worth to buy in? or just go for IPO?
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zamans98
post Aug 9 2012, 11:41 AM


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QUOTE(jeffreyng @ Aug 9 2012, 11:33 AM)
SO KASSETS still worth to buy in? or just go for IPO?
*
I will rather buy IGB.

Each Kasset will give u 5.24 IGBReit.
Proposed return : RM2.43 per share + 5.24 IGB Reit
Price Today of stock 6653 RM8.99

Theoretical IGB price : RM1.25/share

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river.sand
post Aug 9 2012, 11:43 AM


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QUOTE(zamans98 @ Aug 9 2012, 11:41 AM)
I will rather buy IGB.

Each Kasset will give u 5.24 IGBReit.
Proposed return : RM2.43 per share + 5.24 IGB Reit
Price Today of stock 6653 RM8.99

Theoretical IGB price : RM1.25/share
*
But IGB IPO - you may not get it.
Kasset - you are sure to get it if you are willing to pay for the current market price.
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kbandito
post Aug 9 2012, 11:50 AM


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Why did IGB Corp dropped when KA rose so much?
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GloryKnight
post Aug 9 2012, 11:52 AM


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IGB corp drop because every1 buying KA mar. lol.
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jeffreyng
post Aug 9 2012, 11:54 AM


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any conclusion? BUY IPO? KA? IGB? tongue.gif
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kbandito
post Aug 9 2012, 11:54 AM


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QUOTE(GloryKnight @ Aug 9 2012, 11:52 AM)
IGB corp drop because every1 buying KA mar. lol.
*
But they hold a substantial amount in KA and soon-to-be IGB REIT, they have also been buying back a lot of shares lately.
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Rich_Lim
post Aug 9 2012, 11:55 AM


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Wise to stock in KA for that price 899? Even though it gives you back IGBreit; any clue IGBreit will be opened for public or priority with LA holders?
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jeffreyng
post Aug 9 2012, 12:01 PM


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QUOTE(Rich_Lim @ Aug 9 2012, 11:55 AM)
Wise to stock in KA for that price 899? Even though it gives you back IGBreit; any clue IGBreit will be opened for public or priority with LA holders?
*
Ya, I don't think KA is good to put in now as the price is ady high....
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zamans98
post Aug 9 2012, 01:16 PM


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QUOTE(river.sand @ Aug 9 2012, 11:43 AM)
But IGB IPO - you may not get it.
Kasset - you are sure to get it if you are willing to pay for the current market price.
*
price is already on the highest side. How high it can go further?
The higher the price, the more expensive your proposed IGBR will be. Why chase the RM2.43, when the end result is not favourable?

If you trust that IGB-R can be +20% in coming months, can always buy on LISTING day.

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katesamsung
post Aug 9 2012, 03:47 PM


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QUOTE(zamans98 @ Aug 9 2012, 01:16 PM)
price is already on the highest side. How high it can go further?
The higher the price, the more expensive your proposed IGBR will be. Why chase the RM2.43, when the end result is not favourable?

If you trust that IGB-R can be +20% in coming months, can always buy on LISTING day.
*
If listing open already 1.30..then how.....?...

Kassets RM9.00 also good entry....

But 2 days ago ..when i inform all the bro here ..."KASSET under IPO price...GRAP IT B4 TOO LATE ....no one bother me
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wayne84
post Aug 9 2012, 03:53 PM


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Nope Bro, not we dun bother you, is bcos we dun have bullet...Axtro also got IPO o...where got so much bullet?
lolx
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zamans98
post Aug 9 2012, 03:58 PM


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QUOTE(katesamsung @ Aug 9 2012, 03:47 PM)
If listing open already 1.30..then how.....?...

Kassets RM9.00 also good entry....

But 2 days ago ..when i inform all the bro here ..."KASSET under IPO price...GRAP IT B4 TOO LATE ....no one bother me
*
even at 130, BUY if you have hope. See Pavi REIT, 0.88 > 1.30's

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river.sand
post Aug 9 2012, 04:24 PM


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QUOTE(wayne84 @ Aug 9 2012, 03:53 PM)
Nope Bro, not we dun bother you, is bcos we dun have bullet...Axtro also got IPO o...where got so much bullet?
lolx
*
zamans98's strategy is always sell on the first day of listing brows.gif

But I am a long-term investor sweat.gif
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zamans98
post Aug 9 2012, 04:30 PM


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QUOTE(river.sand @ Aug 9 2012, 04:24 PM)
zamans98's strategy is always sell on the first day of listing  brows.gif

But I am a long-term investor  sweat.gif
*
yes, correct strategy. There is a Caveat, when the IPO is gooding for long term, I will keep it, depending on the cashflow.
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GloryKnight
post Aug 9 2012, 04:55 PM


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i will buy IGB for few years to keep same like IHH =) altho ihh no divvy but igb as REITs will surely have. altho slow grow. but just put in a lil money shud be fine.
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nspk
post Aug 9 2012, 11:44 PM


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For those who can read chinese,
ASTRO和怡保花园產託今年內上市
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katesamsung
post Aug 10 2012, 09:02 AM


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QUOTE(GloryKnight @ Aug 9 2012, 04:55 PM)
i will buy IGB for few years to keep same like IHH =) altho ihh no divvy but igb as REITs will surely have. altho slow grow. but just put in a lil money shud be fine.
*
KASSETS - RM 9.00 Liao - ROOOOOOOOOMMMMMMMM rclxms.gif
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BboyDora
post Aug 10 2012, 09:46 AM


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QUOTE(katesamsung @ Aug 10 2012, 09:02 AM)
KASSETS - RM 9.00 Liao - ROOOOOOOOOMMMMMMMM  rclxms.gif
*
I think of u when I saw an car advertisement with the words "ROOOMM" .. Haha
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katesamsung
post Aug 10 2012, 09:53 AM


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QUOTE(BboyDora @ Aug 10 2012, 09:46 AM)
I think of u when I saw an car advertisement with the words "ROOOMM" .. Haha
*
Bro..Jus put a little spice out of the sentence..if not..very boring....
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wayne84
post Aug 10 2012, 12:39 PM


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so. IGB reit will higher than 1.25 per lot? Roooom... ==
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panasonic88
post Aug 10 2012, 03:43 PM


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Malaysia Finance blog about IGB Reit.

http://www.malaysiafinance.blogspot.com/20...ext-biggie.html
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davinz18
post Aug 10 2012, 03:47 PM


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Got some good info about IGB Reit.

According to Henry Butcher, the valuation are as below:-

MidValley Megamall value - RM3, 440,000,000

Associated value of the assets in MidValley Megamall - RM1,582,000

The Gardens Mall value - RM1,160,000,000

The Gardens Mall associated with the value of assets - RM10,977,000

A total of - of RM4,612,559,000

The method of raising funds will be divided into two parts

1) The sale of 3,400,000,000 shares, priced at RM1.25 (3,400,000,000 x RM1.25 = of RM4, 250,000,000)

2) The loan fund-raising RM1,213,000,000

2.1) Fixed rate term facilities (Term Loan) - RM1, 200,000,000 (FRTF five-year loan can be extended for two years. 1st-5th fixed interest rate of 4.4%, 6th-7th year fixed interest rate of 5%)

2.2) Standby revolving credit facilities (Overdraft) - RM20, 000,000 (SRCF seven-year loan, floating interest rate of 0.7%)

(Information from page86)

Purchase Price = (RM3, 440,000,000 + of RM1, 160,000,000) / (1,718,951 sq + 817,053 sq.ft) of RM4, 600,000,000 / 2,536,004 = of RM1, 813.88/sq.

For readers not familiar with the Klang Valley, at RM1, 813.88/sq The price is reasonable, in fact very difficult to estimate. But luckily, the proposal provides other competitor for our reference.

Pavillion KL Mall - RM2, 390/sq.

Sungai Wang Plaza - RM1, 607/sq.

Starhill Gallery - RM1, 607/sq.

Sungai Wang Plaza - RM2, 115/sq.

Lot 10 - RM1, 561/sq.

Sunway Pyramid - RM1, 265/sq.

(Information from page A-10) [nitro page287】

the forecast according to the proposals of RM1.25 price buy IGB Reit

2012 Return rate - 5.1%; PE = 19.61

2013 Return rate - 5.37%; PE = 18.62

(Information from page 119)

About Midvalley Mall

2009 occupancy rate - 100 percent; renewal rate - 81.3% (89.6% of the rentable area)

2010 occupancy rate - 99.9%; renewal rate - 82.6% (92.8% leased area)

2011 occupancy rate - 100 percent; renewal rate - 83.8% (93.1% of the rentable area)

2012 to May, the occupancy rate - 99.8%

(Information from page 64 and 65)

The Gardens Mall

2009 occupancy rate - 96.7%; renewal rate - 37% (67.9% of the rentable area)

2010 occupancy rate - 98.2%; renewal rate - 78.2% (89.1% leased area)

2011 occupancy rate - 99.6%; renewal rate - 71.1% (88.9% of the rentable area)

2012 to May, the occupancy rate - 99.7%

(Information from the page 70 and 71)

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katesamsung
post Aug 10 2012, 04:11 PM


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QUOTE(davinz18 @ Aug 10 2012, 03:47 PM)
Got some good info about IGB Reit.

According to Henry Butcher, the valuation are as below:-

MidValley Megamall value - RM3, 440,000,000

Associated value of the assets in MidValley Megamall - RM1,582,000

The Gardens Mall value - RM1,160,000,000

The Gardens Mall associated with the value of assets - RM10,977,000

A total of - of RM4,612,559,000

The method of raising funds will be divided into two parts

1) The sale of 3,400,000,000 shares, priced at RM1.25 (3,400,000,000 x RM1.25 = of RM4, 250,000,000)

2) The loan fund-raising RM1,213,000,000

2.1) Fixed rate term facilities (Term Loan) - RM1, 200,000,000 (FRTF five-year loan can be extended for two years. 1st-5th fixed interest rate of 4.4%, 6th-7th year fixed interest rate of 5%)

2.2) Standby revolving credit facilities (Overdraft) - RM20, 000,000 (SRCF seven-year loan, floating interest rate of 0.7%)

(Information from page86)

Purchase Price = (RM3, 440,000,000 + of RM1, 160,000,000) / (1,718,951 sq + 817,053 sq.ft) of RM4, 600,000,000 / 2,536,004 = of RM1, 813.88/sq.

For readers not familiar with the Klang Valley, at RM1, 813.88/sq The price is reasonable, in fact very difficult to estimate. But luckily, the proposal provides other competitor for our reference.

Pavillion KL Mall - RM2, 390/sq.

Sungai Wang Plaza - RM1, 607/sq.

Starhill Gallery - RM1, 607/sq.

Sungai Wang Plaza - RM2, 115/sq.

Lot 10 - RM1, 561/sq.

Sunway Pyramid - RM1, 265/sq.

(Information from page A-10) [nitro page287】

the forecast according to the proposals of RM1.25 price buy IGB Reit

2012 Return rate - 5.1%; PE = 19.61

2013 Return rate - 5.37%; PE = 18.62

(Information from page 119)

About Midvalley Mall

2009 occupancy rate - 100 percent; renewal rate - 81.3% (89.6% of the rentable area)

2010 occupancy rate - 99.9%; renewal rate - 82.6% (92.8% leased area)

2011 occupancy rate - 100 percent; renewal rate - 83.8% (93.1% of the rentable area)

2012 to May, the occupancy rate - 99.8%

(Information from page 64 and 65)

The Gardens Mall

2009 occupancy rate - 96.7%; renewal rate - 37% (67.9% of the rentable area)

2010 occupancy rate - 98.2%; renewal rate - 78.2% (89.1% leased area)

2011 occupancy rate - 99.6%; renewal rate - 71.1% (88.9% of the rentable area)

2012 to May, the occupancy rate - 99.7%

(Information from the page 70 and 71)
*
Kasset is reversing.

Opportunity for those who missed the boat.

Malaysia Finance blog about IGB reit.
http://www.malaysiafinance.blogspot.com/20...ext-biggie.html

Oppurtunity for bro who havent bought yet...

GRAP IT B4 too late....NOW KASSETS 8.93

no need to play wheel of fortune.....

This post has been edited by katesamsung: Aug 10 2012, 04:20 PM
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panasonic88
post Aug 10 2012, 04:55 PM


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IGB eyes being M'sia's biggest listed REIT

IGB Real Estate Investment Trust is targeting a market value of RM4.25 billion (US$1.4 billion) when it lists in Kuala Lumpur next month, making it Malaysia’s biggest-listed property trust.

The unit of Malaysian property developer IGB Corp. plans to offer 670 million new units to both individuals and institutions, according to a sales document posted on the Securities Commission’s website. IGB’s indicative price for individuals is RM1.25 apiece, at which the whole offering would raise RM837.5 million.

IGB REIT is joining a resurgence in initial public offerings after the benchmark FTSE Bursa Malaysia KLCI Index rose to a record last month. Palm oil producer Felda Global Ventures Holdings Bhd. raised US$3.3 billion when it listed in Kuala Lumpur in July, while hospital operator IHH Healthcare Bhd raised US$2 billion. Institutional demand for shares outstripped supply for both sales.

“IGB REIT’s large asset base will allow it to raise capital in larger amounts to fund future acquisitions, thus placing it in a better competitive position to capitalize on future investment opportunities,” the company said in its prospectus.

The trust owns two Kuala Lumpur shopping malls -- the Gardens Mall and Mid Valley Megamall -- which it acquired from IGB Corp. subsidiary KrisAssets Holdings Bhd. It will generate distributable income of RM108.7 million this year, which is expected to rise to RM230.5 million in 2013, according to the sales document.

Its offering comes after Pavilion Real Estate Investment Trust, another Kuala Lumpur shopping center owner, raised RM710 million in an IPO in November to become the country’s second-biggest property trust by market value. It overtook CapitaMalls Malaysia Trust, a unit of Singapore’s CapitaLand Ltd., which raised RM852 million through an IPO in 2010.

KLCC Property Holdings Bhd, the owner of Malaysia’s 88- story Petronas Twin Towers, said in June that it’s also considering a property trust to boost shareholder value.

Pricing for IGB REIT’s institutional offering will take place on Sept. 4 before the shares debut on Sept. 19, according to the prospectus. CIMB Group Holdings Bhd and Hong Leong Investment Bank Bhd are joint lead managers for the share sale, it said. - Bloomberg

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prophetjul
post Aug 13 2012, 08:12 AM


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QUOTE(panasonic88 @ Aug 10 2012, 04:55 PM)
IGB eyes being M'sia's biggest listed REIT

IGB Real Estate Investment Trust is targeting a market value of RM4.25 billion (US$1.4 billion) when it lists in Kuala Lumpur next month, making it Malaysia’s biggest-listed property trust.

The unit of Malaysian property developer IGB Corp. plans to offer 670 million new units to both individuals and institutions, according to a sales document posted on the Securities Commission’s website. IGB’s indicative price for individuals is RM1.25 apiece, at which the whole offering would raise RM837.5 million.



The trust owns two Kuala Lumpur shopping malls -- the Gardens Mall and Mid Valley Megamall -- which it acquired from IGB Corp. subsidiary KrisAssets Holdings Bhd. It will generate distributable income of RM108.7 million this year, which is expected to rise to RM230.5 million in 2013, according to the sales document.
QUOTE
1) The sale of 3,400,000,000 shares, priced at RM1.25 (3,400,000,000 x RM1.25 = of RM4, 250,000,000)


i am presuming 3.4bil is the shares outstanding.

If that is so, and if distributable income is Rm230m in 2013, propsective yield 2013 will be

230/3400 = 6.76 sen p share

At Rm1.25 , yield will be 6.76/125 = 5.4%...is that good? hmm.gif

Net yield after tax will be even lower

Sounds quite low.......to me anyway smile.gif
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panasonic88
post Aug 13 2012, 09:06 AM


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@prophetjul

I noticed that nowadays mall-reits are towards share appreciation, only followed by the Yield, which is more like a safety net or bonus, not like the olden days.

So "investor" tend to lower down their expectation on DPU, so long as > FD rate, they will be happy to take it.
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Boon3
post Aug 13 2012, 09:14 AM


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QUOTE(panasonic88 @ Aug 13 2012, 09:06 AM)
@prophetjul

I noticed that nowadays mall-reits are towards share appreciation, only followed by the Yield, which is more like a safety net or bonus, not like the olden days.

So "investor" tend to lower down their expectation on DPU, so long as > FD rate, they will be happy to take it.
*
Focused on share appreciation = focused on share going up = "investors" = punters laugh.gif laugh.gif laugh.gif

* run like hell away.................................
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panasonic88
post Aug 13 2012, 09:20 AM


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QUOTE(Boon3 @ Aug 13 2012, 09:14 AM)
Focused on share appreciation = focused on share going up = "investors" = punters  laugh.gif  laugh.gif  laugh.gif 

* run like hell away.................................
*
Stock Market, is either you win, or you lose. Simple.
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prophetjul
post Aug 13 2012, 09:30 AM


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QUOTE(panasonic88 @ Aug 13 2012, 09:06 AM)
@prophetjul

I noticed that nowadays mall-reits are towards share appreciation, only followed by the Yield, which is more like a safety net or bonus, not like the olden days.

So "investor" tend to lower down their expectation on DPU, so long as > FD rate, they will be happy to take it.
*
My understanding is that REITs have very low value appreciation unless their yields or NAV is grossly un noticed.

The share price will not appreciat much unless they can grow thier DPUs.

i gueess speculators will always speculate in anything...... biggrin.gif
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hmn
post Aug 13 2012, 11:13 AM


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when can start apply? mau simpan utk anak cucu kalau dpt...
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cherroy
post Aug 13 2012, 11:21 AM


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QUOTE(panasonic88 @ Aug 13 2012, 09:06 AM)
@prophetjul

I noticed that nowadays mall-reits are towards share appreciation, only followed by the Yield, which is more like a safety net or bonus, not like the olden days.

So "investor" tend to lower down their expectation on DPU, so long as > FD rate, they will be happy to take it.
*
The reason is that, people are more positive about mall ability for rental revision aka rental can be raised easily with full occupancy and high traffic of the mall, so current pricing may as well take into account of future DPU increment.

Also those reit are way larger cap and more liquidity which many fund managers eager to have it as an passive income source as well (this is quite important for those dividend type of fund, insurance fund that run on saving plan etc), coupled with low interest rate environment across, any consistent yield that more than 5% with lower risk profile is highly demanded.


QUOTE(prophetjul @ Aug 13 2012, 09:30 AM)
My understanding is that REITs have very low value appreciation unless their yields or NAV is grossly un noticed.

The share price will not appreciat much unless they can grow thier DPUs.

i gueess speculators will always speculate in anything......    biggrin.gif
*
The reason is simple, too many money around chasing on little thing.
A 4-5% yield is considered a high yield currently.

Yes, Reit pricing always should be following 2 front, yield and NAV.
Malls (those high traffic and fully occupied one), have good bargain power to raise its lease.
Also most malls lease highly on more short term one (correct if I am wrong) before rental revision coming in as compared office/industrial.

Many fund managers willing to settle on a 4-5% yield on their investment at current situation.

This post has been edited by cherroy: Aug 13 2012, 11:22 AM
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katesamsung
post Aug 13 2012, 11:21 AM


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QUOTE(hmn @ Aug 13 2012, 11:13 AM)
when can start apply? mau simpan utk anak cucu kalau dpt...
*
BUY KASSETS

NOW IS RM9.00....STILL BELOW IPO PRICE


>>>GRAP IT B4 TOO LATE
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prophetjul
post Aug 13 2012, 11:33 AM


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QUOTE(cherroy @ Aug 13 2012, 11:21 AM)
The reason is that, people are more positive about mall ability for rental revision aka rental can be raised easily with full occupancy and high traffic of the mall, so current pricing may as well take into account of future DPU increment.

Also those reit are way larger cap and more liquidity which many fund managers eager to have it as an passive income source as well (this is quite important for those dividend type of fund, insurance fund that run on saving plan etc), coupled with low interest rate environment across, any consistent yield that more than 5% with lower risk profile is highly demanded.
The reason is simple, too many money around chasing on little thing.
A 4-5% yield is considered a high yield currently.

Yes, Reit pricing always should be following 2 front, yield and NAV.
Malls (those high traffic and fully occupied one), have good bargain power to raise its lease.
Also most malls lease highly on more short term one (correct if I am wrong) before rental revision coming in as compared office/industrial.

Many fund managers willing to settle on a 4-5% yield on their investment at current situation.
*
Good writeup on the fundamentals of REIT investing....still learning.

i am only investing in SReIts with yeilds of 8% and above..........but not in malls
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katesamsung
post Aug 13 2012, 11:44 AM


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QUOTE(panasonic88 @ Aug 13 2012, 09:06 AM)
@prophetjul

I noticed that nowadays mall-reits are towards share appreciation, only followed by the Yield, which is more like a safety net or bonus, not like the olden days.

So "investor" tend to lower down their expectation on DPU, so long as > FD rate, they will be happy to take it.
*
TO ALL Bro,

Just share info that i have study

Based on indicative IPO offer price of RM1.25/ share,

Each Kassets share will receive 5.24 units of IGB Reits and approximately RM2.73 cash, which bring the total distribution value per Kassets share to RM9.30

Invest or not, up to u
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prophetjul
post Aug 13 2012, 12:04 PM


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QUOTE(katesamsung @ Aug 13 2012, 11:44 AM)
TO ALL Bro,

Just share info that i have study

Based on indicative IPO offer price of RM1.25/ share,

Each Kassets share will receive 5.24 units of IGB Reits and approximately RM2.73 cash, which bring the total distribution value per Kassets share to RM9.30

Invest or not, up to u
*
AND you are asking them to pay for a further 13.7 cents per share with KASSEts at Rm10?

You know what a pumper is?
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katesamsung
post Aug 13 2012, 12:07 PM


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QUOTE(prophetjul @ Aug 13 2012, 12:04 PM)
AND you are asking them to pay for a further 13.7 cents per share with KASSEts at Rm10? 

You know what a pumper is?
*
?????
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prophetjul
post Aug 13 2012, 12:08 PM


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QUOTE(katesamsung @ Aug 13 2012, 12:07 PM)
?????
*
Sorry my mis...its rm9........but your are still pumpin
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katesamsung
post Aug 13 2012, 12:12 PM


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QUOTE(prophetjul @ Aug 13 2012, 12:08 PM)
Sorry my mis...its rm9........but your are still pumpin
*
NVm La..i dun know what u talking.....

U r the one who talk like smart alec here..

I jus share the info to all bro here....Invest or not..up to u all....

If u dun think so..then dun invest..

Very fan...always meet this kind of ppl in the forum

This post has been edited by katesamsung: Aug 13 2012, 12:13 PM
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hmn
post Aug 13 2012, 12:34 PM


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QUOTE(katesamsung @ Aug 13 2012, 12:12 PM)
NVm La..i dun know what u talking.....

U r the one who talk like smart alec here..

I jus share the info to all bro here....Invest or not..up to u all....

If u dun think so..then dun invest..

Very fan...always meet this kind of ppl in the forum
*
thanks for the info... but is it confirm RM1.25... if RM1.10 rugi wooo... furthermore odd lots is headache... need to buy 5.24 so need to buy either 5lots or 50lots. betul tak? rclxub.gif rclxub.gif
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flowking88
post Aug 13 2012, 12:45 PM


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QUOTE(katesamsung @ Aug 13 2012, 12:12 PM)
NVm La..i dun know what u talking.....

U r the one who talk like smart alec here..

I jus share the info to all bro here....Invest or not..up to u all....

If u dun think so..then dun invest..

Very fan...always meet this kind of ppl in the forum
*
Let them be ... I support u..... They don't know how to do the magic calculation ...

1.25 IGB REIT vs 8.98 Kris , still Kris more cheap ............... Don't mislead by Par Price .....


Kris can get 5,240 Unit IGB REIT x RM 1.25 ( IPo Price ) + 2.43 Cash ( Special Div + Cap Repayemnt ) + 0.xx ( Extra Cap repayment ) = The below Scenario

1) If 1st day IGB REIT listed price = 1.25 , u bought at 8.98 , u lose nothing just breakven ,
2) If that 0.xx u get it means your IGB REIT cost will be 1.21 -1.15 or even lower , very hard lose
3) If 1st day IGB REIT litsed price = 1.30-1.35 , u bought at 8.98 , u made money ...... rooms

This week or next week will having annoucement for Kris entilement for IGB REIT , if i am not wrong , later want buy it at 9.00, sure no more chance !! Mostly at 9.00 above ......... Believe it or not up to to .....

Bro Kate , use your words . Room....... Room.... RooMMMMMMMMM !!!!!!!!! icon_idea.gif


Added on August 13, 2012, 1:00 pm
QUOTE(hmn @ Aug 13 2012, 12:34 PM)
thanks for the info... but is it confirm RM1.25... if RM1.10 rugi wooo... furthermore odd lots is headache... need to buy 5.24 so need to buy either 5lots or 50lots. betul tak? rclxub.gif  rclxub.gif
*
1,000 Unit Kris get 5,240 Unit IGB REIT

Odd lot 40 Unit x 1.25 = RM50.00

RM50.00 / RM8980 = only 0.55%


Know investment ppl won't care this kind of minor issue

If really afraid this kind of Odd lot , Buy Kris at 5,000 Unit , 10,000 Unit , 15,000 Unit ...........

This post has been edited by flowking88: Aug 13 2012, 01:00 PM
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katesamsung
post Aug 13 2012, 01:57 PM


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QUOTE(flowking88 @ Aug 13 2012, 12:45 PM)
Let them be ...    I support u.....  They don't know how to do the magic calculation ... 

1.25  IGB REIT vs 8.98 Kris , still Kris more cheap  ...............  Don't mislead by Par Price .....
Kris can get 5,240 Unit IGB REIT x RM 1.25 ( IPo Price ) + 2.43  Cash ( Special Div + Cap Repayemnt ) + 0.xx ( Extra Cap repayment )  =  The below Scenario

1) If 1st day IGB REIT listed price =  1.25  , u bought at 8.98 , u lose nothing just breakven ,
2) If that 0.xx u get it means your IGB REIT cost will be 1.21 -1.15 or even lower , very hard lose
3) If 1st day IGB REIT litsed price = 1.30-1.35 , u bought at 8.98 , u made money  ......  rooms 

This week or next week will having annoucement for Kris entilement for IGB REIT , if i am not wrong , later  want buy it at 9.00, sure no more chance !!  Mostly at 9.00 above  .........  Believe it or not up to to  .....

Bro Kate , use your words  .    Room.......  Room.... RooMMMMMMMMM  !!!!!!!!!      icon_idea.gif


Added on August 13, 2012, 1:00 pm
1,000 Unit Kris get 5,240 Unit IGB REIT

Odd lot 40 Unit x 1.25 = RM50.00

RM50.00 / RM8980 = only 0.55% 
Know investment ppl won't care this kind of minor issue

If really afraid this kind of Odd lot , Buy Kris at  5,000 Unit , 10,000 Unit , 15,000 Unit ...........
*
Thanks for ur support.....

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sparc18
post Aug 13 2012, 04:32 PM


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QUOTE(flowking88 @ Aug 13 2012, 12:45 PM)
Let them be ...    I support u.....  They don't know how to do the magic calculation ... 

1.25  IGB REIT vs 8.98 Kris , still Kris more cheap  ...............  Don't mislead by Par Price .....
Kris can get 5,240 Unit IGB REIT x RM 1.25 ( IPo Price ) + 2.43  Cash ( Special Div + Cap Repayemnt ) + 0.xx ( Extra Cap repayment )  =  The below Scenario

1) If 1st day IGB REIT listed price =  1.25  , u bought at 8.98 , u lose nothing just breakven ,
2) If that 0.xx u get it means your IGB REIT cost will be 1.21 -1.15 or even lower , very hard lose
3) If 1st day IGB REIT litsed price = 1.30-1.35 , u bought at 8.98 , u made money  ......  rooms 

This week or next week will having annoucement for Kris entilement for IGB REIT , if i am not wrong , later  want buy it at 9.00, sure no more chance !!  Mostly at 9.00 above  .........  Believe it or not up to to  .....

Bro Kate , use your words  .    Room.......  Room.... RooMMMMMMMMM  !!!!!!!!!      icon_idea.gif


Added on August 13, 2012, 1:00 pm
1,000 Unit Kris get 5,240 Unit IGB REIT

Odd lot 40 Unit x 1.25 = RM50.00

RM50.00 / RM8980 = only 0.55% 
Know investment ppl won't care this kind of minor issue

If really afraid this kind of Odd lot , Buy Kris at  5,000 Unit , 10,000 Unit , 15,000 Unit ...........
*
welcome lyn-new forum member smile.gif

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cherroy
post Aug 13 2012, 04:55 PM


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QUOTE(katesamsung @ Aug 10 2012, 09:02 AM)
KASSETS - RM 9.00 Liao - ROOOOOOOOOMMMMMMMM  rclxms.gif
*
Since you are not keen to sell Kassets, but hold IGBreit for 3-6 months, whether Kassets Vroom or Vroom Vroom to whatever price, it makes no different. smile.gif

It is better off hoping IGBreit Vroom. laugh.gif
So it doesn't make sense to feel Vroom when Kassets Vroom to Rm9 or Rm9.50 if one doesn't keen to sell off Kassets.

Whether Kassets vroom to Rm10, or Rm11, it won't alter the performance of IGBreit later on when listing.

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river.sand
post Aug 13 2012, 05:00 PM


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QUOTE(flowking88 @ Aug 13 2012, 12:45 PM)
» Click to show Spoiler - click again to hide... «


Bro Kate , use your words  .    Room.......  Room.... RooMMMMMMMMM  !!!!!!!!!      icon_idea.gif


Added on August 13, 2012, 1:00 pm
» Click to show Spoiler - click again to hide... «

*
Kate is bro or sis brows.gif
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post Aug 13 2012, 05:14 PM


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QUOTE(cherroy @ Aug 13 2012, 04:55 PM)
Since you are not keen to sell Kassets, but hold IGBreit for 3-6 months, whether Kassets Vroom or Vroom Vroom to whatever price, it makes no different.  smile.gif

It is better off hoping IGBreit Vroom.  laugh.gif
So it doesn't make sense to feel Vroom when Kassets Vroom to Rm9 or Rm9.50 if one doesn't keen to sell off Kassets.

Whether Kassets vroom to Rm10, or Rm11, it won't alter the performance of IGBreit later on when listing.
*
thumbup.gif

From the "high frequency + low level content" posted by the "vroom vroom bro", i think 99% he has lots of Kassets to be sold before the IGBreit IPO. tongue.gif

This post has been edited by yok70: Aug 13 2012, 05:20 PM
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katesamsung
post Aug 13 2012, 05:32 PM


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QUOTE(yok70 @ Aug 13 2012, 05:14 PM)
thumbup.gif

From the "high frequency + low level content" posted by the "vroom vroom bro", i think 99% he has lots of Kassets to be sold before the IGBreit IPO.  tongue.gif
*
i did invest at KASSETS.. and i didnt sell any of them.....will keep for passive income for long term....Building my 15k passive income a month....

Mid Valley being the one of the hottest Mall in Malaysia....Even i think Paviilion also lose to Mid Valley in term of human traffic...


Publika...SS2 mall....1shamelin....u go n visit ...u know the different

Invest or not...up to u...


Added on August 13, 2012, 5:35 pm
QUOTE(yok70 @ Aug 13 2012, 05:14 PM)
thumbup.gif

From the "high frequency + low level content" posted by the "vroom vroom bro", i think 99% he has lots of Kassets to be sold before the IGBreit IPO.  tongue.gif
*
Very hard to share info at forum

When we share info about a stock...ask to invest......then ppl wil think we wan to sell to them

When dun share info, then will say ..stingy...this and that

Ok la....no more info about this KASSETS.....u all look for urself....



This post has been edited by katesamsung: Aug 13 2012, 05:35 PM
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flowking88
post Aug 13 2012, 05:52 PM


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QUOTE(katesamsung @ Aug 13 2012, 05:32 PM)
i did invest at KASSETS.. and i didnt sell any of them.....will keep for passive income for long term....Building my 15k passive income a month....

Mid Valley being the one of the hottest Mall in Malaysia....Even i think Paviilion also lose to Mid Valley in term of human traffic...
Publika...SS2 mall....1shamelin....u go n visit ...u know the different

Invest or not...up to u...


Added on August 13, 2012, 5:35 pm
Very hard to share info at forum

When we share info about a stock...ask to invest......then ppl wil think we wan to sell to them

When dun share info, then will say ..stingy...this and that

Ok la....no more info about this KASSETS.....u all look for urself....
*
Bro Kate ,

Later they sure will regret not in at 8.90-9.00 , they stil not understand the lobang we said, let time prove it ( very soon - just need another 2 week or 1 mth ) ,

They still scare the price from 7.80 to 9.00 , they think high ....... tehy still think 9.00 is expensive , but 1.25 is cheap ..... rolleyes.gif

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john123x
post Aug 13 2012, 06:12 PM


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regarding kasset, require more info.

1. 2.73 or 2.43 dividend plus capital repayment?
2. where and how do u know its rm1.25 IPO price?
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cherroy
post Aug 13 2012, 09:19 PM


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QUOTE(katesamsung @ Aug 13 2012, 05:32 PM)
i did invest at KASSETS.. and i didnt sell any of them.....will keep for passive income for long term....Building my 15k passive income a month....

Mid Valley being the one of the hottest Mall in Malaysia....Even i think Paviilion also lose to Mid Valley in term of human traffic...
Publika...SS2 mall....1shamelin....u go n visit ...u know the different

Invest or not...up to u...


Added on August 13, 2012, 5:35 pm
Very hard to share info at forum

When we share info about a stock...ask to invest......then ppl wil think we wan to sell to them

When dun share info, then will say ..stingy...this and that

Ok la....no more info about this KASSETS.....u all look for urself....
*
Actually, in the forum, we do not ask people to invest in A or B.

We just share opinion, view, and info.
It is not right to ask anyone to invest a particular stock, even it is super cheap, no brainer price, or worth every penny of it, or the share is super duper cheap, and will make one become millionaire or billionaire afterwards.

Whatever info and opinion, we are indeed welcome with many thanks,
but not asking anyone to invest.
Whether want to invest or not, it is up to individual decision, preference.

Yes, at near 9.00 is about equivalent to IGBreit IPO pricing.
But it doesn't make sense to be vroom about Kassets market pricing, even it shoot to Rm10 or 15, if one has no intention to sell off Kassets.
As eventually all Kassets share will cease and one own the capital repayment cash + IGBreit.


Added on August 13, 2012, 9:27 pm
QUOTE(flowking88 @ Aug 13 2012, 05:52 PM)
Bro Kate ,

Later they sure will regret not in at 8.90-9.00 , they stil not understand the lobang we said, let time prove it ( very soon - just need another 2 week or 1 mth )  ,

They still scare the price from 7.80  to  9.00  , they think high  .......    tehy still think 9.00 is expensive , but 1.25 is cheap  .....        rolleyes.gif
*
It is not people don't understand can get IGBreit through Kassets, and how much its equivalent.
Nobody dispute the calculation and valuation of IGBreit at Rm1.25 vs Rm9 Kassets.

Just other people may not want to take the risk of it, or time risk of it. As from IPO listing + its capital repayment, it takes sometimes.
Yes, IGBreit highly may chalk up some premium when first day of listing (me also think highly will around RM1.3x), but there are still time risk in between.
Who knows what can happen in between the time, even if it is highly unlikely.

So people want to buy or not buy, it is up to individual preference.
There is nothing wrong, if one not willing to take the risk (that's why we see there are still constant seller in Kassets). Those don't want to wait, rather take cash now by selling Kassets, and don't want to wait for IGBreit + capital repayment.
While other see can squeeze a few cents or ten plus cents, by buying Kassets at RM9.00.





This post has been edited by cherroy: Aug 13 2012, 09:27 PM
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cherroy
post Aug 13 2012, 09:45 PM


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QUOTE(flowking88 @ Aug 13 2012, 12:45 PM)
Let them be ...     I support u.....  They don't know how to do the magic calculation ... 

1.25  IGB REIT vs 8.98 Kris , still Kris more cheap  ...............  Don't mislead by Par Price .....
Kris can get 5,240 Unit IGB REIT x RM 1.25 ( IPo Price ) + 2.43  Cash ( Special Div + Cap Repayemnt ) + 0.xx ( Extra Cap repayment ) =  The below Scenario

1) If 1st day IGB REIT listed price =  1.25  , u bought at 8.98 , u lose nothing just breakven ,
2) If that 0.xx u get it means your IGB REIT cost will be 1.21 -1.15 or even lower , very hard lose
3) If 1st day IGB REIT litsed price = 1.30-1.35 , u bought at 8.98 , u made money  ......  rooms 

This week or next week will having annoucement for Kris entilement for IGB REIT , if i am not wrong , later  want buy it at 9.00, sure no more chance !!  Mostly at 9.00 above  .........  Believe it or not up to to  .....

Bro Kate , use your words  .    Room.......  Room.... RooMMMMMMMMM  !!!!!!!!!       icon_idea.gif

*
There is no extra cap repayment in the proposal of disposal of Midvalley and subsequent delisting of Kassets, as far as I remembered.

If buy at Rm9.00, total cost including commission is about Rm9.05 - 2.43 / 5240 = Rm1.263, so one needs to sell above Rm1.28 (as need to deduct the sell commission side as well) to make a profit.
if at Rm9.05 means need to sell above 1.29.

Also capital repayment take considerable longer time to materialise generally which already stated expectation of completion of capital repayment may be around March 2013.
So half + year to go for the Rm2.43, which if one sell now on Kassets can get the cash after T+3, and earn a 1.x% from the FD interest, which is about RM0.03. laugh.gif


Added on August 13, 2012, 9:59 pm

This post has been edited by cherroy: Aug 13 2012, 10:00 PM
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cherroy
post Aug 13 2012, 10:00 PM


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QUOTE(john123x @ Aug 13 2012, 06:12 PM)
regarding kasset, require more info.

1. 2.73 or 2.43 dividend plus capital repayment?
2. where and how do u know its rm1.25 IPO price?
*
1. 2.43
2. See the first page of this topic.
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flowking88
post Aug 13 2012, 10:50 PM


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Who say no extra cap repayemnt 0.xx ?

1st Tips - 2.43 based on 31-12-2011
2nd tips - Go read circular to saherholder dd 5/6/2012 , Salient Terms of The Drafts SPA

Read carefully before u made any comment .

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wayne84
post Aug 13 2012, 11:21 PM


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QUOTE(katesamsung @ Aug 13 2012, 05:32 PM)
i did invest at KASSETS.. and i didnt sell any of them.....will keep for passive income for long term....Building my 15k passive income a month....

Mid Valley being the one of the hottest Mall in Malaysia....Even i think Paviilion also lose to Mid Valley in term of human traffic...
Publika...SS2 mall....1shamelin....u go n visit ...u know the different

Invest or not...up to u...


Added on August 13, 2012, 5:35 pm
Very hard to share info at forum

When we share info about a stock...ask to invest......then ppl wil think we wan to sell to them

When dun share info, then will say ..stingy...this and that

Ok la....no more info about this KASSETS.....u all look for urself....
*
No...Bro Kate, isnt if buy KASSETS need to hold the share for few months..right? The main reason i dun buy is i need cash for Astro IPO...lolx. Is that make sense?
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dopp
post Aug 14 2012, 08:38 AM


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We can start buy on 19th?
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cherroy
post Aug 14 2012, 09:47 AM


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QUOTE(flowking88 @ Aug 13 2012, 10:50 PM)
Who say no extra cap repayemnt  0.xx  ?

1st Tips  - 2.43 based on 31-12-2011
2nd tips - Go read circular to saherholder dd 5/6/2012 , Salient Terms of The Drafts SPA

Read carefully before u made any comment .
*
That's why I said as far as I remembered, smile.gif if you have the info, please post the details, many thanks in the first place, and the figure instead of 0.xx

Everything is clear cut, and has a figure (be it projected or estimated) under the proposal, they won't put Rm0.xx figure in the proposal. laugh.gif

One thing one must remember, capital repayment won't be a speedy process. So can I make this comment? biggrin.gif
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fergie1100
post Aug 14 2012, 10:02 AM


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i would rather try luck with the IPO or buy on the listing day by paying more. Reasons:
- As mentioned by Cherroy, cap rep did take sometimes, so capital will be tied up for sometimes
- Buying 1K kassets will result in odd lot of IGB reit (I can't afford to buy more to avoid the odd lot.... =p)
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kingzzfed
post Aug 14 2012, 11:07 AM


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QUOTE(fergie1100 @ Aug 14 2012, 10:02 AM)
i would rather try luck with the IPO or buy on the listing day by paying more. Reasons:
- As mentioned by Cherroy, cap rep did take sometimes, so capital will be tied up for sometimes
- Buying 1K kassets will result in odd lot of IGB reit (I can't afford to buy more to avoid the odd lot.... =p)
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paying more? means if the opening price is 1.25 then u queue at 1.28? biggrin.gif
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praveenmarkandu
post Aug 14 2012, 11:13 AM


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QUOTE(kingzzfed @ Aug 14 2012, 11:07 AM)
paying more? means if the opening price is 1.25 then u queue at 1.28?  biggrin.gif
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haha you wish. not sure who is gonna sell at only a 3 sen premium .IPOs are hot property now. A lot of the big ones open above listing price. dont see how this would be any different.
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aidan2306
post Aug 14 2012, 11:38 AM


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QUOTE(katesamsung @ Aug 13 2012, 11:44 AM)
TO ALL Bro,

Just share info that i have study

Based on indicative IPO offer price of RM1.25/ share,

Each Kassets share will receive 5.24 units of IGB Reits and approximately RM2.73 cash, which bring the total distribution value per Kassets share to RM9.30

Invest or not, up to u
*
Sorry guys..newbie here...got a question I would like to ask..based on what I read it means tht if we buy Kasset share now, we will be eligible for 5.24 units of IGB automatically when it is released? So tht means on top of the Kasset share I bought, I would have another extra 5 units of IGB REIT...did I interpret it correctly? Thx in advance notworthy.gif notworthy.gif
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fergie1100
post Aug 14 2012, 12:16 PM


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QUOTE(aidan2306 @ Aug 14 2012, 11:38 AM)
Sorry guys..newbie here...got a question I would like to ask..based on what I read it means tht if we buy Kasset share now, we will be eligible for 5.24 units of IGB automatically when it is released? So tht means on top of the Kasset share I bought, I would have another extra 5 units of IGB REIT...did I interpret it correctly? Thx in advance  notworthy.gif  notworthy.gif
*
dont confused IGB with IGB reit my fren biggrin.gif
buy kasset, u get IGB reit + cap repay.... then kasset delist


Added on August 14, 2012, 12:19 pm
QUOTE(kingzzfed @ Aug 14 2012, 11:07 AM)
paying more? means if the opening price is 1.25 then u queue at 1.28?  biggrin.gif
*
well, since most of the IPOs nowadays are kinda hot..... i guess u'll need to pay more than the IPO price when it's listed...
unless something else happen... drool.gif

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Smurfs
post Aug 14 2012, 12:37 PM


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QUOTE(fergie1100 @ Aug 14 2012, 12:16 PM)
well, since most of the IPOs nowadays are kinda hot..... i guess u'll need to pay more than the IPO price when it's listed...
unless something else happen...  drool.gif
*
we dont know what will happened on the listing day biggrin.gif

but anyway i wont mind paying a little more to get this REIT since i treat it as a fixed income instrument.

capital appreciation + dividend payout semi-annually / quarterly drool.gif kinda rewarding biggrin.gif
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flowking88
post Aug 14 2012, 12:38 PM


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QUOTE(cherroy @ Aug 14 2012, 09:47 AM)
That's why I said as far as I remembered,  smile.gif  if you have the info, please post the details, many thanks in the first place, and the figure instead of 0.xx

Everything is clear cut, and has a figure (be it projected or estimated) under the proposal, they won't put Rm0.xx figure in the proposal.  laugh.gif

One thing one must remember, capital repayment won't be a speedy process. So can I make this comment?  biggrin.gif
*
Go read it yourself , i already give u so many clues , i don't have obligation give so details .

wat i can says is stuck 2.43 also worth , coz that 0.xx sure worth for your to stuck 6 mth

Believe or not up to u, later Kris forthcoming announcement will prove my statement .

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cherroy
post Aug 14 2012, 01:38 PM


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QUOTE(flowking88 @ Aug 14 2012, 12:38 PM)
Go read it yourself , i already give u so many clues , i don't have obligation give so details .

wat i can says is stuck 2.43 also worth  , coz that 0.xx sure worth for your to stuck 6 mth 

Believe or not up to u, later Kris forthcoming announcement will prove my statement .
*
Please help us, we just want the info, and somebody pin-point the info only, if one already came across. You know the proposal can be lengthy and some may not well verse with corporate exercise method/wording.
We just want to know what is the amount 0.xx, where it comes from, instead of 0.xx.

Tell good about the stock and (even ask to buy the stock), then tell us to find ourself? cry.gif cry.gif

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cherroy
post Aug 14 2012, 01:40 PM


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QUOTE(praveenmarkandu @ Aug 14 2012, 11:13 AM)
haha you wish. not sure who is gonna sell at only a 3 sen premium .IPOs are hot property now. A lot of the big ones open above listing price. dont see how this would be any different.
*
Reit is not ordinary stock, its upside is always capped by its potential yield and NAV.

You won't see a reit IPO at Rm1.25, but open at RM2.00. Very unlikely to happen.


Added on August 14, 2012, 1:41 pm
QUOTE(kingzzfed @ Aug 14 2012, 11:07 AM)
paying more? means if the opening price is 1.25 then u queue at 1.28?  biggrin.gif
*
I won't surprise it opens at Rm1.3x.

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panasonic88
post Aug 14 2012, 03:12 PM


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Average up my Kasset

Current cost for IGB Reit is RM1.10 AKA 6% yield

Still a comfortable level.
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yok70
post Aug 14 2012, 04:01 PM


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QUOTE(flowking88 @ Aug 14 2012, 12:38 PM)
Go read it yourself , i already give u so many clues , i don't have obligation give so details .

wat i can says is stuck 2.43 also worth  , coz that 0.xx sure worth for your to stuck 6 mth 

Believe or not up to u, later Kris forthcoming announcement will prove my statement .
*
you ARE katesamsung. this, i am....98% sure. tongue.gif
every time someone asked a question, you(or he) never able to answer. just able to ask people to buy buy buy only. ie the wrong info on cash repayment. You(or he) just ignore and continue to spam. biggrin.gif


Added on August 14, 2012, 4:03 pm
QUOTE(panasonic88 @ Aug 14 2012, 03:12 PM)
Average up my Kasset

Current cost for IGB Reit is RM1.10 AKA 6% yield

Still a comfortable level.
*
It begins to drop today....pretty much as expected. some people won't want 30% of their cash being locked up for 6 months before getting it back by the cash repayment. biggrin.gif
nice timing you got there to average up. thumbup.gif I started too early, bought some at higher price close to 8.98.
still got a bit more to accumulate before rounding up without odd lots. thumbup.gif

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panasonic88
post Aug 14 2012, 04:05 PM


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lol creating a duplicate a/c & talk among himself? tongue.gif

Moderator definitely able to know whether he is a dup or not brows.gif

By the way, Kasset retreat to 8.78, aka RM1.21, a slight premium if compare to IPO.
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yok70
post Aug 14 2012, 04:09 PM


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QUOTE(panasonic88 @ Aug 14 2012, 04:05 PM)
lol creating a duplicate a/c & talk among himself? tongue.gif

Moderator definitely able to know whether he is a dup or not brows.gif

By the way, Kasset retreat to 8.78, aka RM1.21, a slight premium if compare to IPO.
*
no, moderator also cannot tell. because they can use different IP (creating and accessing through different internet host).
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panasonic88
post Aug 14 2012, 04:12 PM


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Some listing info of IGB:

Get your bullet ready for those who want to buy from IPO.

===

上市时间表

8月23号——公开让公众申请IPO

8月28号——公开让机构申请IPO

8月30号——截止公众申请IPO

9月4号——截止机构申请IPO

9月4号——确定IPO售价(公众申请价RM1.25,机构申请价将根据投标价。如果机构申请价低于公众申请价RM1.25,那么就会根据机构申请价定价,差异将会回退给公众。最高价将不会超过RM1.25)

9月5号——公众申请抽签日

9月18号——转入股票到成功申请者户口

9月19号——大马主版交易所上市

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elea88
post Aug 14 2012, 04:12 PM


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QUOTE(flowking88 @ Aug 14 2012, 12:38 PM)
Go read it yourself , i already give u so many clues , i don't have obligation give so details .

wat i can says is stuck 2.43 also worth  , coz that 0.xx sure worth for your to stuck 6 mth 

Believe or not up to u, later Kris forthcoming announcement will prove my statement .
*
Ya i totally agree . to get IGB REITS better buy KASSETS.. slim chance with IPO


Added on August 14, 2012, 4:13 pm
QUOTE(yok70 @ Aug 14 2012, 04:01 PM)
you ARE katesamsung. this, i am....98% sure.  tongue.gif
every time someone asked a question, you(or he) never able to answer. just able to ask people to buy buy buy only. ie the wrong info on cash repayment. You(or he) just ignore and continue to spam.  biggrin.gif


Added on August 14, 2012, 4:03 pm

It begins to drop today....pretty much as expected. some people won't want 30% of their cash being locked up for 6 months before getting it back by the cash repayment.  biggrin.gif
nice timing you got there to average up.  thumbup.gif  I started too early, bought some at higher price close to 8.98.
still got a bit more to accumulate before rounding up without odd lots.  thumbup.gif
*
i malas to count.. can u let me know.. how many kassets to buy to get no odd lots for IGB REITS?


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katesamsung
post Aug 14 2012, 04:18 PM


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[quote=yok70,Aug 14 2012, 04:01 PM]
you ARE katesamsung. this, i am....98% sure. tongue.gif
every time someone asked a question, you(or he) never able to answer. just able to ask people to buy buy buy only. ie the wrong info on cash repayment. You(or he) just ignore and continue to spam. biggrin.gif

i think u have gone nuts....Simply say...I'm no need to do this kind of things.....

I think u have done it b4 since u so good being accuse ppl laugh.gif


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fergie1100
post Aug 14 2012, 04:29 PM


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QUOTE(panasonic88 @ Aug 14 2012, 03:12 PM)
Average up my Kasset

Current cost for IGB Reit is RM1.10 AKA 6% yield

Still a comfortable level.
*
brrrrrrrr..... U & moppy r the lucky one..... next time pm me 1st on such thing ya?.....lol
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yok70
post Aug 14 2012, 08:36 PM


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QUOTE(elea88 @ Aug 14 2012, 04:12 PM)
i malas to count.. can u let me know.. how many kassets to buy to get no odd lots for IGB REITS?
*
2500x yawn.gif
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iamsobloodysick
post Aug 14 2012, 11:43 PM


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QUOTE(cherroy @ Aug 13 2012, 09:45 PM)
There is no extra cap repayment in the proposal of disposal of Midvalley and subsequent delisting of Kassets, as far as I remembered.

If buy at Rm9.00, total cost including commission is about Rm9.05 - 2.43 / 5240 = Rm1.263, so one needs to sell above Rm1.28 (as need to deduct the sell commission side as well) to make a profit.
if at Rm9.05 means need to sell above 1.29.

Also capital repayment take considerable longer time to materialise generally which already stated expectation of completion of capital repayment may be around March 2013.
So half + year to go for the Rm2.43, which if one sell now on Kassets can get the cash after T+3, and earn a 1.x% from the FD interest, which is about RM0.03.  laugh.gif


Added on August 13, 2012, 9:59 pm
*

Bro cherroy, I thought I missed the kasssets/igbreits boat since the news about igbreits to be listed at RM1.25. But after going through the proposal over the weekends, I arrived at the same 'valuation' as some 'promoters' (jk) here. biggrin.gif The proposal in June (or earlier?) was done based on the assumption that the igbreits would be ipo'ed at RM1.00. Now that they announced the ipo price could be as much as RM1.25, what would KASSET do about the extra 670mil*RM0.25 if not giving back to shareholders? Did I miss anything?
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gskow
post Aug 15 2012, 08:48 AM


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[quote=katesamsung,Aug 14 2012, 04:18 PM]
[quote=yok70,Aug 14 2012, 04:01 PM]
you ARE katesamsung. this, i am....98% sure. tongue.gif
every time someone asked a question, you(or he) never able to answer. just able to ask people to buy buy buy only. ie the wrong info on cash repayment. You(or he) just ignore and continue to spam. biggrin.gif

i think u have gone nuts....Simply say...I'm no need to do this kind of things.....

I think u have done it b4 since u so good being accuse ppl laugh.gif
*

[/quote]


come bro, i support u too.
bcs i know who is "flowking88“, i can 100% sure is not u.

hope later dun have ppl said i am katesamsung or flowking88 liao


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cherroy
post Aug 15 2012, 09:31 AM


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QUOTE(iamsobloodysick @ Aug 14 2012, 11:43 PM)
Bro cherroy, I thought I missed the kasssets/igbreits boat since the news about igbreits to be listed at RM1.25. But after going through the proposal over the weekends, I arrived at the same 'valuation' as some 'promoters' (jk) here. biggrin.gif The proposal in June (or earlier?) was done based on the assumption that the igbreits would be ipo'ed at RM1.00. Now that they announced the ipo price could be as much as RM1.25, what would KASSET do about the extra 670mil*RM0.25 if not giving back to shareholders? Did I miss anything?
*
Yes, thank you for the info. notworthy.gif
I am searching for this answer, I am so down (feel so lonely being left out, tell me to find myself cry.gif ) after people tell me to find my own after talk good about the stock.

So we can count how much roughly extra that one would get instead of RM0.xx (which left me in the dark), roughly 160 million divided by the Kassets shares after settlement of liabilities.

This post has been edited by cherroy: Aug 15 2012, 09:39 AM
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cherroy
post Aug 15 2012, 09:36 AM


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QUOTE(gskow @ Aug 15 2012, 08:48 AM)
come bro, i support u too.

*
err... this is investment issue, why need to support or not support? rclxub.gif

We appreciate info shared, or view posted or even opinion from different angle.

We always welcomed any forumers posted their view, and appreciated any helpful posts.
So make it a good forum to read on, instead need to become a camp of supporter or not, there is never need to do so.
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SmuffyJ
post Aug 15 2012, 09:59 AM


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who's planning to apply?
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fergie1100
post Aug 15 2012, 10:32 AM


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QUOTE(SmuffyJ @ Aug 15 2012, 09:59 AM)
who's planning to apply?
*
i think i'll try luck.... hmmm....
can apply tru maybank2u o pbbank e-share rite? i heard it's faster than apply tru ATM, wic u need to get bank draft & so
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panasonic88
post Aug 15 2012, 10:46 AM


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QUOTE(SmuffyJ @ Aug 15 2012, 09:59 AM)
who's planning to apply?
*
Depends on individual, how much you want this IGB Reit.

A) I MUST HAVE IT: Buy kasset now.(RM1.21)
B) I Play Tikam Try Luck: IPO (RM1.25)
C) I Buy on Listing Day: Probably at higher premium (RM1.3X)

You can also mix them up.
Buy Kasset now, try luck on IPO, buy again on listing day. Options! biggrin.gif
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praveenmarkandu
post Aug 15 2012, 10:59 AM


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Will try for this during IPO. 8 lots. If I dont get (which seems to be the case all the time) I will go for less on listing day.
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prophetjul
post Aug 15 2012, 11:30 AM


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QUOTE(panasonic88 @ Aug 15 2012, 10:46 AM)
Depends on individual, how much you want this IGB Reit.

A) I MUST HAVE IT: Buy kasset now.(RM1.21)
B) I Play Tikam Try Luck: IPO (RM1.25)
C) I Buy on Listing Day: Probably at higher premium (RM1.3X)

You can also mix them up.
Buy Kasset now, try luck on IPO, buy again on listing day. Options! biggrin.gif
*
D) Why bother at all? Is it 'cheap' at RM1.2?
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panasonic88
post Aug 15 2012, 12:14 PM


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@prophetjul
Ah, that is ONE Option, too. biggrin.gif
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cherroy
post Aug 15 2012, 12:51 PM


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QUOTE(panasonic88 @ Aug 15 2012, 10:46 AM)
Depends on individual, how much you want this IGB Reit.

A) I MUST HAVE IT: Buy kasset now.(RM1.21)
B) I Play Tikam Try Luck: IPO (RM1.25)
C) I Buy on Listing Day: Probably at higher premium (RM1.3X)

You can also mix them up.
Buy Kasset now, try luck on IPO, buy again on listing day. Options! biggrin.gif
*
Personally I take C)
No hassle, don't need to lock up some money for 6 months plus and potential odd lot (Personally don't like odd lot, make CDS statement not tidy, want figure at the back all 000 one. biggrin.gif )
IPO? don't know can get or not.

C) Straight forwards, if IGBreit future is good, a few cents expensive seems trivia over the long term (5-10 years).
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zamans98
post Aug 15 2012, 01:18 PM


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Buy IPO offer or open market.
Your locked your fund via KAASSET, whereby its better to roll in applying other iPO while waiting for IGB_R to be issued.
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ronnie
post Aug 15 2012, 03:43 PM


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When is the IPO open for submission ?
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H86
post Aug 15 2012, 04:23 PM


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QUOTE(cherroy @ Aug 15 2012, 12:51 PM)
Personally I take C)
No hassle, don't need to lock up some money for 6 months plus and potential odd lot (Personally don't like odd lot, make CDS statement not tidy, want figure at the back all 000 one.  biggrin.gif )
IPO? don't know can get or not.

C) Straight forwards, if IGBreit future is good, a few cents expensive seems trivia over the long term (5-10 years).
*
I remember that it mentioned in 1 of the few months earlier announcement that there will be no odd lots from KASSETS into IGB REIT.

It will be round down (e.g. 4444 shares will only get you 44 lots or 8888 shares will be 88 lots but not 89 lots).
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panasonic88
post Aug 15 2012, 04:28 PM


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QUOTE(H86 @ Aug 15 2012, 04:23 PM)
I remember that it mentioned in 1 of the few months earlier announcement that there will be no odd lots from KASSETS into IGB REIT.

It will be round down (e.g. 4444 shares will only get you 44 lots or 8888 shares will be 88 lots but not 89 lots).
*
I read that as well, if am not mistaken, for every 1000 shares of Kasset, you'll get 5250 units (not 5240 units).
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cherroy
post Aug 15 2012, 04:30 PM


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QUOTE(panasonic88 @ Aug 15 2012, 04:28 PM)
I read that as well, if am not mistaken, for every 1000 shares of Kasset, you'll get 5250 units (not 5240 units).
*
5250

50 shares is still an odd lot for tradable min amount.

If 5200 or 5300 then no odd lot.
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panasonic88
post Aug 15 2012, 04:32 PM


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QUOTE(cherroy @ Aug 15 2012, 04:30 PM)
5250

50 shares is still an odd lot for tradable min amount.

If 5200 or 5300 then no odd lot.
*
You can buy 4000 shares of Kasset

5250 x 4 = 21,000

Ta-da, no odd lots. laugh.gif
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H86
post Aug 15 2012, 05:41 PM


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QUOTE(panasonic88 @ Aug 15 2012, 04:32 PM)
You can buy 4000 shares of Kasset

5250 x 4 = 21,000

Ta-da, no odd lots. laugh.gif
*
4000 shares not cheap with current price.. lol.

There will be no odd lots for IGB REIT because every KASSETS holder will only get round down lots. 1000 shares of KASSETS let say getting 5240 or 5250 shares in IGB REIT, the actual shares received is only 52 lots.

If it is 5.25 times, then can avoid wasting shares by buying 4000 KASSETS shares.

This post has been edited by H86: Aug 15 2012, 05:44 PM
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jayx733
post Aug 15 2012, 06:00 PM


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QUOTE(H86 @ Aug 15 2012, 05:41 PM)
4000 shares not cheap with current price.. lol.

There will be no odd lots for IGB REIT because every KASSETS holder will only get round down lots. 1000 shares of KASSETS let say getting 5240 or 5250 shares in IGB REIT, the actual shares received is only 52 lots.

If it is 5.25 times, then can avoid wasting shares by buying 4000 KASSETS shares.
*
Hi,sifu icon_question.gif

can i know where u get the info that (will round up to '00 shares) from?

because i dnt want to wasting shares,but i dnt know is 5240 or 5250 cry.gif

even if buy 4000 if 5240 that will wasting 60 share too if round up rclxub.gif

pls help.......

thank you
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H86
post Aug 15 2012, 06:10 PM


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QUOTE(jayx733 @ Aug 15 2012, 06:00 PM)
Hi,sifu icon_question.gif

can i know where u get the info that (will round up to '00 shares) from?

because i dnt want to wasting shares,but i dnt know is 5240 or 5250 cry.gif

even if buy 4000 if 5240 that will wasting 60 share too if round up rclxub.gif

pls help.......

thank you
*
The information of 5240 or 5250 was already known few months ago. I have already forgotten it by myself. You can try to search on the thread few months ago and see what should the number be.

Just to correct on your words. It is "round down" but not "round up". In school, we studied round up in mathematics but not round down.
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jayx733
post Aug 15 2012, 06:20 PM


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QUOTE(H86 @ Aug 15 2012, 06:10 PM)
The information of 5240 or 5250 was already known few months ago. I have already forgotten it by myself. You can try to search on the thread few months ago and see what should the number be.

Just to correct on your words. It is "round down" but not "round up". In school, we studied round up in mathematics but not round down.
*
paiseh for my english laugh.gif

but i just checked the circular

i still cannot find about the (round down) and about the 5250




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H86
post Aug 15 2012, 08:48 PM


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QUOTE(jayx733 @ Aug 15 2012, 06:20 PM)
paiseh for my english laugh.gif

but i just checked the circular

i still cannot find about the (round down) and about the 5250
*
http://krisassets.com/bursa/2012/110512.pdf

Look at page 9 in this pdf file and you should be able to see it.
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jayx733
post Aug 15 2012, 09:27 PM


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QUOTE(H86 @ Aug 15 2012, 08:48 PM)
http://krisassets.com/bursa/2012/110512.pdf

Look at page 9 in this pdf file and you should be able to see it.
*
THANK YOU TO H86 BROTHER notworthy.gif

but base on the guide,it will rounded down to the nearest Distribution Units based on their shareholdings.

but does this mean will round down from 5240-5200?(1000share) hmm.gif

or some odd lot guy 5245.24-5240?(1001share) just example hmm.gif

but base on the last official circular i post

(see Number of Distribution unit) is 5240,did not round down blink.gif


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H86
post Aug 15 2012, 09:57 PM


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QUOTE(jayx733 @ Aug 15 2012, 09:27 PM)
THANK YOU TO H86 BROTHER notworthy.gif

but base on the guide,it will rounded down to the nearest Distribution Units based on their shareholdings.

but does this mean will round down from 5240-5200?(1000share) hmm.gif

or some odd lot guy 5245.24-5240?(1001share) just example hmm.gif

but base on the last official circular i post

(see Number of Distribution unit) is 5240,did not round down blink.gif
*
I don't think that it has changed but it could be lazy to write anymore or you did not see it in the announcement.

I have checked what it mean by round down since few months ago (it was a new term for me because i have never learned "round down" from primary school until university although i studied math related degree in university). It seems that "round down" means let say you have 2000 KASSETS shares, then 2000 x 5.24 = 10480 shares but it become 104 lots after round down to nearest lot.

Of course that i could be wrong because it is just my own understanding based on the words at there.

(It could be as you said 5245.24 shares become 5245 shares too. No one really knows exactly what english words means. lol)

This post has been edited by H86: Aug 15 2012, 10:02 PM
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cherroy
post Aug 15 2012, 10:19 PM


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QUOTE(H86 @ Aug 15 2012, 09:57 PM)
I don't think that it has changed but it could be lazy to write anymore or you did not see it in the announcement.

I have checked what it mean by round down since few months ago (it was a new term for me because i have never learned "round down" from primary school until university although i studied math related degree in university). It seems that "round down" means let say you have 2000 KASSETS shares, then 2000 x 5.24 = 10480 shares but it become 104 lots after round down to nearest lot.

Of course that i could be wrong because it is just my own understanding based on the words at there.

(It could be as you said 5245.24 shares become 5245 shares too. No one really knows exactly what english words means. lol)
*
The pdf statement said, there is no fraction of shares, and will be round down.

From my shallow understanding, means that there will be no 5245.24 shares, so it will be round down to 5245.

Remember there are odd lot Kassets shareholders as well, some may hold 110 shares, which in turn they entitle 110 x 5.24 =576.4 IGBreit shares, so in this situation it is round down to 576 shares.

There is never a statement said, no odd lot (the statement put fraction of share). Odd lot arised because of market min standard is 100 shares, which is never being concerned in the proposal, correct me if I am wrong.
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yok70
post Aug 16 2012, 01:59 AM


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Oh boy! So still we are all uncertain of whether it's 5240 or 5250! cry.gif
I don't like odd lots lah! Can somebody who very sure tell me how to avoid it? notworthy.gif notworthy.gif notworthy.gif

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Garruk
post Aug 16 2012, 04:48 AM


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Hi wanna ask where can we get application form and apply for IGB reit IPO? Where did you all download the prospectus?i cant seems to find it in bursa malaysia website. i am still new to this thing
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elea88
post Aug 16 2012, 07:16 AM


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QUOTE(yok70 @ Aug 16 2012, 01:59 AM)
Oh boy! So still we are all uncertain of whether it's 5240 or 5250!  cry.gif
I don't like odd lots lah! Can somebody who very sure tell me how to avoid it?  notworthy.gif  notworthy.gif  notworthy.gif
*
YES.. HELP .. i need to know how avoid the odd lot too....
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H86
post Aug 16 2012, 07:21 AM


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QUOTE(yok70 @ Aug 16 2012, 01:59 AM)
Oh boy! So still we are all uncertain of whether it's 5240 or 5250!  cry.gif
I don't like odd lots lah! Can somebody who very sure tell me how to avoid it?  notworthy.gif  notworthy.gif  notworthy.gif
*
lol. The easiest way to avoid odd lots chance is to buy 100 lots of KASSETS shares then there will be no odd lots. Should be 5240 lah. The pdf written 5240.

No people like odd lots but i do not have $$ to buy 100 lots KASSETS shares too sad.gif.

This post has been edited by H86: Aug 16 2012, 07:25 AM
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prophetjul
post Aug 16 2012, 07:37 AM


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If i may, its in the ENGLish.......

iT says "the distribution of 2730 Distribution units......"

and "KA will not distribute fraction of a Distribution unit"

A unit is a WHOLE entity....

the key word is FRACTION....FRAction means a part or portion of a Unit.

Therefore if you get 1234.7, its rounded DOWN to 1234 units.

You are Welcomed.......... biggrin.gif
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H86
post Aug 16 2012, 08:22 AM


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QUOTE(prophetjul @ Aug 16 2012, 07:37 AM)
If i may, its in the ENGLish.......

iT says "the distribution of 2730 Distribution units......"

and "KA will not distribute fraction of a Distribution unit"

A unit is a WHOLE entity....

the key word is FRACTION....FRAction means a part or portion of a Unit.

Therefore if you get 1234.7, its rounded DOWN to 1234 units.

You are Welcomed..........    biggrin.gif
*
Your english words did not solve the mystery as well.


It maybe a unit of share (1234.7 shares become 1234 shares)

or

a unit lot of share (1234.7 lots becomes 1234 lots).
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prophetjul
post Aug 16 2012, 08:24 AM


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QUOTE(H86 @ Aug 16 2012, 08:22 AM)
Your english words did not solve the mystery as well.
It maybe a unit of share (1234.7 shares become 1234 shares)

or

a unit lot of share (1234.7 lots becomes 1234 lots).
*
A Unit is a unit....theres no unit LOT there......ONE is a unit biggrin.gif

Half and quarter is NOT a unit

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incipio
post Aug 16 2012, 09:27 AM


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hi guys, been reading the discussion with interest, but still a newbie. what is the entitlement date for the conversion of KASSET to IGB REIT? is it automatic?
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gskow
post Aug 16 2012, 09:29 AM


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i think soon will announce entitlement details.
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cherroy
post Aug 16 2012, 09:30 AM


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QUOTE(H86 @ Aug 16 2012, 08:22 AM)
Your english words did not solve the mystery as well.
It maybe a unit of share (1234.7 shares become 1234 shares)

or

a unit lot of share (1234.7 lots becomes 1234 lots).
*
Corporate exercise generally do not consider it as lot (100 shares), they only concern on how many shares.
As odd lot shareholding (not in multiple 100 shares) is very common out there.


Added on August 16, 2012, 9:31 am
QUOTE(incipio @ Aug 16 2012, 09:27 AM)
hi guys, been reading the discussion with interest, but still a newbie. what is the entitlement date for the conversion of KASSET to IGB REIT? is it automatic?
*
There is no conversion of Kassets into IGBreit.

The actual scenario is if you owned Kassets, they give you IGBreit shares.

This post has been edited by cherroy: Aug 16 2012, 09:31 AM
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fergie1100
post Aug 16 2012, 09:57 AM


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^ ya rite...... odd lot is never an issue to them..... only they'll disregard the fractional shares....
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gskow
post Aug 16 2012, 10:09 AM


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will have ex date for Kassets holder to get IGBREIT.
bcs need ex that 5240 units
then kassets price will ex till 2.43 too.
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chianping
post Aug 16 2012, 10:22 AM


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hi bro,

just wanna ask u regarding the kassets.

from what i understand

its is for every 1000 shares they will give

share value of rm5240 (assuming the price is 1.00)
special dividend 29.20
capital repayment 2402.74

so now price for kasset it around 8.95*1000=8950

so assuming share price of 1.25.

5240/1.25=4192 share + 2431.94

so remaining will be kasset ? rm 1.28?

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cherroy
post Aug 16 2012, 10:26 AM


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QUOTE(chianping @ Aug 16 2012, 10:22 AM)
hi bro,

just wanna ask u regarding the kassets.

from what i understand

its is for every 1000 shares they will give

share value of rm5240 (assuming the price is 1.00)
special dividend 29.20
capital repayment 2402.74

so now price for kasset it around 8.95*1000=8950

so assuming share price of 1.25.

5240/1.25=4192 share + 2431.94

so remaining will be kasset ? rm 1.28?
*
Kassets will be delisted when all the exercise completed, (IGBreit + special dividend + capital repayment)

You should assume IGBreit worth RM1.25, not Rm1.00 as its IPO indicate price is Rm1.25.


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chianping
post Aug 16 2012, 10:31 AM


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QUOTE(cherroy @ Aug 16 2012, 10:26 AM)
Kassets will be delisted when all the exercise completed, (IGBreit + special dividend + capital repayment)

You should assume IGBreit worth RM1.25, not Rm1.00 as its IPO indicate price is Rm1.25.
*
so to be safe

it mean

for every 1000 shares they will give 5240 shares and not value of RM5240

1000 shares of kassets give out 5240 shares of igb reits and cash considertaion of 2431.94?
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cherroy
post Aug 16 2012, 10:53 AM


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QUOTE(chianping @ Aug 16 2012, 10:31 AM)
so to be safe

it mean

for every 1000 shares they will give 5240 shares and not value of RM5240

1000 shares of kassets give out 5240 shares of igb reits and cash considertaion of 2431.94?
*
Yes, every Kassets, they give you 5240 IGBreit. Not value at Rm5240, or whatever value amount.

Then if everything goes smoothly, there will be capital repayment (which is expected to be around March 2013).

The 2431.94 calculation is incorrect.

Summarise, you own Kasset, you will be given
- 5240 IGBreit
- Capital repayment + special dividend which worth around RM2.43 + little bit extra(I stand for corrected in this). from the proceed of selling IGBreit at RM1.25, instead of Rm1.00

And Kassets will be delisted.
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chianping
post Aug 16 2012, 11:12 AM


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QUOTE(cherroy @ Aug 16 2012, 10:53 AM)
Yes, every Kassets, they give you 5240 IGBreit. Not value at Rm5240, or whatever value amount.

Then if everything goes smoothly, there will be capital repayment (which is expected to be around March 2013).

The 2431.94 calculation is incorrect.

Summarise, you own Kasset, you will be given
- 5240 IGBreit
- Capital repayment + special dividend which worth around RM2.43 + little bit extra(I stand for corrected in this).  from the proceed of selling IGBreit at RM1.25, instead of Rm1.00

And Kassets will be delisted.
*
thanks rclxms.gif
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zamans98
post Aug 16 2012, 11:35 AM


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Rugi lor keep KA and get Capital Repayment in 6+ months.

Better option is (a) public IPO (b) buy during listing.

Simple, headache free.
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jayx733
post Aug 16 2012, 11:36 AM


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QUOTE(cherroy @ Aug 16 2012, 10:53 AM)
Yes, every Kassets, they give you 5240 IGBreit. Not value at Rm5240, or whatever value amount.

Then if everything goes smoothly, there will be capital repayment (which is expected to be around March 2013).

The 2431.94 calculation is incorrect.

Summarise, you own Kasset, you will be given
- 5240 IGBreit
- Capital repayment + special dividend which worth around RM2.43 + little bit extra(I stand for corrected in this).  from the proceed of selling IGBreit at RM1.25, instead of Rm1.00

And Kassets will be delisted.
*
Thanks to cherroy notworthy.gif

by the way

Thanks to prophetjul for FRACTION view notworthy.gif

Thanks to H86 taking your time to debat on my question notworthy.gif

so now what we can do is buy as much share as we want to merge our need and waiting for the distribution whistling.gif

another info for all forumer......

as cherroy say [little bit extra] should be around 4-5sen base on my calculate.(that will be the interest from rest of cash that not yet distribution to share holder(until march)+the rest money that left at the company)

This post has been edited by jayx733: Aug 16 2012, 12:11 PM
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panasonic88
post Aug 16 2012, 12:12 PM


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A summarize of IGB Reit instead of going thru the 442 pages on the prospectus:

http://kclau.com/investment/igb-reit/
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flowking88
post Aug 16 2012, 12:39 PM


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QUOTE(cherroy @ Aug 16 2012, 10:53 AM)
Yes, every Kassets, they give you 5240 IGBreit. Not value at Rm5240, or whatever value amount.

Then if everything goes smoothly, there will be capital repayment (which is expected to be around March 2013).

The 2431.94 calculation is incorrect.

Summarise, you own Kasset, you will be given
- 5240 IGBreit
- Capital repayment + special dividend which worth around RM2.43 + little bit extra(I stand for corrected in this).  from the proceed of selling IGBreit at RM1.25, instead of Rm1.00

And Kassets will be delisted.
*
Little Bit extra = 0.xx ( won't over 1.00 ) , later a lot ppl wil be suprise on this figures , so now 8.95 -9.00 stil a best price to choose .

thumbup.gif
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minshome
post Aug 16 2012, 01:39 PM


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this statement
"Income distribution (dividend)
100 percent taxable income distribution to investors until 31 Dec 2013."

mean after 2013, it will not be 100% payout but minumum is 90%, rite?
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flowking88
post Aug 16 2012, 02:59 PM


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9.00 -9.05 take it before too late

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gskow
post Aug 16 2012, 03:10 PM


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rclxms.gif
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katesamsung
post Aug 16 2012, 03:44 PM


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QUOTE(gskow @ Aug 16 2012, 03:10 PM)
rclxms.gif
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KASSETS Above RM9.00 again

invest or not ..up to u

ROOOOOMMMMMMMMMMMMMMMMMMMMM !



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cherroy
post Aug 16 2012, 04:41 PM


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QUOTE(katesamsung @ Aug 16 2012, 03:44 PM)
KASSETS Above RM9.00 again

invest or not ..up to u

ROOOOOMMMMMMMMMMMMMMMMMMMMM !
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I am still scratching my head, why people so happy and vroom about Kasset going up to RM9.00 or Rm10.00 when one is not keen to sell off the Kassets shares. biggrin.gif
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panasonic88
post Aug 16 2012, 04:48 PM


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QUOTE(cherroy @ Aug 16 2012, 04:41 PM)
I am still scratching my head, why people so happy and vroom about Kasset going up to RM9.00 or Rm10.00 when one is not keen to sell off the Kassets shares.  biggrin.gif
*
Good question.

I have the intention to sell Kasset at RM9.30 or more (aka IGB RM1.31 or more)

Depends on how crazy those ppl are helping to push up biggrin.gif

I will use the money to buy back IGB Reit when it list, at the same time my capital do not need to be locked up while waiting for capital repayment.

Make a record, Kasset is trading at 9.08.
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katesamsung
post Aug 16 2012, 05:01 PM


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QUOTE(cherroy @ Aug 16 2012, 04:41 PM)
I am still scratching my head, why people so happy and vroom about Kasset going up to RM9.00 or Rm10.00 when one is not keen to sell off the Kassets shares.  biggrin.gif
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U try sell a bit now..then u know later lor
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panasonic88
post Aug 16 2012, 05:06 PM


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QUOTE(katesamsung @ Aug 16 2012, 05:01 PM)
U try sell a bit now..then u know later lor
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You do not get Cherroy's meaning.
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cherroy
post Aug 16 2012, 05:09 PM


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QUOTE(katesamsung @ Aug 16 2012, 05:01 PM)
U try sell a bit now..then u know later lor
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Then if one not keen to sell, even Kassets shoot up to RM20.00 also no use, because Kassets will be ex-IGBreit and delisted afterwards.
In other word, Kassets pricing is irrelevant if one doesn't intend to sell Kassets.

Kassets goes up to Rm10, Rm20, or even Rm50, won't differ how much IGB IPO and listing price afterwards.


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katesamsung
post Aug 16 2012, 05:16 PM


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QUOTE(cherroy @ Aug 16 2012, 05:09 PM)
Then if one not keen to sell, even Kassets shoot up to RM20.00 also no use, because Kassets will be ex-IGBreit and delisted afterwards.
In other word, Kassets pricing is irrelevant if one doesn't intend to sell Kassets.

Kassets goes up to Rm10, Rm20, or even Rm50, won't differ how much IGB IPO and listing price afterwards.
*
Ppl are chasing KAssets cause no need to play wheel of fortune

Nowdays with new IPO ....very hard to get a pie of it cause allocate very little public

We are talking here above RM 9.00...i think its not rediculous for ppl to buy......if we play for passive income...

RM 9.00 above...no la u mention Rm10 ..RM 20 or RM 50....

IF RM 10 ...i think it;s relevant...a lot ppl also wan to sell and buy it back during listing.....


Added on August 16, 2012, 5:26 pm
QUOTE(katesamsung @ Aug 16 2012, 05:16 PM)
Ppl are chasing KAssets cause no need to play wheel of fortune

Nowdays with new IPO ....very hard to get a pie of it cause allocate very little public

We are talking here above RM 9.00...i think its not rediculous for ppl to buy......if we play for passive income...

RM 9.00 above...no la u mention Rm10 ..RM 20 or RM 50....

IF RM 10 ...i think it;s relevant...a lot ppl also wan to sell and buy it back during listing.....
*
Sincerely...i planning to get more if the share trade in this range....Personally i think it should more than today closing value RM9.08 (Personal View) after studying the share almost 1 year

This post has been edited by katesamsung: Aug 16 2012, 05:26 PM
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cherroy
post Aug 16 2012, 05:30 PM


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QUOTE(katesamsung @ Aug 16 2012, 05:16 PM)
Ppl are chasing KAssets cause no need to play wheel of fortune

Nowdays with new IPO ....very hard to get a pie of it cause allocate very little public

We are talking here above RM 9.00...i think its not rediculous for ppl to buy......if we play for passive income...

RM 9.00 above...no la u mention Rm10 ..RM 20 or RM 50....

IF RM 10 ...i think it;s relevant...a lot ppl also wan to sell and buy it back during listing.....


Added on August 16, 2012, 5:26 pm
Sincerely...i planning to get more if the share trade in this range....Personally i think it should more than today closing value RM9.08 (Personal View) after studying the share almost 1 year
*
Yes, people may chase, but for existing Kassets shareholders, if not intend to sell, whether Kasset vroom or not, make no different, be it Rm8.00 or Rm9.00 or Rm10.00

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katesamsung
post Aug 16 2012, 05:37 PM


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QUOTE(cherroy @ Aug 16 2012, 05:30 PM)
Yes, people may chase, but for existing Kassets shareholders, if not intend to sell, whether Kasset vroom or not, make no different, be it Rm8.00 or Rm9.00 or Rm10.00
*
IF KAssets is RM8.00 now....who goin to apply IPO at 1.25

Kassets went above RM 9.00 cause ppl value it more than RM 1.25.....cause mid valley and garden ...one of the hottest mall in Malaysia

I not surprise it go beyond RM9.50 as this is a great chance for ppl who always miss the GOOD IPO stock due to allocation to public is very little to own it....

Very seldom with NEW good value IPO stock.......no need to play wheel of fortune and we can get a pie of it.....
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yyie
post Aug 16 2012, 05:58 PM


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I think bro katesamsung is assuming that IGB reit will have potential upside once it is listed.... so he thinks that at RM9 - RM9.05, still a good buy....

correct me if i am wrong.
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cherroy
post Aug 16 2012, 09:51 PM


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QUOTE(katesamsung @ Aug 16 2012, 05:37 PM)
IF KAssets is RM8.00 now....who goin to apply IPO at 1.25

Kassets went above RM 9.00 cause ppl value it more than RM 1.25.....cause mid valley and garden ...one of the hottest mall in Malaysia

I not surprise it go beyond RM9.50 as this is a great chance for ppl who always miss the GOOD IPO stock due to allocation to public is very little to own it....

Very seldom with NEW good value IPO stock.......no need to play wheel of fortune and we can get a pie of it.....
*
QUOTE(yyie @ Aug 16 2012, 05:58 PM)
I think bro katesamsung is assuming that IGB reit will have potential upside once it is listed.... so he thinks that at RM9 - RM9.05, still a good buy....

correct me if i am wrong.
*
No, seems don't understand what I meant so long.

Yes, people can chase. But as earlier message to keep IGBreit or Kassets for 3-6 months, it makes no different Kassets price surge or plunge, unless one wants to trade or buy/sell Kassets.
So whether Kassets price surge to Rm9.10 or not, there is nothing to be Vroom about. smile.gif

Instead if positive about IGBreit, one should be feel sad that Kassets price goes beyong Rm9.00, but not "vroom''.

I never said at Rm9 is not a good buy or it is. If one intends to get IGBreit not via IPO or first day of listing, then buying Kassets is a good route to own it.

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flowking88
post Aug 16 2012, 11:11 PM


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QUOTE(katesamsung @ Aug 16 2012, 05:16 PM)
Ppl are chasing KAssets cause no need to play wheel of fortune

Nowdays with new IPO ....very hard to get a pie of it cause allocate very little public

We are talking here above RM 9.00...i think its not rediculous for ppl to buy......if we play for passive income...

RM 9.00 above...no la u mention Rm10 ..RM 20 or RM 50....

IF RM 10 ...i think it;s relevant...a lot ppl also wan to sell and buy it back during listing.....


Added on August 16, 2012, 5:26 pm
Sincerely...i planning to get more if the share trade in this range....Personally i think it should more than today closing value RM9.08 (Personal View) after studying the share almost 1 year
*
Those stubborn one still think this think that , 8.90 they ignore it , 9.00 they also ignore it , now 9.08 ........ Later 9.30 ( they said expensive also ignore it , )

(9.30 - 2.43)/5.24 = 1.31 ( Not include 0.xx Earn via 6 mth ) This one call expensive ? ====== > See Pavreit price 1.40


How abt 10.00 ?

(10.00 - 2.43)/5.24 = 1.44 ( Not include 0.xx Earn via 6 mth ) This one just fair value ====== > See Pavreit price 1.40
( Coz Midvalley more tong kong than Pav)


Again, invest or not up to you.


Added on August 16, 2012, 11:32 pm
QUOTE(cherroy @ Aug 16 2012, 04:41 PM)
I am still scratching my head, why people so happy and vroom about Kasset going up to RM9.00 or Rm10.00 when one is not keen to sell off the Kassets shares.  biggrin.gif
*
Sell at 9.00 ....... Ha ha Fund Manager very happy loh , they start eat at 9.00 ........ See today Volume

This post has been edited by flowking88: Aug 16 2012, 11:32 PM
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katesamsung
post Aug 16 2012, 11:56 PM


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QUOTE(flowking88 @ Aug 16 2012, 11:11 PM)
Those stubborn one still think this think that , 8.90 they ignore it , 9.00 they also ignore it , now 9.08 ........  Later 9.30 ( they said expensive  also ignore it  , )

(9.30 - 2.43)/5.24 = 1.31  ( Not include 0.xx  Earn via  6 mth )                          This one call expensive ?                            ======  >      See Pavreit price 1.40     
How abt  10.00  ?

(10.00 - 2.43)/5.24 = 1.44 ( Not include 0.xx Earn via 6 mth )                            This one just fair value                              ======  >      See Pavreit price  1.40
                                                                                                                    ( Coz Midvalley more tong kong than Pav) 
Again, invest or not up to you.


Added on August 16, 2012, 11:32 pm
Sell at 9.00  .......  Ha ha Fund Manager very happy loh  , they start eat at 9.00  ........  See today Volume
*
I think u r understand what i have mentioned

Thanks

Let Huats ah!!!
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cherroy
post Aug 17 2012, 09:12 AM


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QUOTE(flowking88 @ Aug 16 2012, 11:11 PM)

Added on August 16, 2012, 11:32 pm
Sell at 9.00  .......  Ha ha Fund Manager very happy loh  , they start eat at 9.00  ........  See today Volume
*
So if one is not keen to sell it, then whether it surges to Rm10, or Rm11, is irrelevant.

Yes, RM9.00 can be a bargain for fund manager to buy if the fund manager keen on IGBreit IPO. But for existing Kassets shareholders that not keen to sell Kassets but want to own IGBreit, current pricing of Kassets has no meaning, be it Rm9.00 or RM10.


Added on August 17, 2012, 9:13 am
QUOTE(katesamsung @ Aug 16 2012, 11:56 PM)
I think u r understand what i have mentioned

Thanks

Let Huats ah!!!
*
The really "huat" is when IGBreit listing time and dictated by IGBreit price afterwards, if one is not intend to sell Kassets, but owning IGBreit.

This post has been edited by cherroy: Aug 17 2012, 09:13 AM
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katesamsung
post Aug 17 2012, 09:26 AM


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QUOTE(cherroy @ Aug 17 2012, 09:12 AM)
So if one is not keen to sell it, then whether it surges to Rm10, or Rm11, is irrelevant.

Yes, RM9.00 can be a bargain for fund manager to buy if the fund manager keen on IGBreit IPO. But for existing Kassets shareholders that not keen to sell Kassets but want to own IGBreit, current pricing of Kassets has no meaning, be it Rm9.00 or RM10.


Added on August 17, 2012, 9:13 am

The really "huat" is when IGBreit listing time and dictated by IGBreit price afterwards, if one is not intend to sell Kassets, but owning IGBreit.
*
U dun get wat we mean


IF KASSETS go to RM10..u think upon IGB Reits listing still got RM1.25 or Even RM1.3x for u ah

It will go higher for that....

KASSETS higher...IGB REITS open listing also higher...u get it?
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Smurfs
post Aug 17 2012, 09:32 AM


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QUOTE(flowking88 @ Aug 16 2012, 11:11 PM)
Those stubborn one still think this think that , 8.90 they ignore it , 9.00 they also ignore it , now 9.08 ........  Later 9.30 ( they said expensive  also ignore it  , )

(9.30 - 2.43)/5.24 = 1.31  ( Not include 0.xx  Earn via  6 mth )                          This one call expensive ?                            ======  >      See Pavreit price 1.40     
How abt  10.00  ?

(10.00 - 2.43)/5.24 = 1.44 ( Not include 0.xx Earn via 6 mth )                            This one just fair value                              ======  >      See Pavreit price  1.40
                                                                                                                    ( Coz Midvalley more tong kong than Pav) 
Again, invest or not up to you.


Added on August 16, 2012, 11:32 pm
Sell at 9.00  .......  Ha ha Fund Manager very happy loh  , they start eat at 9.00  ........  See today Volume
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flowking 88 = katesamsung ?

btw even Kasset goes to Rm11, or even Rm12,i think it won't differ how much the listing price afterwards.
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gskow
post Aug 17 2012, 09:36 AM


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go check kassets 30 largest holders.

u will know, later more funds will chase IGBREIT and put into their portfolio.

for those funds, all aim for stable income one, sure will keep more into their list.


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katesamsung
post Aug 17 2012, 09:56 AM


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QUOTE(Smurfs @ Aug 17 2012, 09:32 AM)
flowking 88 = katesamsung ?

btw even Kasset goes to Rm11, or even Rm12,i think it won't differ how much the listing price afterwards.
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little smurfs....dun simply accuse la..i am who i am.....
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cherroy
post Aug 17 2012, 10:08 AM


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It is better to save the energy to vroom when IGBreit listed time. biggrin.gif
(For those not keen to sell Kassets but own IGBreit) smile.gif
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yyie
post Aug 17 2012, 10:15 AM


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hmm....
i think what bro cherroy means is that:

Ignoring the mentioned additional RM0.xx.

a) if KASSETS = RM9, one will get back RM2.43 capital repayment + 5240units IGB REITS.
b) if KASSETS = RM10, one will get back RM2.43 capital repayment + 5240units IGB REITS.
c) ..... and so on.....

So, if there is no intention of selling KASSETS after IGB REITS is listed, so our gain/profit is still the same, regardless of what is your entry price of KASSETS. Am I right?

Then what bro kate/flowking/gs mean is that:

a) if KASSETS = RM9.00, IGB REIT is equivalent to RM1.254
b) if KASSETS = RM10, IGB REIT is equivalent to RM1.445
c) ....and so on....

so upon KASSETS delisting, there will be RM0.xx return to shareholder, depending on the KASSETS entry price? (seems like I think in a wrong way huh?)

p/s: What happen to KASSETS when IGB REIT is listing in KLSE? Stop trading? or still trading?
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GloryKnight
post Aug 17 2012, 10:17 AM


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Planning to buy just small shares in IGB REIT.

Not enough money to buy kassets =)

Even if I buy 200units of Kassets, how many IGB reit shares can I get?
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yyie
post Aug 17 2012, 10:26 AM


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QUOTE(GloryKnight @ Aug 17 2012, 10:17 AM)
Planning to buy just small shares in IGB REIT.

Not enough money to buy kassets =)

Even if I buy 200units of Kassets, how many IGB reit shares can I get?
*
1048 units
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praveenmarkandu
post Aug 17 2012, 10:33 AM


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Bought KASSETS at 9.13. Therefore my price of IGB is 1.27. An acceptable premium for the guarantee.

Just a small question, when do we get these IGB shares if we buy KASSETS? Do we get them on the before the IGB listing date, on the day or after? Never been in this situation before.
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cherroy
post Aug 17 2012, 10:36 AM


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QUOTE(yyie @ Aug 17 2012, 10:15 AM)

so upon KASSETS delisting, there will be RM0.xx return to shareholder, depending on the KASSETS entry price? (seems like I think in a wrong way huh?)

p/s: What happen to KASSETS when IGB REIT is listing in KLSE? Stop trading? or still trading?
*
Capital repayment is fixed, won't be depended one's entry price of Kassets.

Kassets will be still listed, until capital repayment process completed.
(but it won't traded at Rm9.00, probably at some discount (won't too much) as compared to the capital repayment amount
So probably you will see Kassets trades at RM2.xx after ex-IGBreit entitlement.

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elea88
post Aug 17 2012, 10:48 AM


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QUOTE(cherroy @ Aug 17 2012, 10:36 AM)
Capital repayment is fixed, won't be depended one's entry price of Kassets.

Kassets will be still listed, until capital repayment process completed.
(but it won't traded at Rm9.00, probably at some discount (won't too much) as compared to the capital repayment amount
So probably you will see Kassets trades at RM2.xx after ex-IGBreit entitlement.
*
Just wanna say THANKS.. your information on KASSETS is real helpfull....
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jayx733
post Aug 17 2012, 11:34 AM


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QUOTE(GloryKnight @ Aug 17 2012, 10:17 AM)
Planning to buy just small shares in IGB REIT.

Not enough money to buy kassets =)

Even if I buy 200units of Kassets, how many IGB reit shares can I get?
*
Hi if planning to just buy little share,i suggest just bought at open day,may be the price at opening day will be higher,but u no need to stuck the money at kasset,and can use the money direct to buy More IGB share icon_rolleyes.gif


base on this is the special case of IPO that can own it on backdoor rclxub.gif ,and 93%share is owning by the 30 largest share holder that filled with a lot of fund manager,that mean on the opening day,the share price pusher is becoming less(all the interest owner can buy it at backdoor),so for my guest,share price on the first day are not going to higher too much.

by the way,if the share price goes higher too much,it not worth anymore to invest......

why buy a 4% yield when we can buy other 6-7% yield whistling.gif

think about it sweat.gif

This post has been edited by jayx733: Aug 17 2012, 11:54 AM
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GloryKnight
post Aug 17 2012, 12:06 PM


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this is a long long term investment my fren. do you foresee midvalley to die? lol
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jayx733
post Aug 17 2012, 12:12 PM


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haha of cos not,but we might want to buy it at the right price tongue.gif

not high price biggrin.gif

for me if not higher than 1.33,it still worth to give a try rclxms.gif

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flowking88
post Aug 17 2012, 12:46 PM


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QUOTE(katesamsung @ Aug 17 2012, 09:26 AM)
U dun get wat we mean
IF KASSETS go to RM10..u think upon IGB Reits listing still got RM1.25 or Even RM1.3x for u ah

It will go higher for that....

KASSETS higher...IGB REITS open listing also higher...u get it?
*
Stubborn head one explain to him so many time still not get it , let them be .....

The more important thing is let time ( another 2 week - 3 week ) tell the fact ........


I predict next week will hiong to 9.30 , and no more 9.30 for u to sapu again ..........

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cherroy
post Aug 17 2012, 12:58 PM


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QUOTE(katesamsung @ Aug 17 2012, 09:26 AM)
U dun get wat we mean
IF KASSETS go to RM10..u think upon IGB Reits listing still got RM1.25 or Even RM1.3x for u ah

It will go higher for that....

KASSETS higher...IGB REITS open listing also higher...u get it?
*
Kassets price is not dictating IGBreit price.
It is the other way round, IGBreit worth is dictating Kassets pricing now.

IGBreit price can go at whatever price be it Rm1.40, Rm1.50 is depended on situation or sentiment during first day of listing.

IGBreit pricing will have its own movement.


Added on August 17, 2012, 1:00 pmIf Kassets pricing is dictating IGbreit price, then all the future IGBreit major shareholder can opt to push Kassets to Rm15, then mean IGBreit can shoot to RM2.00? laugh.gif

This post has been edited by cherroy: Aug 17 2012, 01:00 PM
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jayx733
post Aug 17 2012, 01:03 PM


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QUOTE(flowking88 @ Aug 17 2012, 12:46 PM)
Stubborn head one explain to him so many time still not get it , let them be ..... 

The more important thing is let time ( another 2 week - 3 week )  tell the fact  ........ 
I predict next week will hiong to 9.30 , and no more 9.30 for u to sapu again ..........
*
seem like u still dnt understand what cherroy bro say......

no matter how high the kasset be,it cannot make money if you wannt to invest for igb cause the price after dis kasset will adjust back to normal......

and igbreit price are not follow the mother share not matter how high it be.......

by the way,if you want to invest igbreit ,now kasset is still worth to try...... nod.gif
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iamsobloodysick
post Aug 17 2012, 01:38 PM


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QUOTE(cherroy @ Aug 17 2012, 12:58 PM)
Kassets price is not dictating IGBreit price.
It is the other way round, IGBreit worth is dictating Kassets pricing now.

IGBreit price can go at whatever price be it Rm1.40, Rm1.50 is depended on situation or sentiment during first day of listing.

IGBreit pricing will have its own movement.


Added on August 17, 2012, 1:00 pmIf Kassets pricing is dictating IGbreit price, then all the future IGBreit major shareholder can opt to push Kassets to Rm15, then mean IGBreit can shoot to RM2.00?  laugh.gif
*
A clear example of investor (IGBReit -> KASSETS) vs speculator (KASSETS -> IGBREIT).

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oreomambo
post Aug 17 2012, 02:22 PM


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I would say, some quarters having interest in pushing Kassets up and up. Cash out quickly before ex therefore making quite a fair amount from the Kassets growth. Then re-entry by joining the IPO or market price without lock-in for 6 months of capital repayment, wait for it to grow about 1-2 months and cash out again prior to GE13.

Correct me if i am wrong..
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katesamsung
post Aug 17 2012, 02:36 PM


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QUOTE(cherroy @ Aug 17 2012, 12:58 PM)
Kassets price is not dictating IGBreit price.
It is the other way round, IGBreit worth is dictating Kassets pricing now.

IGBreit price can go at whatever price be it Rm1.40, Rm1.50 is depended on situation or sentiment during first day of listing.

IGBreit pricing will have its own movement.


Added on August 17, 2012, 1:00 pmIf Kassets pricing is dictating IGbreit price, then all the future IGBreit major shareholder can opt to push Kassets to Rm15, then mean IGBreit can shoot to RM2.00?  laugh.gif
*
Bro

Be reasonable..who say IGB reits listing day will be RM 2.00....long term yes..it will

u think bro here stupid enuf to buy something that they think not value enuf

U are talking way out the range....who goin to push KASSETS to RM 12 n above..you?

We are talking price RM 9 something range here.....u get or not?

IF Kassets RM8 something..who goin to subcribe IPO at RM 1.25.

Some of us will value this IGB Reits even more .. and dun wan to play tikam.....wan to keep long term

That's y im not surprise even it go above RM9.50 before the entitlement...


Added on August 17, 2012, 2:41 pm
QUOTE(oreomambo @ Aug 17 2012, 02:22 PM)
I would say, some quarters having interest in pushing Kassets up and up. Cash out quickly before ex therefore making quite a fair amount from the Kassets growth. Then re-entry by joining the IPO or market price without lock-in for 6 months of capital repayment, wait for it to grow about 1-2 months and cash out again prior to GE13.

Correct me if i am wrong..
*
Bro.. if you comment is truth then , pls sell now...if u hav any kassets

Let other bro ..to buy in at this price....

This post has been edited by katesamsung: Aug 17 2012, 02:41 PM
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BboyDora
post Aug 17 2012, 02:54 PM


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QUOTE(Smurfs @ Aug 17 2012, 09:32 AM)
flowking 88 = katesamsung ?

*
The writing pretty similar .. But just dun have the word "roooom". No offence. Just see see here only. Not here to support kassets or anti-kassets on the IGB reits.

Happy holidays~~
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cherroy
post Aug 17 2012, 02:55 PM


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QUOTE(katesamsung @ Aug 17 2012, 02:36 PM)
Bro

Be reasonable..who say IGB reits listing day will be RM 2.00....long term yes..it will

u think bro here stupid enuf to buy something that they think not value enuf

U are talking way out the range....who goin to push KASSETS to RM 12 n above..you?

We are talking price RM 9 something range here.....u get or not?

IF Kassets RM8 something..who goin to subcribe IPO at RM 1.25.

Some of us will value this IGB Reits even more .. and dun wan to play tikam.....wan to keep long term

That's y im not surprise even it go above RM9.50 before the entitlement...


Added on August 17, 2012, 2:41 pm

Bro.. if you comment is truth then , pls sell now...if u hav any kassets

Let other bro ..to buy in at this price....
*
Then no matter vroom vroom, vroom here or vroom there, it is within RM9 range.

ok, I don't know so much vroom vroom mean within Rm9-9.50 range. My apology.

I mis-intepret vroom vroom term. biggrin.gif
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katesamsung
post Aug 17 2012, 03:05 PM


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QUOTE(cherroy @ Aug 17 2012, 02:55 PM)
Then no matter vroom vroom, vroom here or vroom there, it is within RM9 range.

ok, I don't know so much vroom vroom mean within Rm9-9.50 range. My apology. 

I mis-intepret vroom vroom term.  biggrin.gif
*
I started this rooommmm...when Kassets is below IPO price...RM8.60..now roooommm to Rm 9 something

Now 9 something ...r u sure it cannot vroomm above 9.50 ah...

SO KASSETS...or IGB REIT....ROOOMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM!!!! CAUSE BOTH OF THEM IS ABANG ADIK...
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fergie1100
post Aug 17 2012, 03:16 PM


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QUOTE(katesamsung @ Aug 17 2012, 03:05 PM)
I started this rooommmm...when Kassets is below IPO price...RM8.60..now roooommm to Rm 9 something

Now 9 something ...r u sure it cannot vroomm above 9.50 ah...

SO KASSETS...or IGB REIT....ROOOMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM!!!! CAUSE BOTH OF THEM IS ABANG ADIK...
*
got other forumers oledi start collecting since 7.xx.... really salute them with such vison.......
but to chase high now, it really up to personal "appetite"... but i wont biggrin.gif
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cherroy
post Aug 17 2012, 03:21 PM


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QUOTE(katesamsung @ Aug 17 2012, 03:05 PM)
I started this rooommmm...when Kassets is below IPO price...RM8.60..now roooommm to Rm 9 something

Now 9 something ...r u sure it cannot vroomm above 9.50 ah...

SO KASSETS...or IGB REIT....ROOOMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM!!!! CAUSE BOTH OF THEM IS ABANG ADIK...
*
oic, from 8.60 to 9.00 is considered Vroommmmmmmmmm laugh.gif
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panasonic88
post Aug 17 2012, 03:26 PM


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I checkout from Kasset today

Average cost 8.16, sold at 9.13 yawn.gif

Will be back for IPO & Listing day

Cherroy, knowing that you plan to buy during listing, so are you going to try on IPO as well? Got luck? laugh.gif
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oreomambo
post Aug 17 2012, 03:34 PM


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QUOTE(panasonic88 @ Aug 17 2012, 03:26 PM)
I checkout from Kasset today

Average cost 8.16, sold at 9.13 yawn.gif

Will be back for IPO & Listing day

Cherroy, knowing that you plan to buy during listing, so are you going to try on IPO as well? Got luck? laugh.gif
*
Pana, that is a good sell bro. 11% to pocket. I would do that too with real gain than to gaze at my cloudy crystal ball.

Re-entry back to IPO or at market?
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katesamsung
post Aug 17 2012, 03:39 PM


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QUOTE(panasonic88 @ Aug 17 2012, 03:26 PM)
I checkout from Kasset today

Average cost 8.16, sold at 9.13 yawn.gif

Will be back for IPO & Listing day

Cherroy, knowing that you plan to buy during listing, so are you going to try on IPO as well? Got luck? laugh.gif
*
My Average RM6.84...i intend to keep it and go thru the process...
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cherroy
post Aug 17 2012, 04:00 PM


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QUOTE(panasonic88 @ Aug 17 2012, 03:26 PM)
I checkout from Kasset today

Average cost 8.16, sold at 9.13 yawn.gif

Will be back for IPO & Listing day

Cherroy, knowing that you plan to buy during listing, so are you going to try on IPO as well? Got luck? laugh.gif
*
No, I won't buy through IPO.
So little portion for public and selling like hot cakes, better spend those luck on 4D. biggrin.gif

4D Rm1 win 2.xk.
IPO at 1.25, probably open at 1.3x or 1.4x.


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katesamsung
post Aug 17 2012, 04:43 PM


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QUOTE(cherroy @ Aug 17 2012, 04:00 PM)
No, I won't buy through IPO.
So little portion for public and selling like hot cakes, better spend those luck on 4D.  biggrin.gif

4D Rm1 win 2.xk.
IPO at 1.25, probably open at 1.3x or 1.4x.
*
i have the same feeling..now sell cannot buy back liao....

probably open 1.3x and may b above 1.40
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zamans98
post Aug 17 2012, 04:58 PM


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QUOTE(oreomambo @ Aug 17 2012, 02:22 PM)
I would say, some quarters having interest in pushing Kassets up and up. Cash out quickly before ex therefore making quite a fair amount from the Kassets growth. Then re-entry by joining the IPO or market price without lock-in for 6 months of capital repayment, wait for it to grow about 1-2 months and cash out again prior to GE13.

Correct me if i am wrong..
*
few lots buy/sell --- easy to manipulate, and volume is also ciput. Sure lor easy to "push"

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yok70
post Aug 17 2012, 06:44 PM


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QUOTE(cherroy @ Aug 17 2012, 10:36 AM)
Capital repayment is fixed, won't be depended one's entry price of Kassets.

Kassets will be still listed, until capital repayment process completed.
(but it won't traded at Rm9.00, probably at some discount (won't too much) as compared to the capital repayment amount
So probably you will see Kassets trades at RM2.xx after ex-IGBreit entitlement.
*
Does it mean after IGBReit listed, if Kassets share price around 2.43, we may sell it in the open market to immediately unlock our cash repayment back? notworthy.gif


Added on August 17, 2012, 6:50 pm
QUOTE(katesamsung @ Aug 17 2012, 09:26 AM)
U dun get wat we mean
IF KASSETS go to RM10..u think upon IGB Reits listing still got RM1.25 or Even RM1.3x for u ah

It will go higher for that....

KASSETS higher...IGB REITS open listing also higher...u get it?
*
If you are talking about selling IGBReit right after its share price peak at IPO days, then yes, maybe you are right.
So after all, you are not talking about how bright Midvalley is, you are actually talking about how to make good profit on its IPO few days time.
Nowadays, market values REITs at their yield. Midvalley's rental fees won't go up when Kassets/IGBReit's share price go up. Its fair value already fixed in 1 year time, which is about 5.3% yield at 1.25. You, or the market, or Kassets/IGBReit share price all also cannot change this fact.
hmm.gif

This post has been edited by yok70: Aug 17 2012, 06:52 PM
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cherroy
post Aug 17 2012, 09:24 PM


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QUOTE(yok70 @ Aug 17 2012, 06:44 PM)
Does it mean after IGBReit listed, if Kassets share price around 2.43, we may sell it in the open market to immediately unlock our cash repayment back?  notworthy.gif


Added on August 17, 2012, 6:50 pm


*
It will be at some discount to its capital repayment.
If the total repayment is Rm2.43 (total should be slightly more than Rm2.43) who is going to buy at RM2.43? Somemore need to wait for up to 6 months time before can get back the cash.
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jjsia
post Aug 17 2012, 09:26 PM


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When can we apply E-IPO for IGB reit? Thx
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flowking88
post Aug 17 2012, 11:19 PM


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Still nobody understand that 0.xx , i silent tell u all , even at 2.43 also worth to buy after x , i just afraid can not get that price ...... Ha ha Ha

Any friend understand it , i am very lonely .........
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katesamsung
post Aug 18 2012, 08:19 AM


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QUOTE(flowking88 @ Aug 17 2012, 11:19 PM)
Still nobody understand that 0.xx , i silent tell u all , even at 2.43 also worth to buy after x , i just afraid can not get that price ......  Ha ha Ha

Any friend understand it , i am very lonely  .........
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Bro, I'm understand

No worry
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k55
post Aug 18 2012, 09:41 PM


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ipo application on 23/8/12
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katesamsung
post Aug 19 2012, 08:23 AM


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QUOTE(k55 @ Aug 18 2012, 09:41 PM)
ipo application on 23/8/12
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Selamat Hari Raya to all Muslim bro here
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potenza10
post Aug 19 2012, 09:57 AM


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noob question here..what is the difference between buying during ipo and after the listing day...besides the price may slightly different,other than that?
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ronnie
post Aug 21 2012, 06:04 PM


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IGB REIT balloting will be on 5 Sep 2012.
If we fail to get it, how soon will the funds be transfered back to our banking account ?
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ronnie
post Aug 21 2012, 06:06 PM


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QUOTE(potenza10 @ Aug 19 2012, 09:57 AM)
noob question here..what is the difference between buying during ipo and after the listing day...besides the price may slightly different,other than that?
*
1. Price Difference
2. When you buy IGB REIT after listed (19-Sep), you have to pay brokerage fees, stamp duty, clearing fee via your Securities Firm.

Getting at IPO balloting is cheaper.
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M@ximus
post Aug 21 2012, 09:33 PM


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Hi,

I'm a newbie in stock market investing. How do I apply for the IPO?

Thanks in advance for the advice.
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Auron
post Aug 21 2012, 11:36 PM


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QUOTE(jjsia @ Aug 17 2012, 09:26 PM)
When can we apply E-IPO for IGB reit? Thx
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If using Maybank2U - login, go to Investment Tab, click e-Share>IPO Application

For CIMBClicks, login - under Manager my Wealth, click eIPO>Apply Now
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cwhong
post Aug 21 2012, 11:58 PM


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QUOTE(M@ximus @ Aug 21 2012, 09:33 PM)
Hi,

I'm a newbie in stock market investing. How do I apply for the IPO?

Thanks in advance for the advice.
*
but wait first thing first ...... do u have a CDS account (investment bank e.g. OSK, Hwang DBS and etc) ? if not apply one before subscribe IPO .......
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panasonic88
post Aug 22 2012, 07:02 PM


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Saw this from fb, how true it is?

Did we miss out any announcement from Kasset or IGB? hmm.gif

QUOTE
資匯 The busy weekly
怡保花园产业投资信托(IGB REIT)临阵变卦?
原订在明天下午2点15分举行记者会,推介怡保花园产业投资信托最后一分钟喊停,让人不解。
怡保花园今午通过公关公司,发出一项紧急通告,取消明天的推介议式,直至另行通知为止。
怡保花园上市后,料会是全马市值最大的REIT。

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smartly
post Aug 22 2012, 07:14 PM


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pana, you buy kassets or applt ipo ?
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panasonic88
post Aug 22 2012, 07:18 PM


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@smartly

I took profit on Kasset last Friday at RM9.13 because I feel that it has gone up more than IPO price (RM9). Planning to buy back from IPO and/or on listing day.
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adam09
post Aug 22 2012, 07:33 PM


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when will this ipo be listed
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M@ximus
post Aug 22 2012, 09:02 PM


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QUOTE(cwhong @ Aug 21 2012, 11:58 PM)
but wait first thing first ...... do u have a CDS account (investment bank e.g. OSK, Hwang DBS and etc) ? if not apply one before subscribe IPO .......
*
Yes I do. Using maybank. I think Auron already answer my questi