ESR-Logos REIT *Official* (SGX:J91U)

[MikeL09]

When are the new shares trading? Is it today? Dropped > 5%.

 

[sky1978]

When are the new shares trading? Is it today? Dropped > 5%.

Today got a dividend XD, which I think is around 0.7c. SGX only allows half-cent movement. Yesterday it traded at between 27.5c and 28c and closed at 28c. If it closed at 27.5c and minus 0.7c dividend, then 26.5c might not show any significant movement. On top of that, we cannot have 26.8c so the bid and ask is either 26.5 or 27.

 

[AKK]

 

[DevilPlate]

In a way, sponsor now got more skin in the game mah hahaha

 

[homer123]

Increasing Share buy back.. I think middle term could hit 30 cents
Daily Share buy back 2 Dec 2024
Daily Share buy back 13 Nov 2024
Daily Share buy back 12 Nov 2024

 

[HWZ1973]

lousy stock, keep having rights issue and share price dropping

 

[Shion]

ESR-REIT proposes a 10-to-1 unit consolidation to reduce fluctuation in trading price among other reasons​

https://www.theedgesingapore.com/ne...-reduce-fluctuation-trading-price-among-other

The manager of ESR-REIT has announced a proposed unit consolidation of 10 existing units to one unit, held by unitholders of ESR-REIT.

The rationale for the proposed unit consolidation is to reduce the magnitude of fluctuation in ESR-REIT’s unit trading price and reduce excessive volatility in its market capitalization, and allow for unit price movements that are more consistent with general market movements in terms of percentage changes.

As an illustrative example, since Jan 1, 2022, ESR-REIT has traded in the range of 24.5 cents to 48.5 cents. Using a rounded unit trading price of 26 cents within the range mentioned above, the mandated Singapore Exchange (SGX) bid-ask spread of 0.5 cents for counters below $1/unit will result in a 1.9% change in unit trading price.

With the consolidation ratio, the new theoretical price of a unit would be $2.60. With a unit trading price above $1/unit, a 1 cent bid-ask spread will now apply, resulting in a much smaller impact of 0.4% change in unit trading price.

The REIT says that the proposed unit consolidation will also reduce interest from share speculators or punters, and short sellers on the units.

As the aforementioned group often speculate on a stock’s decline, they bet and profit from a drop in prices of a financial instrument by borrowing a security and selling it on the open market, planning to repurchase it later for less money.

The group says that its trading range of 24.5 cents to 48.5 cents since Jan 1, 2022 has resulted in share speculators or punters and short sellers showing keen interest in trading ESR-REIT as a “penny stock” .

In addition, the proposed unit consolidation will also result in higher unit price denomination, therefore reducing brokerage trading costs as a percentage of each board lot of consolidated units.

The proposed unit consolidation will rationalise the capital of ESR-REIT by reducing the large number of units in issue from 8,049,164,215 existing units in issue as at Feb 10, to at least 804,916,422 consolidated units following the completion of the proposed unit consolidation.

Units in ESR-REIT closed 0.5 cents lower or 1.961% down at 25 cents on Feb 10.

 

[networked]

wat bulshit. want to make it look more atas then say la

 

[duhduhduh]

wow total missed out on the shares consolidation part

 

[snowcrabramyeon]

wow total missed out on the shares consolidation part

What do you mean by "total missed out"? Nothing happened except the shifting of decimal point.

 

[duhduhduh]

Anyone knows how to reconcile the transactions for the shares' consolidation?

Bought 4,000 shares at cost of SGD 611 previously.
CDP showed that on 5th May I was credited 400 shares and debited 4,000 shares.

So now what? 400 shares is now at a cost of SGD 611? Meaning that my 611/ 400 => 1.5275 avg cost per share.

So what, now I am 76% up? What kind of sorcery is this.... lol I was previously down 33%.

 

[DevilPlate]

Anyone knows how to reconcile the transactions for the shares' consolidation?

Bought 4,000 shares at cost of SGD 611 previously.
CDP showed that on 5th May I was credited 400 shares and debited 4,000 shares.

So now what? 400 shares is now at a cost of SGD 611? Meaning that my 611/ 400 => 1.5275 avg cost per share.

So what, now I am 76% up? What kind of sorcery is this.... lol I was previously down 33%.

Last time u paid 61.1cts? Before covid?

 

[duhduhduh]

Last time u paid 61.1cts? Before covid?

Thank you!

I went back to check, I think there was an rights for additional shares purchase, and I bought additional 2,000 shares at 800 (0.40/share) during August 2021 which was not captured!

Poor house keeping from my end.

Woah the scan QR option very convenient

However, right now the costs will be 1411 / 400 => 3.5274 avg cost per share, which is 24% down.
but i reflected my original entry to add in the 800 costs, it waas 42% down. i dont understand where the 20% went... hmm