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 SGX Counters, Discussion on Counters in the SGX

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gark
post Apr 6 2017, 02:39 PM

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QUOTE(Ramjade @ Apr 6 2017, 02:35 PM)
Care to share this story? I was  shocking.gif  blink.gif to see the price they bid. Btw I queue Singtel at 3.88. Don't know can get or not or  laugh.gif  biggrin.gif Lowest support at for few months back. Touched 3.89 but refused to go 3.88  laugh.gif

For Singtel no problem what. They have lots of cash. For the others  shakehead.gif  puke.gif  mega_shok.gif
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Singtel bought Optus some time ago.. and they went in big to take market share in Australia. But came out with blue black eyes.. laugh.gif

This post has been edited by gark: Apr 6 2017, 02:40 PM
gark
post Apr 6 2017, 02:50 PM

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QUOTE(Ramjade @ Apr 6 2017, 02:40 PM)
laugh.gif  laugh.gif When did this happen?
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A few years ago.. i think. tongue.gif
gark
post Apr 13 2017, 10:54 AM

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QUOTE(Ramjade @ Apr 13 2017, 09:08 AM)
gark What's your opinion of keppel infrastructure trust? I am abit apprehensive towards keppel counters but the dividend yield too good to give up.

Also, it's defensive stocks. Bad or good time. I believed this counter can live. But not so sure...

I asked leslie, he said no problem with this counter. But he broker what. Sure say no problem.
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I dont like kepple trust, not shareholder friendly.. this include Kepple DC, Kepple comm ...

Just a matter of preference.. smile.gif
gark
post Apr 13 2017, 10:59 AM

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QUOTE(Ramjade @ Apr 13 2017, 10:58 AM)
I know they are not share holder friendly (keppel reit, dc). But I don't know if it also include this KIT.
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Same management, same tiger, same stripes. brows.gif
gark
post Apr 13 2017, 02:43 PM

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QUOTE(Ramjade @ Apr 13 2017, 11:01 AM)
Same management meh?  Sponsor just keppel what. Manager also same people?
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Ya lor.. tongue.gif

Direction whether to screw or not to screw shareholders always come from the top mah.. the sponsors.

This post has been edited by gark: Apr 13 2017, 02:44 PM
gark
post Aug 28 2017, 02:49 PM

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QUOTE(altism @ Aug 28 2017, 02:26 PM)
Does anybody knows how to dispose shares from C&C SGP that is held by a person for a long time i.e. > 12 years? Presume all documents are lost but still getting the quarterly dividends?
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The original C&C is already delisted from SGX due to takeover and merger in 2004. Now the holding company is Jardine Cycle & carriage.

If you are holding shares in the original C&C, then contact JC&C to repurchase your shares. If you are holding JC&C, contact CDP for your account number to sell.

This post has been edited by gark: Aug 28 2017, 02:51 PM
gark
post Sep 12 2017, 12:20 PM

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QUOTE(Hansel @ Sep 11 2017, 11:03 AM)
Cromwell Aus calls SG an Asian hub for real-estate trust listings,.....

SYDNEY, Sept 11 (Reuters) - Australia's Cromwell Property Group (CMW) will tap Asian investors in a bid to raise as much as 900 million euros ($1.1 billion) through a real estate investment trust in Singapore, according to a prospectus lodged Friday.

The trust, called CEREIT, will hold 81 office, industrial and retail properties across Europe, which Cromwell values at about 1.8 billion euros.

The planned initial public offering (IPO) will add to a strong year for listings on the Singapore bourse, which promotes itself as the Asian hub for real-estate trusts such as Frasers Centrepoint Trust FRCT.SI and Ascendas Real Estate Investment Trust AEMN.SI .

A successful listing would be the largest since July, when NetLink NBN Trust NETL.SI raised $1.7 billion in the biggest IPO in Singapore in four years, propelling listings in the city-state to a multi-year high.

Cromwell will retain roughly 12.7 percent of the new vehicle itself, with the rest offered to investors in Singapore, which is an Asian hub for real-estate trust listings.

Cromwell, which had no further comment on Monday beyond the prospectus documents, said it received eligibility-to-list approval from Singapore's bourse in August, and estimates the listing will yield 7.5 percent in 2018.

Goldman Sachs and UBS are joint-managers for the listing, which has an offering price between 0.55 euros and 0.57 euros. A final price will be determined on Sept. 21.

Australian-listed shares in Cromwell rose 0.8 percent to A$0.96 in morning trade on Monday, in line with the broader S&P/ASX 200 index (xjo) . ($1 = 0.8322 euros) ($1 = 1.2427 Australian dollars)
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This one is a super ROJAK REIT...1000 lease! Everything from all sectors also mashed together.. good property, ok property, bad property. rclxub.gif rclxub.gif rclxub.gif

Reminds me of CDO before the financial meltdown.. putting in 1000's of good&bad mortgage can somehow turn into AAA rated bond. whistling.gif

user posted image

user posted image

user posted image

This post has been edited by gark: Sep 12 2017, 12:22 PM
gark
post Sep 12 2017, 12:37 PM

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QUOTE(Ramjade @ Sep 12 2017, 12:26 PM)
How to know if property is bad? If bad, why don't want to sell it?
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That is why Cromwell is selling to you guys as a REIT, they will only subscribe 15% of the IPO.

If sell bad property, you will lose money.. so they hold it. See the below link...

http://investmentmoats.com/money-managemen...dividend-yield/

Last year Cromwell, write off 86 million in goodwill for their European properties... if the property is super duper good, there will not be any write downs.

Anyway the choice to invest or not is yours.. laugh.gif laugh.gif laugh.gif

This post has been edited by gark: Sep 12 2017, 12:37 PM
gark
post Sep 12 2017, 01:53 PM

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QUOTE(Hansel @ Sep 12 2017, 01:20 PM)
Hmm,... the Australian Financial Review 'talking bad' abt CMW in the ASX. BUT, from my experience in the ASX, CMW has always been rated a Sell in many reports,... don't know why,...

However,... I have had quite good experienced with CMW thus far,....

Link : https://www.theedgesingapore.com/negative-v...reit-down-under
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Maybe because the reit has several write downs on their investment European properties.. Just look at the history of Valad group, and see that the stock fell from AUD 2.50 to 5 cents.

The same property in this REIT is sold from Valad in to Blackstone and then bought over by Cromwell.. now to investors..

All change hands within a few years.. like a hot potato.. sweat.gif . Blackstone sold the property to Cromwell almost at the price they bought from valad.. ie no capital gain. And then Cromwell took several writedowns..(means they overpaid blackstone) sweat.gif sweat.gif

From the checkered history, those dont look like prime properties.. dry.gif

History timeline..

Valad (2007) -> Blackstone (2011) -> Cromwell (2015) -> Investors (2017)

This post has been edited by gark: Sep 12 2017, 01:59 PM
gark
post Sep 13 2017, 11:33 AM

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Ah.. well... time to find other counters.

When we get our money? devil.gif
gark
post Sep 13 2017, 11:52 AM

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QUOTE(Ramjade @ Sep 13 2017, 11:39 AM)
Any recommendation?
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Ada.. last month sudah recom.. tongue.gif

Not much meat in reits nowadays.. dry.gif
gark
post Sep 13 2017, 12:00 PM

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QUOTE(Ramjade @ Sep 13 2017, 11:55 AM)
Must have miss it. Can share?  laugh.gif
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Post #299 at the SG Reit thread.. tongue.gif

No guarantees yah! tongue.gif
gark
post Sep 13 2017, 01:54 PM

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QUOTE(elea88 @ Sep 13 2017, 01:14 PM)
Should we be concern that EC WORLD prop is at PORT?
will it become another HPH trust type?

can sustain ka payout?

i invested since last year and recently top up a bit at .77.
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Hint : Run before 2020 (97% of master lease expiry)..if you worry brows.gif

China inland port is mostly used to ferry goods from inner china to coastal china. EC's port specialize in steel rods and rebars. These are mostly use for local building construction. Moreover it is a REIT It is different from HPH, which is a trust and has been paying higher divvy than earnings, now time to catch up to reality. A REIT cannot legally pay more than earnings, but do note beginning 2018, the REIT will pay out 90% instead of 100%.

But the gem is not the ports, it is the 3 E-commerce warehouse and 2 more in ROFR buildings.

Actually the thing that gave me the most confidence is their CEO & CFO...very experience in managing REITs in SG tongue.gif

This post has been edited by gark: Sep 13 2017, 01:57 PM
gark
post Sep 13 2017, 02:15 PM

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QUOTE(elea88 @ Sep 13 2017, 02:14 PM)
after your endorsement.. share price will move up . haha.

I added Frasers Logistic today.. 6.8% yield at price of 1.08.
average up.
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Not interesting enough ... i want at least 7.5% devil.gif
gark
post Sep 13 2017, 02:44 PM

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QUOTE(Ramjade @ Sep 13 2017, 02:22 PM)
Hotung looks better than reis at zero debts... 7%+
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But hotung is not a reit, it is an incubation company... much more risky..
gark
post Sep 13 2017, 03:13 PM

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QUOTE(Ramjade @ Sep 13 2017, 03:02 PM)
I don't know leh. Somehow a company without debts seems less risky to me than reit which have debts and will ask for rights every now and then.
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You need to understand not all debts are risky, there is good debt and there is bad debt.

However all debts are risky if you over leverage.

Reit debts are a form of leverage, it enables you to earn higher divvy compared to NPI. This a example of good debt.

A building NPI is 5% yield, if you are all cash. But then if you leverage it by 30%, you can get 6%-7% yield. As long as cost of debt < NPI.

Why do you think creosus perform so well? High leverage + low cost of debt brows.gif brows.gif brows.gif
gark
post Sep 14 2017, 12:03 PM

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QUOTE(Hansel @ Sep 14 2017, 12:00 PM)
I think to have meat nowadays,... must wait for a Rights Issue to take place,.. then go in at that time when the price drops,...
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Yes that is one trick.. timing is tight. Even cheaper you buy RI from market and subscribe.. laugh.gif
gark
post Sep 14 2017, 12:10 PM

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QUOTE(Ramjade @ Sep 14 2017, 12:06 PM)
The thing is how to buy the rights on the market? If buy from market, the current price should drop to rights price right?
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Usually during RI trading, the mother price will drop (people sell mother to buy + subscribe RI), the more unpolular the share the more it drops, so the RI will drop accordingly plus additional discount. Widest discount usually at 1-2 days after the RI start trading. There are lots of people not bothered or cannot afford to subscribe. We take advantage of this situation. laugh.gif

RI subscription tho, will have limit if 14 days from RI trading, so you need to get the money ready. Can also subscribe for excess for even cheaper units.

After RI done, usually share price go back up.

The keyword is "usually" depends on the REIT, some can continue to go downhill.. good REITs expect less discount during RI.

This post has been edited by gark: Sep 14 2017, 12:15 PM
gark
post Sep 14 2017, 12:18 PM

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QUOTE(Hansel @ Sep 14 2017, 12:14 PM)
Haha,... he will have more questions after he read the above,... not so easy-lar,... this science of doing RI,... he must have done a few,... then only will he knows how to maneuver around the RI,...

Bro,... I'll give you an eg here. What you just explained to him up there is for a Renounceable RI,... it's diff behaviour for a Non-R RI,....

Not so easy to explain in a thread,.....................
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Renounceable Ri is the best, non-R RI.. usually less discount, drops the most during 1-2 days of RI announcement and "might" continue until ex date.

Yes, I have done quite a few RIs... very nerve racking. laugh.gif

The last Reit RI, I participate in was Hektar Reit, managed to snag some juicy mother and lots of cheap RI. Turn out to be a good deal. laugh.gif

Mother traded as low as RM 1.23-1.25 (cum divvy 4 cent) and RI as low as 0.08-0.10 (Plus subscription 1.11)... Now the price after ex divvy is 1.28-1.29.. thumbup.gif

This post has been edited by gark: Sep 14 2017, 12:29 PM
gark
post Sep 14 2017, 12:25 PM

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QUOTE(Ramjade @ Sep 14 2017, 12:19 PM)
Few questions:
1) It's traded on the market which means we can buy using Maybank KE online (without using remiser help right?)
2) How to subscribe for excess if one does not even have the mother share? Just key in more units or need to fill up form?
3) Where can I know the trading date? Nothing on SGX/Reit website also  confused.gif

Sorry if ask so much question. First time going to try luck.

Hansel ya lo. I want to try my hand at Manulife US reits rights issue. See can get or not.
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1. Yes
2. No mother cannot apply excess. But you can still subscribe the rights you buy. Ask remiser.
3. Looks for the details, will announce once RI approved. U miss the dates, your RI become toilet paper. rclxs0.gif
Dates U need to know :
Ex date for RI
Date RI start trading
Date RI cease trading
Last day for subscription
Date Listing of new units

4. Figures you need to know
Mother price = rights price + Subscription price (so you can calculate discounts rolleyes.gif )
DPU after dilution from new units
Mother price adjustment after ex RI

Remember RI trading can be VERY VERY volatile..

This post has been edited by gark: Sep 14 2017, 12:35 PM

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