Frasers Logistics & Commercial Trust *Official* (SGX:BUOU)

[Asphodeli]

Prospectus lodged: https://opera.mas.gov.sg/ExtPortal/....aspx?prosID=2c7c05c5a94c4cd6b1b31ac63c767a55

 

[lockks]

Finally got ipo. Sgx really quiet.

 

[MrSinkie95]

Wah 7% wor..

 

[Average]

Frasers brand is tempting

 

[Aventad0r]

yea lo tempting, thinking this or reit etf but most likely i get the etf. later rights issue i no money then gg

 

[Aventad0r]

how come market so bad yet the new reits all can list at above NAV ah?

i do not get it

with all the rate hike and uncertainty, i think quite risky to pay premium sia.

 

[akwl88]

Reit etf may be better
See the yield and overall price to book
If yield 7% or higher and discount to books , jiak

Baojiak!!!

 

[Aventad0r]

Reit etf may be better
See the yield and overall price to book
If yield 7% or higher and discount to books , jiak

jiak ba ba

 

[Genosis]

yea lo tempting, thinking this or reit etf but most likely i get the etf. later rights issue i no money then gg

I have the same concern.....imagine if the REIT etf existed during the GFC in 2009..... So many REITs issue rights at around the same time.....pricing sure chaotic!

 

[grm203]

Actually why list here instead of asx?

 

[MrSinkie95]

Sgd higher Ma..

 

[Aventad0r]

I have the same concern.....imagine if the REIT etf existed during the GFC in 2009..... So many REITs issue rights at around the same time.....pricing sure chaotic!

will the ETF issue rights?

 

[kehyi4]

Tentative Timetable:

• [10] June 2016, 9.00 p.m. : Opening date and time for the Public Offer.
• [16] June 2016, 12 noon : Closing date and time for the Public Offer.
• [17] June 2016 : Balloting of applications under the Public Offer, if necessary.
• [20] June 2016, at or before [12 noon]: Completion of the acquisition of the IPO Portfolio.
• [20] June 2016 at 4.30 p.m. : Listing of the Sponsor Initial Unit and trading in the Units to halt immediately thereafter until the close of trading hours.
• [20] June 2016 after 5.06 p.m.: Crediting of Units to investors to commence after the close of trading hours.
• [21] June 2016 at 9.00 a.m. : Commence trading.

 

[Genosis]

will the ETF issue rights?

I dunno how etf handles rights issue......but I assume if many REITs in the etf issue rights at around the same time.....it will wreck havoc on the etf price?

So, if the REIT etf is going to be launched.....I hope they start conservatively with quality REITs with healthy gearing and strong sponsors....bcos in times of crisis, we need the sponsors/parents to subscribe to the rights too.....

My suggestion - include the CapitaLand, Mapletree, Ascendas and Frasers families plus Suntec. Leave out the rest.

 

[Asphodeli]

I don't think ETFs are able to issue rights, as they are kinda like unit trusts in structure.

 

[Aventad0r]

the ETF itself will not have rights issue

same as STI ETF, never has it done rights issue before

if it does the fund manager will be fired!

heng ah, imagine 20 reit ask for rights issue. then the etf ask for rights issue from us. kaboom

 

[Aventad0r]

I dunno how etf handles rights issue......but I assume if many REITs in the etf issue rights at around the same time.....it will wreck havoc on the etf price?

So, if the REIT etf is going to be launched.....I hope they start conservatively with quality REITs with healthy gearing and strong sponsors....bcos in times of crisis, we need the sponsors/parents to subscribe to the rights too.....

My suggestion - include the CapitaLand, Mapletree, Ascendas and Frasers families plus Suntec. Leave out the rest.

they should hire u to handle the ETF

 

[Genosis]

they should hire u to handle the ETF

I dun mind giving my input as a consultant/ concerned investor.....

 

[Genosis]

heng ah, imagine 20 reit ask for rights issue. then the etf ask for rights issue from us. kaboom

Mailbox burst from all the letters......

 

[Genosis]

So the ETF manager will not subscribe to rights of the components?

Wa....if like that, unitholders kena dilute gao gao deep deep!