*Official* MasterLeong Thread

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MasterLeong

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As ML said, FLT is relatively new, so we don't really know. Based on gearing, seemed unlikely to issue rights.

But look at keppel dc reit, their gearing also below 30% but they still used rights rather than debt. Definitely disappoint me. :(

All those under keppel i blacklist one
I mentioned before how greedy KC just wants to grow aum
U see kreit... almost every year rights issue or placement, super value trap
 

MasterLeong

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As ML said, FLT is relatively new, so we don't really know. Based on gearing, seemed unlikely to issue rights.

But look at keppel dc reit, their gearing also below 30% but they still used rights rather than debt. Definitely disappoint me. :(

Can look at FCT FCOT FHT to have a feel of the track record of the manager, see you like their style or not

Before considering vesting in FLT
 

lewissac

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Not really...just allowance to parents and their medical insurance already about $1,000/ mth.

Agreed. Which is why I will tell my kids (If I have) dun fund my medical insurance when I'm old. It's not worth it. Leave us and move on to build ur family. :s13:
 

MasterLeong

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As ML said, FLT is relatively new, so we don't really know. Based on gearing, seemed unlikely to issue rights.

But look at keppel dc reit, their gearing also below 30% but they still used rights rather than debt. Definitely disappoint me. :(

Also to add
Data center is different asset class compared to traditional buildings like office or malls
So banks may not allow the dc reit to leverage so much
 

MasterLeong

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Agreed. Which is why I will tell my kids (If I have) dun fund my medical insurance when I'm old. It's not worth it. Leave us and move on to build ur family. :s13:

Lucky now got medishield life
Got that one maybe enough for some people already
 

MasterLeong

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CDG huat ah

LTA removes requirement for taxi drivers to clock a daily minimum mileage

The Land Transport Authority (LTA) said on Saturday (Dec 17) that it will be scrapping the requirement for cabbies to ply at least 250km every day.
SINGAPORE - Taxi drivers will not be required to clock a minimum daily mileage starting from next year (2017).

The Land Transport Authority (LTA) said on Saturday (Dec 17) that it will be simplifying its Taxi Availability (TA) framework and scrapping the requirement for cabbies to ply at least 250km every day.

The authority explained that in recent years, taxi booking apps have enabled a better matching between cabs and commuters.

There are also more options for commuters such as private-hire car services the likes of Uber and Grab, the LTA added.

While the daily minimum mileage requirement will be scrapped, the LTA said it will maintain regulations requiring the bulk of a taxi operator's fleet to be on the roads during peak hours.

It will, however, simplify this by removing the requirement for what is called the "shoulder peak", of between 6am and 7am, and 11pm and midnight.

Between the peak periods of 7am to 11am, and 5pm to 11pm, taxi operators have to continue to ensure than 85 per cent of its fleets are on the roads.

The TA framework was introduced back in 2013 to help commuters get a taxi.

The LTA said that with TA, the percentage of taxis on the road during peak hours has increased from 82 per cent in 2012, to 93 per cent in the first nine months of this year.

The move was welcomed by the National Taxi Association (NTA), which said that the revisions will help cabbies to minimise empty cruising.
 

MasterLeong

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But still to issue rights at 30%...:(

Too much rights is definitely a no-no for me. If rights every few years, it is akin to giving back the dividend you have collected.

bo bian ma, smaller companies they need more funds to grow quickly

if you dislike rights issue then better to stick to blue chip reits like

Areit CMT CCT

on average they only do an rights issue once per decade LOL
 

lewissac

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bo bian ma, smaller companies they need more funds to grow quickly

if you dislike rights issue then better to stick to blue chip reits like

Areit CMT CCT

on average they only do an rights issue once per decade LOL

Just curious, recently read an article about the REIT Myth Busted related to rights issue.

It summarizes in a way that whenever most REITS pay out a distribution, they would take back all in the form of rights issue. Of course, it's an option, not an obligation (if I understand correctly). With that how many of us making a slight loss from rights issue actually?:s11:

Edit: I also google on rights issue called for SG REITS this surfaced. It's history of cash call made.
 
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madtari

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actually if only issue rights it is still ok as long as you have the cash to participate and it gives a rights issue at a much lower price. the worst thing is if they go for private placement, you will lose out. your share will dilute, share price will drop. you are not given even the chance to participate at all!
But still to issue rights at 30%...:(

Too much rights is definitely a no-no for me. If rights every few years, it is akin to giving back the dividend you have collected.
 

MasterLeong

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Just curious, recently read an article about the REIT Myth Busted related to rights issue.

It summarizes in a way that whenever most REITS pay out a distribution, they would take back all in the form of rights issue. Of course, it's an option, not an obligation (if I understand correctly). With that how many of us making a slight loss from rights issue actually?:s11:

Edit: I also google on rights issue called for SG REITS this surfaced. It's history of cash call made.

http://unintelligent-nerd.blogspot.sg/2016/08/history-of-cash-calls-for-reits.html

this one very good info man, thanks a lot


CapitaLand Mall Trust
November 2012 (Private Placement)
November 2011 (Private Placement)
March 2009 (Rights Issue)
October 2005 (Preferential Offering + Private Placement)
July 2004 (Preferential Offering + Private Placement)
June 2003 (Preferential Offering + Private Placement)

Fraser Centrepoint Trust
July 2014 (Private Placement)
September 2011 (Private Placement)

CapitaLand Commercial Trust
June 2009 (Rights Issue)
July 2006 (Preferential Offering + Private Placement)
April 2005 (Public Offering + Private Placement)

Suntec REIT
March 2014 (Private Placement)
November 2010 (Private Placement)
October 2006 (Private Placement)


manage to get a lot on info on my counters thanks
 

MasterLeong

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It depends on the price of the rights issue. If the rights issue is for a new acquisition, its nav will go up. so if the price is around that region; you will still make money in the long run.

The only issue is safety. For dividend stocks, the longer you hold the safer you are. But for REIT, doesn't the time held reset each time you pay for a rights issue?

Reits can definitely make money and be a good income stream, just look at dk. Must pick good ones la.

yup must pick good reits

put CCT and Kreit side by side for 5-10 years u will know the big difference riao
 

MasterLeong

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actually if only issue rights it is still ok as long as you have the cash to participate and it gives a rights issue at a much lower price. the worst thing is if they go for private placement, you will lose out. your share will dilute, share price will drop. you are not given even the chance to participate at all!

that's why must purchase reits at nav or lower to be safe

usually when a reit trade a premium to nav, its very easy to do placement for acquisition as everything will look dpu accretive
 
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