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FrasersComm
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Andrew
Master |
09-Feb-2011 22:42
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Oh.....I only see the SGX announcement.
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Andrew
Master |
09-Feb-2011 22:32
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I really do not know.......I will only trade when I see the actual stock in my CDP. Anyway, I am in no hurry to sell now............
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geniex
Member |
09-Feb-2011 22:24
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Will Trading of Consolidate Share and Odd Lot Share between 8 Feb to 10 Feb consider as Shorting? Cause CDP will only reflect on 11 Feb
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ianong
Member |
09-Feb-2011 13:52
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According to FCOT announcement, CDP will be updated only on 11 Feb (Fri). From 8 to 11 Feb, you have to trade in consolidated shares/quantity.
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Andrew
Master |
09-Feb-2011 12:39
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I think CDP will inform you the change. There is an odd lot counter for FCOT trading in 100 shares. Unless your odd lot is more odd than that, you can trade with FCOT100 (NE6U). Limited time only, in which this counter NE6U will be delisted.
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Andrew
Master |
09-Feb-2011 12:34
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10 Feb (tomorrow). As 7 is the last day trade for A48U.
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mysingtel
Member |
09-Feb-2011 10:24
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Any idea when my CDP account will update the old stock to the new stock? | ||||
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passingby
Member |
08-Feb-2011 21:17
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Thank you for your explanation. Sorry need to ask another question - the CDP will inform you how much your shares worth based on your lots? And, how to clear the odd lots |
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Andrew
Master |
08-Feb-2011 21:06
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Based on 17 cts.....the new share is worth 85cts. Today closing 86.5 or eq 17.3cts. You buy at the new pricing 86.5cts lor. Note that every 100lots of old stock(AD8U) become 20lots of new FCOT share (ND8U). Do adjust your portfilio accordingly and under the new ND8U code lor
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passingby
Member |
08-Feb-2011 19:37
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May I know how much is the share price worth after the consolidation? Also, can we still buy the share now? |
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Andrew
Master |
08-Feb-2011 10:04
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Wow....today started consolidated trade. Do check your CDP before you trade as mine is still showing the old stock code in my CDP...... | ||||
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Andrew
Master |
31-Jan-2011 14:19
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So....did you manage to see the FCOT advantage today ?
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bryansng
Senior |
30-Jan-2011 11:24
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I don't see a potential of upside for this counter. Anyone seeing otherwise? | ||||
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Andrew
Master |
29-Jan-2011 14:41
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Singapore, 28 January 2011 – Further to the announcement made today by Frasers Centrepoint Asset Management (Commercial) Ltd. (the “Manager”), as the manager of Frasers Commercial Trust (“FCOT”), in relation to the approval obtained from Unitholders for the proposed Unit Consolidation, the Manager hereby gives notice that the register of Unitholders and the Depository Register will be closed at 5.00 p.m. on 10 February 2011 (the “Books Closure Date”) in order to determine the entitlements of Unitholders for purposes of the Unit Consolidation. Remember to check your CDP account and adjust your portfilio accordingly. |
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bsiong
Supreme |
28-Jan-2011 18:08
Yells: "The Greatest Wealth is Health" |
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hear say from DBSV Frasers Commercial Trust: BUY (Upgrade from HOLD) S$0.17; Bloomberg: FCOT SP Turning round the corner; Price Target : 12-Month S$ 0.21 (Prev S$ 0.19) By: Singapore Research Team +65 6533 9688 / Derek TAN +65 6398 7966 · Upgrade to Buy and TP to $0.21, with 30% total return · Results in line, riding on office uptrend in Spore and Australia · Valuation undemanding at 0.63x P/BV, FY11 yield of 7.2% On turnaround path. The recent series of capital management exercises has placed FCOT on firm footing. Divestment of Cosmo Plaza has helped lightened balance sheet to 38% gearing. The group is also expected to step up from its “penny stock” perception with the proposed 1-for-5 units consolidation. Going forward, expiry of master leases at CSC in Mar 2012 and ATP in 2014 should enhance organic growth visibility as underlying rents for these properties are currently above or close to base levels. Amid the brighter outlook for office sector, we believe that FCOT should be able to enjoy the full positive impact of reversions. Our revised TP of $0.21 translates to a 30% total return. Current valuations are undemanding at 0.63x P/BV and FY11 yield of 7.2%. 1Q11 results underscores improved operating performance. 1Q11 gross revenue and NPI declined by <2.0% yoy and qoq to S$29m and S$22.9m respectively. Distributable income net of CPPU dividend amounted to $7.9m (DPU: 0.25cts) up 4% qoq, thanks to lower financing expenses. Higher occupancies at Keypoint and 55 Market Street helped to offset negative NPI contribution from recently divested Cosmo Plaza and negative rental reversions. Portfolio occupancy is now at an average of 91.8%. In addition, proactive leasing strategies should benefit the 8.2% NLA expiring this year. Room for uplift from capital management moves. Given current low interest rate environment, management is looking at possibly refinance its debt early. Given FCOT’s relatively high interest cost of 4.3% and lumpy expiry profile, there could be significant potential interest savings. In terms of sensitivity, for every 25bps savings, DPU could be raised by 4%. Lowest P/BV multiple of 0.63x. We raised our FY11/12 DPU to 1.2cts/1.3cts translating to a yield of 7.2-7.6%, one of the highest in the commercial Sreits space. |
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Andrew
Master |
28-Jan-2011 12:42
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Strange hor......1cts to TP still buy call ?? Heeeee. Got upside buy not sure........
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bsiong
Supreme |
28-Jan-2011 09:16
Yells: "The Greatest Wealth is Health" |
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hear say.... OSPL:SG Summary: Frasers Commercial Trust (FCOT) announced 1Q11 gross revenue of S$29m, which declined 2.3% YoY and 1.1% QoQ. This was mainly attributed to the lower contribution from Cosmo Plaza as a result of the expiry of a significant tenancy in Aug 2010. Subsequently, FCOT successfully completed the divestment of Cosmo Plaza on 18 Jan 2011. We view this divestment favorably, as it will improve the overall quality of the portfolio and lower FCOT’s gearing from 39.8% to slightly below 38%. Overall portfolio occupancy will also improve from 91.8% to 96%. FCOT is currently trading at a PBR of 0.44x, which is lower than its historical PBR of 0.54x since listing. Given the strong sponsor, capable manager and stable income, we feel that the high discount is unwarranted. As a first step, the manager is heading the right direction by divesting low income-producing assets. We anticipate further scope for the manager to grow income through asset enhancement initiatives and acquisitions. Maintain BUY with an unchanged fair value of S$0.18. |
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Andrew
Master |
27-Jan-2011 11:04
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Any buyer....@ 17 go went gone....433lot to go... | ||||
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Andrew
Master |
27-Jan-2011 10:54
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Yes indeed. But.....results is flat. For long term play watch the loan careful. They need to be refinanced by 2012. 2011 is OK. I think pple selling due to the fact there is no disti this round as they do it bi-yearly. Next disti around End-Apr 2011 or Q2 results. Still Vested.
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Investor77
Member |
27-Jan-2011 10:25
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Got rid of poor performing asset, good. Distribution up, great. Let's see if it can reach 20c ($1 post share consolidation) .... |
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