Frasers CT

[Paul Lee]

Comments?
Disappointed that they use CWP as excuse for the dip. The gap is too wide even without CWP refurbishment.

Nothing to be disappointed about. In fact I will be disappointed if the disappointment in its performance does not translates into a dip in the price to allow me to pick up more.

 

[Wood4]

CenrePoint is outdated

 

[Paul Lee]

Centerpoint is not in the trust.

Outdated or not, it remains a cash cow. Why do you think Frasers has dilly dally to include Centerpoint into the REIT?

Give it another 5 years I will say it will still not be injected into the REIT.

 

[addict951]

Centrepoint itself is very debt-laden by its own holding company within the F&N family.
FCT will have to come up wif a huge sum to take over Centrepoint + it's true lah, Centrepoint does not look good upon my last visit just last month during GSS - hardly got crowd. Think tio cannibalised left right and centre by 313 and Central which themselves are not very crowded also

 

[Hyruga]

Financial Results FY2010/11 Q2

Financial Report: Here
Press Release: Here
Presentation Slides: Here

YoY Net Profit: (1%) Causeway Point Refurbishment, 7% (w/o Refurbishment)
YoY DPU: 0% Causeway Point Refurbishment, 4% (w/o Refurbishment)
Distribution: 2.07 cents

FY2011 Outlook

Acquisition Pipeline: Bedok Point
Target Acquisition: CY2011

Comments?
Anyone visited the refurbished Causeway Point yet?

Causeway point is still undergoing renovation. The whole place is still laced with construction and feel dangerous. I think only about 20-30% is occupied by tenants. Targeted completion date is end of year.

 

[Alphidius]

Nothing to be disappointed about. In fact I will be disappointed if the disappointment in its performance does not translates into a dip in the price to allow me to pick up more.

Paul, you hooted somemore?
Good job! I think it will pick up once reno completed.

Dunno when they're going to add new acquisition or not.
I hope Bedok Point makes it to their portfolio cos the retail malls so far cover mostly Northern & Western areas of Singapore.
Good to have a few Eastern located malls.

 

[Paul Lee]

Paul, you hooted somemore?
Good job! I think it will pick up once reno completed.

Not yet. Was too busy looking at PLife, Suntec and CLT. So now looking at this as one of the counters I may add more.

 

[Dividends Warrior]

CenrePoint is outdated

 

[Dividends Warrior]

Paul, you hooted somemore?
Good job! I think it will pick up once reno completed.

Dunno when they're going to add new acquisition or not.
I hope Bedok Point makes it to their portfolio cos the retail malls so far cover mostly Northern & Western areas of Singapore.
Good to have a few Eastern located malls.

But by the time reno is completed, the price will shoot up oredi.

Vested with 2 lots.

http://dividendsrichwarrior.blogspot.com/2011/05/loaded-frasers-centrepoint-trust.html

 

[Dividends Warrior]

FCT just bought Bedok Point.

 

[lasnoblur]

FCT just bought Bedok Point.

that explains the shot up of price above 1.57 recently.

 

[Dividends Warrior]

that explains the shot up of price above 1.57 recently.

FCT ready to boomz in 2012.

The rise of the sub-urban malls!

 

[Wood4]

$1.475 today.

Lucky me to buy at $1.51 early June & sold off at $1.57.

 

[Dividends Warrior]

$1.475 today.

Lucky me to buy at $1.51 early June & sold off at $1.57.

Beri Lucky indeed!

 

[Alphidius]

Received their circular...

Proposed Acquisition: Bedok Point

1) Proposed Acquisition of Bedok Point
2) Proposed issue of 55 million new units under private placement
3) Proposed subscription of new units by Frasers Centrepoint Limited Group (FCL Group) under the proposed private placement

What say you? Aye or Nay?

 

[Dividends Warrior]

Received their circular...

Proposed Acquisition: Bedok Point

1) Proposed Acquisition of Bedok Point
2) Proposed issue of 55 million new units under private placement
3) Proposed subscription of new units by Frasers Centrepoint Limited Group (FCL Group) under the proposed private placement

What say you? Aye or Nay?

I agree. The circular said yield accretive. I just hope the private placement will not dilute my shares too much.

 

[Alphidius]

And yes, I forgot... Distributions are in!

 

[Dividends Warrior]

And yes, I forgot... Distributions are in!

Yup. Kaching!

I vested 3 more lots last week.

 

[Alphidius]

FY2010/2011 Q4 results releasing on 21-Oct-2011!
Wonder if newly acquired Bedok Point's yield will start to show...

Source: SGX

 

[Dividends Warrior]

FY2010/2011 Q4 results releasing on 21-Oct-2011!
Wonder if newly acquired Bedok Point's yield will start to show...

Source: SGX

I hope so too. By the way, Causeway Point and North Point are doing a roaring business.