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FrasersComm
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junction
Senior |
02-Nov-2009 17:39
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So Phillips Sec has changed tack. I remember someone in this forum quoted Phillips fair value x rights as 12.5 cts and now, just a couple of months later it is 17 cts. By the way it never reached 12.5 cts. With the convervation price about 23 cts, NAV 26 cts, well what do you know? Do your own homework.
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nickyng
Supreme |
02-Nov-2009 13:56
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hmm...punters seems to hv forgotten about this burger....dont seems to break up from 15cts level too....mother share overhagn due to Rights issues sometime back? ?? :P |
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tradersgx
Veteran |
01-Nov-2009 23:22
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Frasers Commercial Trust Oct 26 close: $0.155 PHILLIP SECURITIES RESEARCH, Oct 26 FRASERS Commercial Trust (FCOT) announced results for 9M FY2009, which is also the full year result for FY2009 because the financial year-end was changed from Dec 31 to Sept 30. For the three months ended Sept 30, gross revenue came in at $25.7 million (down 3.4 per cent y-o-y, up 13.3 per cent q-o-q), net property income was $20.0 million (down 0.6 per cent y-o-y, up 12.3 per cent q-o-q) and distributable income was $6.1 million (down 23.9 per cent y-o-y, up 10.4 per cent q-o-q). Distribution per unit (DPU) for the quarter was 0.2 cents and total DPU for the nine months was 1.65 cents. Overall, financial performance was better in FY2008 compared to FY2009. In our opinion, the office market remains weak and should remain subdued at least in the next quarter. For FCOT, master leases of Alexandra Technopark and China Square as well as the annual rent increment of Caroline Chisholm provide stability to its revenue. We estimate this contribution to be approximately 46 per cent of FY2010F revenue. FCOT will also be drawing down its Australian dollar loan facility so as to create a natural hedge of its revenue contribution from Australia; this will then minimise foreign exchange uncertainty leading to greater stability of DPU. As mentioned in our previous report, the repositioning of FCOT by management takes time to crystallise and we are now seeing plans being implemented. We roll forward our discounted-cash-flow valuation into FY2010F, which gives us a fair value of $0.17. Our DPU forecast for FY2010F is 1.11 cents, which translates to a dividend yield of 7.16 per cent. Our valuation has not factored in the conversion of the convertible perpetual preferred units whose conversion price is $0.2369. HOLD |
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bluebox11
Member |
17-Sep-2009 17:45
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Think some big player is controlling the price for this counter....
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beckleong
Member |
17-Sep-2009 13:46
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What is the TP for this counter? Any sifus can advise? | |||||||||||||
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wongkz
Member |
14-Sep-2009 23:31
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my intention is to accumulate this counter for long term. neglecting short term fluctuations, anyone foresee any issues w tis counter eg, cash flow, refinancing issues? |
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freeme
Elite |
14-Sep-2009 18:22
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no news.. but its chart currently look nice to entry.. but at the same time, it might not move much unless BB comes in. too many shares floating in the mkt liao.
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denn_goh
Member |
14-Sep-2009 17:01
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Thanks alot Alligator. Got any upcoming news for this counter :)
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Alligator
Veteran |
14-Sep-2009 16:54
Yells: "learning from past " |
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Dividend had nothing to do with broker If u are entitled, then CDP will send you CHEQUE to your registered address. If you choose to direct credit to you bank, you should have it already. Be sure to check when you bought, in order to be entitled, u must buy cum dividend, or on or before 3 Aug
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denn_goh
Member |
14-Sep-2009 16:49
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Hi any idea how to check from my poems account? Thanks in advance.
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Alligator
Veteran |
14-Sep-2009 16:47
Yells: "learning from past " |
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I read your old posts. it seems you talked about FCOT rights around Aug 12. Whatever date you bought,, you need to take note that EX-dividend is on 4 Aug. So if you buy either mother shares or rights shares on or after Aug 4, then you are not entilted for the dividend.
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Thinkfirst
Member |
14-Sep-2009 16:24
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Hi, yes, it has been credited to our acct on 28 Aug.
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denn_goh
Member |
14-Sep-2009 15:55
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Hi ... Can i check if FraserComm just give out dividends. Because i need to check if they credit the divdends into my account anot. http://www.sgx.com/wps/portal/marketplace/mp-en/listed_companies_info/company_all-in-one_info/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os3gTn1DXUFNLYwMLtwA3AyMvZ3Mf09AAA_dAI6B8JE55g2BDSnS7mxHQ7aUflZ6TnwR0pZ9Hfm6qfkFuaESlo6IiANmLKQA!/dl3/d3/L0lDU0lKSkpDZ3BSQ1NBISEvb0VvZ0FFSVFoakZFSUFBak9NNFJrb0lBSVFBIS80QzFiOVdfTnIwUkprQWxJSWlSLS83X0NHQUg0N0wwMEdJTjcwMk5URzFVUEUxTzMwL2libS5pbnYvMTE0MTkxMDAzNzAz/#7_CGAH47L00GIN702NTG1UPE1O30
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MikeL2009
Member |
02-Sep-2009 09:44
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This morning opened at 15.5. You got it? I got another 20 lots.
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jiehuangsg
Member |
01-Sep-2009 23:09
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I am waiting for $0.155 for so long but never get it. May go up anytime? |
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freeme
Elite |
01-Sep-2009 22:44
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if gt 0.14 im going to take liao.. ;) also waiting
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Zelphon
Senior |
01-Sep-2009 22:42
Yells: "Hauttttttttt AHhhhhhhh !!!" |
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It will come when Q3 result release.. Massive dilution will reduce DPU.. Then we can see dumping action... |
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tedlim_me
Senior |
01-Sep-2009 22:25
Yells: "there is no equity in the equity markets" |
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hmm.. i'm with commando.. waiting and hoping for 0.13.. | |||||||||||||
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bigbaby
Member |
01-Sep-2009 21:55
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Going to Q for 100 lots at 0.155. Long term. |
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junction
Senior |
01-Sep-2009 19:21
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A few of us pool our money to buy this share. My share is very small compared to my friends'. One of us is more savvy and has the time to research and take care of the movement of the market so we leave it to him to do the trading after discussing and coming to a concensus the previous day. He sms us as soon as any trade is done. We like this counter for a few reasons one of which is the fact that it is easy to get in and out. Another is we feel confident we can get much better returns than putting our money in the bank say within a 3 month period although we can wait longer. Of course we cannot say how much it will go up or down. That depends on the market. How many lots do I consider as significant? That depends on the affordability of the individual. One good advice I have been given from the more experienced investors is not to use money I cannot afford to lose. That way I don't have to bother about the fluctuations in the price of the counter as long as I feet it will move up within my timeframe.
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