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The conversion pricing is 30+% increase of current market price. Current DPU is also similar if not higher than the preferred share yield. not sue if there is any reason to opt in the preferred unit other than the mostly guaranteed 5.5% return.
If the strategy is for dividends, there are other counters that give better yield (i.e. starhub, M1)
I don't know much abt the pref shares. hence, can anyone tell me more of its advantages? When can we convert the pref shares to ordinary shares? Also, does the 5.5% interest pa for how long? Lastly, is it really worth to buy?
Thank you and Happy Chinese New Year.
My understanding is Fraser Centerpoint inject the financial assistant to FCOT by subscribing to the CPPU preferred units and raised capital to acquire ATP back in August 09 capital raising exercise.
The preferred unit is valued at $1 at a 5.5% annual return, and has the option to convert into common FCOT units at a price of $0.2369
Won't be interested in the preferred unit if that is the case as it might be better off acquiring the common unit instead at $0.15 and 5%-6% DPU.
My understanding could be wrong as the series of announcements related to CPPU is quite technical (if not confusing) :)
i also dunno whether is it good to apply and i also have not recieve any letter regarding the offer.
Can anyone give any comment whether is it good to apply for the offer.
If i never apply won,t de shares prices drop and i lose the benefit.
U need to pay $500 in order to get the Series A CPPU.
Sorry newbie here. Whats does the CO means?
I am currently holding 10 lots. Does it mean that i get 500 share for $1
Thank you
What is the benefit for applying? Should I apply?
The Manager also wishes to announce that the Transfer Books and Register of holders of units in FCOT (“Units” and holders of Units, “Unitholders”) will be closed at 5.00 p.m. on 9 February 2010 (the “Books Closure Date”) for the purpose of determining the provisional allotments of Series A CPPUs of Eligible Unitholders (as defined below) under the Series A CPPU Offering. The last day of “cum-entitlement” trading for the Series A CPPU Offering will be 4 February 2010.
In connection with the Series A CPPU Offering, Eligible Unitholders are entitled to purchase one Series A CPPU for every 20 existing Units standing to the credit of his Securities Account as at the Books Closure Date, fractional entitlements to be disregarded, at the offer price of S$1.00 per Series A CPPU (the “Offer Price”).
If i apply i should have 1.8 lots right?
I am also interested in this counter. NAV is about 27cts and unlike other type of industries, the net asset can be traded - ya....it is holding properties.
These properties' valuation are done periodically.
As this type of companies borrow heavily......a small rise in interest rate SIBOR or what BOR can doom them lor. And when no one want to lend them money to roll, they print more shares.
There are a many examples happened recently.
There is a BUY at 18cts from some broker (forgot who).......how ?
out-of-the-box ( Date: 27-Jan-2010 17:54) Posted:
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risktaker ( Date: 08-Jan-2010 18:10) Posted:
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I try to visit its website the other day. lol website registration expire.... simple things like that cant manage..... I lose confident in this coy.
Zelphon ( Date: 08-Jan-2010 13:08) Posted:
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There are better REITS around...
This one float size too big...Hard to move..
Won't see any huge movement cos of the float size..
Good stock to long but for mid term...There are better Reits with better yield and smaller float..
out-of-the-box ( Date: 08-Jan-2010 12:33) Posted:
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It may be worth buying for the long term, not for short orr medium term. For medium term there are better reits such as Ascott and K-reit.
However in the long term, FCOT may provide good returns when next bull run comes.
ktchua ( Date: 30-Dec-2009 23:45) Posted:
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Is this stock worth investing for short term ? It has been staying at 0.14 for a long time and it seems that there are huge volume to purchase it at 0.135 and nobody seems willing to sell it at this price.
Completion of refinancing of Frasers Commercial Trust’s debt
Singapore, 10 December 2009 – Further to the announcement made by Frasers Centrepoint Asset Management (Commercial) Ltd. (the “Manager”), as manager of Frasers Commercial Trust (“FCOT”) on 22 September 2009, the Manager is pleased to announce that Frasers Commercial Sub No. 3 Pte. Ltd., a newly incorporated wholly-owned subsidiary of British and Malayan Trustees Limited as trustee of FCOT (the “Trustee”), has today entered into a facility agreement pursuant to which the lender named therein has agreed to extend to Frasers Commercial Sub No. 3 Pte. Ltd. (the “Borrower”), a transferable term loan facility of A$150.0 million (the “AUD Facility”) for a term of three years from the date of drawdown of the AUD Facility. All sums payable by the Borrower under the AUD Facility are guaranteed by the Trustee.
Commonwealth Bank of Australia, Singapore Branch is the mandated lead arranger of the AUD Facility. The interest rate for the AUD Facility is the Australian BBSY rate plus a margin of 2.65% per annum (excluding upfront fees). The AUD Facility is secured by FCOT’s 50.0% interest in each of its Australian assets, namely Caroline Chisholm Centre in Canberra and Central Park in Perth.
The AUD Facility will be primarily used to repay amounts owing by FCOT pursuant to the Japanese Yen bi-lateral loan facility arranged by Commonwealth Bank of Australia, Singapore Branch and transactional costs, including upfront costs of establishing the AUD Facility.
Following the utilisation of the AUD Facility, which is expected to take place before the end of 2009, FCOT’s refinancing exercise will be complete and there will be no debt maturing until 2012.
In relation to the acquisition of Alexandra Technopark under Rule 1015 of the Listing Manual ofSingapore Exchange Trading Securities Limited and the issue of new units in FCOT on 26 August2009 pursuant to a rights issue, the sole financial adviser was DBS Bank Ltd. and the joint leadmanagers and underwriters were DBS Bank Ltd., BNP Paribas, Singapore Branch, Cazenove & Co.(Singapore) Pte Limited (a Standard Chartered group company)2 and Oversea-Chinese BankingCorporation Limited.
ok...i declare Trading Bots have taken over this counter !! dont believe??!?! see following trades...hee...jokers...1x lot buying..haha ! :P
| Time | Last | Vol | Buy/Sell |
| 09:47:53 | 0.150 | 1 | S |
| 09:42:47 | 0.145 | 5 | B |
| 09:42:45 | 0.145 | 20 | B |
| 09:40:12 | 0.145 | 9 | B |
| 09:40:11 | 0.145 | 35 | B |
| 09:37:46 | 0.145 | 13 | B |
| 09:37:45 | 0.150 | 50 | S |
| 09:37:02 | 0.150 | 1 | S |
| 09:36:55 | 0.150 | 1 | S |
| 09:32:27 | 0.150 | 1 | S |
| 09:25:55 | 0.150 | 1 | S |
| 09:16:28 | 0.150 | 1 | S |
| 09:06:26 | 0.150 | 100 | S |
| 08:59:01 | 0.150 | 135 | B |