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Religare Health Trust *Official* (SGX: RF1U)

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Old 14-02-2018, 12:19 AM   #1261
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To further complicate, the document included an assumption that only 95% is paid out as special dividend i.e. $0.82 and the remaining $0.04 is left in RHT as a "cash company". Not sure if this is typical (I recall Saizen also did something similar) but means more waiting time to cash out completely too.
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Old 14-02-2018, 07:33 AM   #1262
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Am i right to interpret that will keep 5% of net proceeds for working capital, so instead of 86c, will get only 86x0.95= 81.7c?

The Trustee-Manager will also be retaining 5% of the net proceeds to cover on-going expenses post the Proposed Disposal.
• The estimated net proceeds per unit (“Special Distribution”) post settlement of transaction costs and expenses of approximately S$15.8 million (including S$10.3
million payable to the Trustee-Manager as a Performance Fee) is approximately S$0.8
Wah, you're right sial...
Meaning the share price may nv move much from nao till Sep, or the CD in Sep is only 0.817
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Old 14-02-2018, 07:52 AM   #1263
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Wah, you're right sial...
Meaning the share price may nv move much from nao till Sep, or the CD in Sep is only 0.817
Never move then time to add on for those people who want to average down?
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Old 14-02-2018, 07:54 AM   #1264
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It's a low ball offer price after what they took us through & the manager have the cheek to collect performance fees some more. What is the probability of a third party counter offer at a higher price as these are lucrative assets? Any experts care to comment...
I am not expert, but I think most likely the deal will go through? Fortis Healthcare Limited has 27.32% shares held?
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Old 14-02-2018, 07:59 AM   #1265
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They will pay all Cd to us, most likely around 0.817 + 0.0345 from now on.
Thereafter, this counter will worth a few cents depending on how much cash they left and whether anyone needs a shell company to do asset injection.

Wah, you're right sial...
Meaning the share price may nv move much from nao till Sep, or the CD in Sep is only 0.817
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Old 14-02-2018, 08:08 AM   #1266
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They will pay all Cd to us, most likely around 0.817 + 0.0345 from now on.
Thereafter, this counter will worth a few cents depending on how much cash they left and whether anyone needs a shell company to do asset injection.
Come Sep, need to find another stable stock to dump the proceed into. Looking at First Reit, Kep Infra or NetLink.
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Old 14-02-2018, 08:10 AM   #1267
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They will pay all Cd to us, most likely around 0.817 + 0.0345 from now on.
Thereafter, this counter will worth a few cents depending on how much cash they left and whether anyone needs a shell company to do asset injection.
Where say is 0.817? Isn't it 0.86? So does shareholder need to do anything to get the 0.86? Super confusing.
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Old 14-02-2018, 08:12 AM   #1268
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They don't have so much money, so just buyout assets, not the entire trust. If they were to buyout entire trust, they will need to pay at least 90 cents to 1 dollar for this deal to go through.
A typical way of big shareholder bully small shareholders. Sigh.

Where say is 0.817? Isn't it 0.86? So does shareholder need to do anything to get the 0.86? Super confusing.
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Old 14-02-2018, 08:15 AM   #1269
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They don't have so much money, so just buyout assets, not the entire trust. If they were to buyout entire trust, they will need to pay at least 90 cents to 1 dollar for this deal to go through.
A typical way of big shareholder bully small shareholders. Sigh.
Does that mean the empty shell is still with us small fry shareholders after paying us? Empty shell can do what? Change to a hostel? So now is $0.817? So many version. From $0.88 goes to become $0.817, so which is correct?
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Old 14-02-2018, 08:16 AM   #1270
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Not sure, empty shell can worth a lot if someone interested to do asset injection. Save the trouble of IPO.

Does that mean the empty shell is still with us small fry shareholders after paying us? Empty shell can do what? Change to a hostel?
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Old 14-02-2018, 08:17 AM   #1271
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I think we should just block the deal during EGM actually.

Does that mean the empty shell is still with us small fry shareholders after paying us? Empty shell can do what? Change to a hostel? So now is $0.817? So many version. From $0.88 goes to become $0.817, so which is correct?
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Old 14-02-2018, 08:18 AM   #1272
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I think we should just block the deal during EGM actually.
Looking at Sabana reit, don't think small fry's strength got much help. If is $0.817 is a bad deal. Feel if is $0.86 or more can consider.
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Old 14-02-2018, 08:25 AM   #1273
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I think I haven't really read thoroughly the whole slides, but this slide seems suggesting there are certain misconceptions in the payout.

Page 2 of presentation slides:

1. Net consideration per unit: 0.88
2. Net proceeds : 0.86
Then they retain 5 % of net proceeds and keep it as cash.

Does that mean the empty shell is still with us small fry shareholders after paying us? Empty shell can do what? Change to a hostel? So now is $0.817? So many version. From $0.88 goes to become $0.817, so which is correct?
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Old 14-02-2018, 08:26 AM   #1274
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Actually it is 0.86, but they retain 5 % cash and together with other cash they have now.
Remember they used to retain 5 % cash every quarter.

Looking at Sabana reit, don't think small fry's strength got much help. If is $0.817 is a bad deal. Feel if is $0.86 or more can consider.
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Old 14-02-2018, 08:30 AM   #1275
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Actually it is 0.86, but they retain 5 % cash and together with other cash they have now.
Remember they used to retain 5 % cash every quarter.
The deal looks ok if is 0.86, but I am not sure if this empty shell will still be in my CDP statement, if company not buying the whole hospital. What happen to next year's CD for this empty shell? What is the plan?
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