ARA Logos Logistics Trust - f.k.a. Cache Logistics Trust *Official* (SGX: K2LU)

[daylight]

cache lao sai today.
down 3%

 

[tkwei123]

Cache is managed by ARA. Suntec is also managed by ARA
As far as i can remember, Suntec have hardly done a rights-issue before (pls correct me if i'm wrong) and have always gone the "share placement" path to raise funds... even during the 2008-2009 credit crisis period..
So, i don't expect Cache to go the "rights-issue" path anytime soon.

*vested*

 

[digitalguy]

will it go further down? any chances? how does this private placement works? they sell it to some financial institutions or what?

 

[daylight]

never drop to below 1 dollar ??

 

[digitalguy]

According to what i read from bloomberg, they sold it for 0.985, may be will reduce it 1. This is my personal opinion.

 

[digitalguy]

According to what i read from bloomberg, they sold it for 0.985, may be will reduce it 1. This is my personal opinion.

lol i am wrong.. seems like cache goes up haha

 

[The_Davis]

why is it private placement

 

[digitalguy]

have a question, hopefully some one answer? how much it is differ from issuing rights and private placement? both will dilute the epu rite.

 

[kenpachi82]

issue rights at least we shareholders can choose whether we want to buy more (so that our % holdings won't be diluted, although its insignificant...).
but private placement means they are ignoring us..not even giving us a chance to buy at the lower price they are selling to the big boys..

 

[Paul Lee]

There's another essential difference between a placement and a rights issue.

The amount raised from a placement is usually lesser (there is a limit to how much new units the manager can place out usually the most ard 10% I think; subject to yearly approval from unitholders to issue new units).

The amount raised from a rights issue is usually bigger; usually carried out for a massive acquisitions (eg K-REIT recent right issue purchase OFC) or to reduce leverage to a more manageable level or to strengthen the capital structure.

So you need to see things in prospective. It does not always means that a placement is screwing unitholders out nor is it true that a rights issue is always a good thing.

 

[Sausage]

seems like it's almost $1

 

[The_Davis]

There's another essential difference between a placement and a rights issue.

The amount raised from a placement is usually lesser (there is a limit to how much new units the manager can place out usually the most ard 10% I think; subject to yearly approval from unitholders to issue new units).

The amount raised from a rights issue is usually bigger; usually carried out for a massive acquisitions (eg K-REIT recent right issue purchase OFC) or to reduce leverage to a more manageable level or to strengthen the capital structure.

So you need to see things in prospective. It does not always means that a placement is screwing unitholders out nor is it true that a rights issue is always a good thing.

k-reit price dropped from 3+ per unit to 0.x per unit

so is it a good thing?

 

[addict951]

0.02 in the pocket 1st

 

[digitalguy]

will the price further go down?

 

[addict951]

today got announcement
the advance cd made in conjunction with the placement is 0.02044
to be credited to our bank a/c on 30 Apr
the cd is for the period 01 Jan to 29 Mar

by my agaration
01 jan to 29 mar is 89 days, for 0.02044
the complete qtr comprises of 91 days (0.0209)
Cache still owes us 2 days which is 0.00046

 

[digitalguy]

today got announcement
the advance cd made in conjunction with the placement is 0.02044
to be credited to our bank a/c on 30 Apr
the cd is for the period 01 Jan to 29 Mar

by my agaration
01 jan to 29 mar is 89 days, for 0.02044
the complete qtr comprises of 91 days (0.0209)
Cache still owes us 2 days which is 0.00046

I bought this cache on 27th Mar thru SCB. SCB deducted the $ from my securities account on 30th Mar. How do they compute the dividend eligibility ? Buy date or T+3 date? My assumption is buy date.

 

[Paul Lee]

today got announcement
the advance cd made in conjunction with the placement is 0.02044
to be credited to our bank a/c on 30 Apr
the cd is for the period 01 Jan to 29 Mar

by my agaration
01 jan to 29 mar is 89 days, for 0.02044
the complete qtr comprises of 91 days (0.0209)
Cache still owes us 2 days which is 0.00046

This is has to be the most stupid decision I ever seen made by ARA.

Is it so difficult to delay the placement by a day or two so that there is no need for an advanced distribution? Why spend all these unnecessary administrative cost to pay 2 distributions on 1 quarter that differs by only 2 day?

Or at least why dun they 'rollover' the distribution from 30-31 Mar to the next quarter distribution? I really dun think unitholders will mind. And I dun think they have announced plans to do this.

I think I will make time to go to ARA and/or CLT AGM and give the management a piece of my mind.

 

[addict951]

Yes Paul I agree wif chiu
i believe most unitholders would think it's silly also

 

[addict951]

I bought this cache on 27th Mar thru SCB. SCB deducted the $ from my securities account on 30th Mar. How do they compute the dividend eligibility ? Buy date or T+3 date? My assumption is buy date.

the day u clicked and it successfully entered yr scb portf and u held past xd you r entitled liao
but you'll be getting the money 1 day later than us cdp a/c holders cos cdp will pay scb nominees 1st on 30 Apr then scb nominees credit to your scb bank a/c on 01 May

 

[digitalguy]

thanks addict951. is it right time/price for topup or wait for some price reduction?