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I have a hunch, 78¢ not a problem in the coming weeks.
The rights issue price at $0.73, anybody going for it?
Goldman Sachs cuts Mapletree Logistics Trust's target price to $0.82 from $1.06 to reflect impact of 3-for-4 rights issue priced at $0.73; maintains Neutral rating. Says with gearing now reduced to 38% after rights issue raised $606.7 million gross proceeds, trust can now grow DPU with yield-accretive acquisitions; "we think the long-term big picture for the logistics industry in Asia remains positive and see Mapletree Logistics Trust as uniquely leveraged to grow in this space." Adds management demonstrating it can execute in good times or bad times, continues to find good support from trust sponsor.
0.60
soloman ( Date: 18-Jul-2008 20:05) Posted:
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Can any kind soul help me in my doubts:
Issues of rights of 3:4 shares when share price traded at $0.9285 for $0.73 per share. Assuming the share price did not drop to this level and hang around $0.93. When new shares issued, the share price will usually drop in percentage to the discount. For this case, around $0.78.
1) If the unitholder decided not to take up the new shares, will he stand to lost since the share price drop to reflect the new shares? If he did not take up the shares, will he be compensated for that loss?
2) Issues of rights when share issued, will SGX create a new counter for people to trade the new share? How does it works if unitholders bought the rights and how he can sell in the newly created counter, if there is any.
3) For the case now that the share dropped to below the 73¢ rights price, how will the new share be trade when open for trading? Assuming today is 63¢, will the counter opened at 68¢?
The rights is too huge - they are biting the bullet
Ther will be share overhang for some time
I am just wonder if MapleTree has find it's support yet. I had bought in some for long term holding this morning. If it ever gets to 64¢, I would be much happy to buy in more, but of course sad that my initial entry of 69¢ had 5¢ trimmed off. I think the management is going offensive on acquiring bigger portfolio....
Renounceable rights ? Renouce it then
This stock will hit 64 cts - my target
Why buy the rights at 73 cents when the mkt is trading 7.05? What is the catch?
High chance that u get to buy at 73 for the amount of excess u want to round off your holding
hmm.. in this case, if I have only 6 lots, should I buy another 2 or I should not do anything about it.
Thanks
Like I said, 73 cts is too high a price for a DPU of 5+ cts after rights
Now proven true
mmm...nothing is free leh! I think rights entitlement is 73¢ meaning you are able to buy share at 3 shares @ 73¢ if you are holding 4. Current share price is 70¢, who will be so silly to buy rights for 73¢...
famasutika ( Date: 14-Jul-2008 17:19) Posted:
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3 for 4 rights. Meaning that, if I hold 4k of this share, then, I'll be getting 3k share for FREE?
Finally coming to 73 cts
At ex right, DPU is not that great
The price of 73cts for that DPU is still expensive
Predict it will go down further
What do you mean by 3 for 4 rights? How is it going to impact us if I am holding some shares in this counter?
3 for 4 rights
What is the DPU after the rights issue ? Anyone ?
ViperSTI, pls share info for last 5 years DPU and next two years forecast. I am interested.
This one looks like another jurTECH 0.37cts rights issue and now 0.28cts.
Can subscription but throw at first bounce up. I think it will settle at 0.68 - 0.72 when the tide calm. I maybe wrong too.
No $0.73, but close. Price targets are here. More details in the forum.
tch77_pt75 ( Date: 27-Jun-2008 08:40) Posted:
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Which firm downgrade the value to $0.73 and pls provide the link. Tks.