CapitaLand Ascendas REIT f.k.a. Ascendas Reit *Official* (SGX: A17U)

[lzydata]

anyone knows how to apply for the rights if your holdings are under dbs's srs account?

DBS will send you a letter and you can send it back stating how many you want to apply for, subject to how much SRS monies you have or can top up. Don't accept your rights through ATMs!

 

[lzydata]

Just now I go atm to buy but I do not understand how much I can buy.
Example if I hold 6000 shares now how much can I buy? Can enlighten me my first shares.

RENOUNCEABLE RIGHTS ISSUE (THE “RIGHTS ISSUE”) OF 498,040,904 RIGHTS UNITS AT AN ISSUE PRICE OF S$2.63 FOR EACH RIGHTS UNIT (THE “ISSUE PRICE”), ON THE BASIS OF 16 RIGHTS UNITS FOR EVERY 100 EXISTING UNITS (THE “RIGHTS RATIO”) HELD BY ELIGIBLE UNITHOLDERS AS AT 11 NOVEMBER 2019 AT 5.00 P.M. (THE “RIGHTS ISSUE BOOKS CLOSURE DATE”), FRACTIONAL ENTITLEMENTS TO BE DISREGARDED

6000 / 100 x 16 = 960 units
960 x $2.63 + $2 application fee = $2,526.80

But you should probably apply for the round figure of 1,000 units.

 

[urobot]

RENOUNCEABLE RIGHTS ISSUE (THE “RIGHTS ISSUE”) OF 498,040,904 RIGHTS UNITS AT AN ISSUE PRICE OF S$2.63 FOR EACH RIGHTS UNIT (THE “ISSUE PRICE”), ON THE BASIS OF 16 RIGHTS UNITS FOR EVERY 100 EXISTING UNITS (THE “RIGHTS RATIO”) HELD BY ELIGIBLE UNITHOLDERS AS AT 11 NOVEMBER 2019 AT 5.00 P.M. (THE “RIGHTS ISSUE BOOKS CLOSURE DATE”), FRACTIONAL ENTITLEMENTS TO BE DISREGARDED

6000 / 100 x 16 = 960 units
960 x $2.63 + $2 application fee = $2,526.80

But you should probably apply for the round figure of 1,000 units.

OK thanks brother,at least now I understand. Thank you.

 

[cannot.remember]

anyone knows how to apply for SCB? Under the portfolio tab, I see a PPNR code labelled "Ascendas REIT R" with the right amount of pro-rata rights. But the price seems wrong. Do I buy from there?

 

[articland05]

Ya, I noticed in past rights issue, many times buy the R downward (& top up) is the best way to accumulate vs buying the reit directly.

but the rights price move in tandem to the mother share price. so how does buying rights + top up $2.63 make any diff vs buying the mother share directly?

savings on commission fees?

Sent from LGE LG-H990 using GAGT

 

[DingDang51]

but the rights price move in tandem to the mother share price. so how does buying rights + top up $2.63 make any diff vs buying the mother share directly?

savings on commission fees?

Sent from LGE LG-H990 using GAGT

Price of rights may fall more as it nears expiry if sellers >> buyers coz it is better for sellers to reduce selling price than getting nothing once expired. Of course, reverse situation can also happen. If number of sell vol = buy vol, then probably price will be no diff vs buying directly l think

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[greatgreenman]

sorry im a noob. is there a summary somewhere of what's going on? I scroll back but I still catch no ball.

So I've been issued Rights, and I can use these limited number of Rights to purchase more of A17U at a discounted price? And these Rights will expire by end november if I don't exercise them?

So in order to exercise my allocated Rights, I need to go down to the ATM to purchase them?? quite confusing..

 

[assiak71]

Price of rights may fall more as it nears expiry if sellers >> buyers coz it is better for sellers to reduce selling price than getting nothing once expired. Of course, reverse situation can also happen. If number of sell vol = buy vol, then probably price will be no diff vs buying directly l think

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At 2.63 you think there will be more sellers who do not want to subscribe? Unlikely isnt it

But never say never. Lets see. When is last day of rights trading?

 

[articland05]

Price of rights may fall more as it nears expiry if sellers >> buyers coz it is better for sellers to reduce selling price than getting nothing once expired. Of course, reverse situation can also happen. If number of sell vol = buy vol, then probably price will be no diff vs buying directly l think

Sent from HUAWEI CLT-L29 using GAGT

i see...thanks for the explanation

Sent from LGE LG-H990 using GAGT

 

[articland05]

At 2.63 you think there will be more sellers who do not want to subscribe? Unlikely isnt it

But never say never. Lets see. When is last day of rights trading?

Sent from LGE LG-H990 using GAGT

 

[alex22]

Ok, silly question here...

Let's say I got the CDP letter telling me they credited 5000 qty of ASCENDAS REIT R to me.

I wana accumulate 10'000 qty of this.

So I head to posb atm, key out a total application of 10000, pay $26302...

Then 28th Nov I get the 10000 units credited to CDP as proper A17U shares or just Rights?

Or I still have to top up more money to convert the rights into A17U shares?

 

[addict951]

Ok, silly question here...

Let's say I got the CDP letter telling me they credited 5000 qty of ASCENDAS REIT R to me.

I wana accumulate 10'000 qty of this.

So I head to posb atm, key out a total application of 10000, pay $26302...

Then 28th Nov I get the 10000 units credited to CDP as proper A17U shares or just Rights?

Or I still have to top up more money to convert the rights into A17U shares?

First you buy (say via POEMS or which ever platform you’re using)& pay for the 10000 Rs (like normal shares buy/sell).
Then when atm-pressing period open, you go atm press $2.63x10000.

Your entitled 5000, you press $2.63x5000 at the atm too.

Both can press together. So you press $2.63x(5000+10000).

 

[Paul Lee]

sorry im a noob. is there a summary somewhere of what's going on? I scroll back but I still catch no ball.

So I've been issued Rights, and I can use these limited number of Rights to purchase more of A17U at a discounted price? And these Rights will expire by end november if I don't exercise them?

So in order to exercise my allocated Rights, I need to go down to the ATM to purchase them?? quite confusing..

I will try to simplify it for u.

You have 3 choices

(1) Exercise your rights.

To do this. Go to the ATM and follow the instruction on screen. You pay $2.63 for each rights unit and can apply for excess if you desired. I suggest you at least round up to the next board lot of 100 units.

Closing date for this is 28 Nov 2019 9.30pm. The new units will be credited to your CDP account on 6 Dec 2019.

(2) Sell your rights.

To do this. First make sure you know the no of rights you are allocated. You should receive the thick booklet by now with the letter stating the no of rights you have.

Then log in to your trading account and sell yr rights away just like normal shares. Make sure to select the correct symbol. Either Ascendas Reit R
PPNR for (lot of 100 rights) or Ascendas Reit R1 8ZMR (if you have odd lots)

You have up to 22 Nov 2019 5pm to do this.

(3) Do nothing

In this case, the rights will expire on 22 Nov and deducted from your CDP account.

Any other questions?

 

[Fiery123]

Can apply for excess rights too - is it worth it?

 

[addict951]

Can apply for excess rights too - is it worth it?

Yes, must apply else wait you get funny odd shares like 2085 shares. Depends which brokerage you use, could be a hassle to see odd number of shares.

So let’s say you’re entitled to 85 shares. Just press extra 15 to round up to 100.
Ensure your share holdings are in multiples of 100.

 

[alex22]

First you buy (say via POEMS or which ever platform you’re using)& pay for the 10000 Rs (like normal shares buy/sell).
Then when atm-pressing period open, you go atm press $2.63x10000.

Your entitled 5000, you press $2.63x5000 at the atm too.

Both can press together. So you press $2.63x(5000+10000).

Wouldn't that net me 15k units of he main share at the end instead of 10k?

I got the orange letter stating 5k rights entitlement leh

Sorry for my noob qn

 

[alex22]

I will try to simplify it for u.

You have 3 choices

(1) Exercise your rights.

To do this. Go to the ATM and follow the instruction on screen. You pay $2.63 for each rights unit and can apply for excess if you desired. I suggest you at least round up to the next board lot of 100 units.

Closing date for this is 28 Nov 2019 9.30pm. The new units will be credited to your CDP account on 6 Dec 2019.

Any other questions?

You mean if i have the orange letter saying i have 5000 rights entitlement, I can go straight to the atm and apply total 10000 rights then 06 dec 2019 auto convert into 10k main share w/o having to top up any more money (assuming that my excess subscribed 5k is successful)?

This is rights and not warrant correct?
Latter need topup to exercise or expire worthless right

 

[weng0202]

You mean if i have the orange letter saying i have 5000 rights entitlement, I can go straight to the atm and apply total 10000 rights then 06 dec 2019 auto convert into 10k main share w/o having to top up any more money (assuming that my excess subscribed 5k is successful)?

This is rights and not warrant correct?
Latter need topup to exercise or expire worthless right

Why must top up? When you apply for 5he rights, they will be converted to shares. So you have already paid for them at the price that was offered.

 

[whizzard]

You mean if i have the orange letter saying i have 5000 rights entitlement, I can go straight to the atm and apply total 10000 rights then 06 dec 2019 auto convert into 10k main share w/o having to top up any more money (assuming that my excess subscribed 5k is successful)?

This is rights and not warrant correct?
Latter need topup to exercise or expire worthless right

If you have been allotted 5,000 rights for Ascendas, it means you have the right (but not the obligation) to subscribe for 5,000 shares of Ascendas at $2.63 (the exercise price) each. If you want to get additional Ascendas shares, you have to exercise your rights by paying $2.63 to get each Ascendas share. Your cost to get 5,000 Ascendas shares will be $2.63 x 5,000 = $13,150.

If you want more rights shares, you can apply for them. But, it is not necessary that you will get them. Most times, you will not. In this situation where Ascendas is currently trading at $2.89 (above the $2.63 exercise price), the chances of you getting more is very small. Everyone will also want to apply for excess rights since each excess rights that one gets will net them $2.89 - $2.63 = $0.26 of profit.

If you want to guarantee yourself of more rights, then you should buy the rights from the open market. It last traded at $0.24 at close of Friday. If you manage to buy more rights at $0.24, then you will have to pay the $2.63 exercise price to get your Ascendas shares. The total cost to you for each Ascendas share will be $0.24 + $2.63 = $2.87, which is still a little below the last traded price of $2.89. Alternatively, you can also buy shares of Ascendas directly from the market. The last traded price was $2.89.

If you don’t want to pay $2.63 to subscribe for more Ascendas shares, you should sell your rights in the market. The last traded price was $0.24. Assuming you sell all your 5,000 rights, you will get $1,200 at $0.24.

Thus, you have the following options:

(1) Exercise your rights in full (or in part) i.e. pay $13,150 ($2.63 x 5,000) to get 5,000 more Ascendas shares;

(2) Sell all (or part of) your rights in the market. Based on the last traded price of $0.24, you will get $1,2000;

(3) Do nothing, in which your rights will expire worthless. This is most unwise.

 

[NewGuy96]

Hi guys, i am a newbie investor and i see that i have 32 units of the rights thingy in my CDP account. May i know what are the charges if i were to go to the ATM to buy these 32 units? As i hold an account with dbs vickers, will the minimum commission charge of $25 apply?

And also will there be any difficulties selling of these odd number of shares in the future? Sorry i am a noob.. Thanks!