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true.. its 2x over subcribed .. low as compared to other ipos.. its much expensive too..
well.. with 2 lots, worth a little kopi$ ..lets see how it goes.. =)
respond no so good ! good luck !
seems like not much interests on this new trust frm forumers..
any guess on the opening price? =)
confirm a stag on this...hee
quote: AFX News: First Ship Lease Trust (FSL Trust), which operates a fleet of tanker and container ships, will start trading on the Singapore Exchange at 2.00 pm.
FSL Trust sold 247 mln shares at 0.98 usd each via its initial public offering, which was 2.53 times subscribed.
FSL Trust also sold another 160 mln shares to the IPO's sponsors and a further 120 mln shares to cornerstone investors.
The sponsors of FST Trust include Schoeller Holdings Ltd, HSN Norbank AG, Bayerische Hypo und Vereinsbank AG and BH Ship Leasing Corp. Among the cornerstone investors are Penta Investment Advisers, DWS Investment GmBH and AIG Global Investment Corp (Singapore) Ltd.
In total, FSL Trust said it expected to raise 490 mln usd in gross proceeds from the sale of shares.
The proceeds will largely be used to finance the acquisition of 13 vessels, valued at around 427 mln usd, being injected by the sponsors into FSL Trust, as well as to fund the group's working capital requirements. Based on its IPO price, FSL Trust said it expects to pay an annualized distribution 0.0852 usd per share this year, equivalent to a distribution yield of 8.69 pct. unquote
FSL Trust sold 247 mln shares at 0.98 usd each via its initial public offering, which was 2.53 times subscribed.
FSL Trust also sold another 160 mln shares to the IPO's sponsors and a further 120 mln shares to cornerstone investors.
The sponsors of FST Trust include Schoeller Holdings Ltd, HSN Norbank AG, Bayerische Hypo und Vereinsbank AG and BH Ship Leasing Corp. Among the cornerstone investors are Penta Investment Advisers, DWS Investment GmBH and AIG Global Investment Corp (Singapore) Ltd.
In total, FSL Trust said it expected to raise 490 mln usd in gross proceeds from the sale of shares.
The proceeds will largely be used to finance the acquisition of 13 vessels, valued at around 427 mln usd, being injected by the sponsors into FSL Trust, as well as to fund the group's working capital requirements. Based on its IPO price, FSL Trust said it expects to pay an annualized distribution 0.0852 usd per share this year, equivalent to a distribution yield of 8.69 pct. unquote
hey, anyone got their money back yet? i havent got mine yet.. ha..
Hawke009, only available on ATMs and paper application. Can't do it on internet.
This is the field for player who doesn't want to face too many risks.
Consider it as deversification, rather than investment. Trust is always good if you have a lot of money and you can't feel market movement anymore ... :)
haha...then waiting for wat?? just short it down lah !!! :D
any takers??
btw...wat's the yield for 1st pac shipping trust har??
this can be compared to our first pacific shipping trust, now US$0.425 [IPO S$0.70], not much upside from IPO price.
this one gd meh?? can SHORT on 1st day debut or not? hee....
Hi hawke009, I've just applied FSL IPO thru DBS ATM. Fixed price is S$1.50 per share
how to vest on this ipo as it is lease in US...? My DBS didn't show this IPO info... anyone can advise. thks. :)
wow ROI25per you so rich applying 10 lots
heheh I hantam less then you.... only got money for 6 lots only =)
heheh I hantam less then you.... only got money for 6 lots only =)
no harm trying, i will be applying 10 lots. gd luck to all.
Is it listed in US $ ??? Then it is gd for short term..
If this IPO's price can really double on it's debut, then the whole market will be surely inspired to "Cheong AHH" too... :)
hi, hw much do u think it will go upon launch?
hi, hw much do u think it will go upon launch?