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

[Guojing88]

When is that court case with Alps going to be settled?

 

[Minx99]

When is that court case with Alps going to be settled?

Don't know, no sound, no picture...

 

[Pocoyoz]

Drop. 5 cents

Sent from Pocoyo fan club using GAGT

 

[winstonoyy]

And CD. XD will drop even more.

Drop. 5 cents

Sent from Pocoyo fan club using GAGT

 

[JustTrade]

And CD. XD will drop even more.

Not sure what is brewing....

 

[winstonoyy]

Revenue drop, NAV drop even more, gearing 43% and near limit.

Little room for expansion without rights issue, occupancy difficult to fill, current price 94c way above NAV of 77c.

If issue rights, price will drop further just to shore up gearing.

Not sure what is brewing....

 

[Perisher]

Read that yoy, there is a drag from 51 Alps Ave, a MTB conversion which result in lower contribution as well as the divestment of cache changi districentre 3 in Jan 2017.

Next, gearing remains high at 43.4%, not much room to expand, maybe selling some stuff?
Also, worries about NPI margin pressure should CWT Commodity hub become multi-tenancy...

This research is by itradecimb, analyst lock mun yee.
http://research.sginvestors.io/2017/07/cache-logistics-trust-cimb-research-2017-07-21.html

Got plenty of other articles there about cache that is more positive though.

 

[Asphodeli]

Rights issue time!

http://infopub.sgx.com/Apps?A=COW_C...1e99c238a8209429c3dda858f7577e5342387e3036362

 

[Minx99]

Rights issue time!

http://infopub.sgx.com/Apps?A=COW_C...1e99c238a8209429c3dda858f7577e5342387e3036362

Kind of expecting it in view of their high gearing, was hoping they would do it with another aussie property acquisition, looks like they didn't manage to find anything interesting...

 

[Wenbin87]

This is my 1st time encounter with rights issue, may I ask what's rights issue and what I need to do? Thanks in advance.

 

[LbetterH]

Is it worth to apply this right although it doesn't buy any new properties

This is my 1st time encounter with rights issue, may I ask what's rights issue and what I need to do? Thanks in advance.

Any expert to give suggestions?

 

[V_for_Vanilla]

Any expert to give suggestions?

Not expert. The rights issue outcome is not yield accretive, which is not a plus point. The manager says it is to reduce debt to give more headroom for future acquisition, which is the usual thing to say.

 

[Cantstop]

Can press ATM or online banking?

 

[soneat]

Can press ATM or online banking?

You will need to wait for the OIS information, then follow the instructions in the document. Most of the time is ATM.

 

[weizilla]

if i have shares through standad chartered, how can i apply? first time getting right issues too

 

[Average]

if i have shares through standad chartered, how can i apply? first time getting right issues too

can't apply yet. iirc start next wk and last date to apply is last working day of sept. just fund ur scb securities trading acct and call in to give instructions

 

[Pocoyoz]

Drop 5% since announcement

Sent from Pocoyo fan club using GAGT

 

[wwf]

Both manage by ara, cache seems to be doing poorer compare to suntec reit.

Nevertheless this rights issue has some discount, buying to average down and monitor their next few quarters.

 

[Minx99]

Both manage by ara, cache seems to be doing poorer compare to suntec reit.

Nevertheless this rights issue has some discount, buying to average down and monitor their next few quarters.

To be fair to Cache, the operating environment is challenging( to put it mildly) & management have made commendable efforts to diversify into higher yielding aussie market early...

 

[Asphodeli]

i think it's bad, but not as bad as Sabana. do note that logistics is tied with the macroeconomic indicators. if retail is down and concurrently online shopping drops, we should all be even more careful.

At current prices I think it's a bargain, but I do think there's room to go southwards. Bear case 80 cents, bull case 94 cents.

(Vested 1 lot @ $0.845, LOL )

geez i should really stop jinxing myself