FrasersComm   

FrasersComm

Sounds good!

 

Generally more good news than bad news.

a) FY11 forecast expected to be flat, expect to get the same DPU for FY11 perhaps

b) Only 11% of the lease due for renewal in FY11.

c)Debt Gearing at 40%.....800M debt back by 2B asset

d) DPU 0.5549 cts.

e) Property valuation increase in SG and AUS

f) NAV increase from 26cts to 27cts.......current trading at 39% discount......how much can FCOT screw you with this buffer....And not debt repayment for the next 1 year.

g) Still better than buying the CPPU.

Bad news

h) Japan valuation drop between 5 to 11%.  Portfoilo represent 9% of total asset - Lucky.  Those playing GLP need to play attention lor......GLP is about PRC and Japan asset play..izzit ??.....now you should know why T want to list it.....

j) Cash & E drop from 94M to 88M y-o-y.....not that bad...

k) Comos divest yet to complete.

OK laa.....the yield is better than singapore bond.....should be stable through 2012 lor.

 

Book Close Nov 2nd,

Payout Nov 29th.

 

Hi All,

Any opinions on the recent financial report?? : )) care to share?

 

Finally....waited so long.....anyway.....it is really a long long term investment....

Very strong buying by BB, sweep 16.5 in one stroke 20K lots.

Results out on Friday 22/10 after market closed.

Are we talking about more than 0.5 cts disti.......hmmmm

junction      ( Date: 20-Oct-2010 18:35) Posted: Looks like some BBs are collecting with big lots.  Probably because of good upcoming results since both Singapore and Australian properties have recovered from the doldrums.  Also Aussie dollar has appreciated against Sing dollar. junction      ( Date: 21-Sep-2010 08:32) Posted: Unless you did not take up your rights, your actual cost is around 37 cents only, not forgetting the good dividends you have been getting.  It is not reasonable to expect $1.20; otherwise this counter would be very much better than any other share in the market

 

Looks like some BBs are collecting with big lots.  Probably because of good upcoming results since both Singapore and Australian properties have recovered from the doldrums.  Also Aussie dollar has appreciated against Sing dollar.

junction      ( Date: 21-Sep-2010 08:32) Posted: Unless you did not take up your rights, your actual cost is around 37 cents only, not forgetting the good dividends you have been getting.  It is not reasonable to expect $1.20; otherwise this counter would be very much better than any other share in the market. jinsenlim      ( Date: 20-Sep-2010 17:35) Posted: I buy it during alloco period at $1.20. Now, it is only at cents. Very very disappointing. I doubt it can recovered back to last time. Only one word. Disappointed

 

REIT info, try this 

sureesh40      ( Date: 21-Sep-2010 08:54) Posted: That is one disadvantage of REITS now. They always issue rights shares. But what chance is there for it to at least go up to it's NAV of about 27 cents. What is the yield based on current price.

 

That is one disadvantage of REITS now. They always issue rights shares. But what chance is there for it to at least go up to it's NAV of about 27 cents. What is the yield based on current price.

 

Unless you did not take up your rights, your actual cost is around 37 cents only, not forgetting the good dividends you have been getting.  It is not reasonable to expect $1.20; otherwise this counter would be very much better than any other share in the market.

jinsenlim      ( Date: 20-Sep-2010 17:35) Posted: I buy it during alloco period at $1.20. Now, it is only at cents. Very very disappointing. I doubt it can recovered back to last time. Only one word. Disappointed

 

I buy it during alloco period at $1.20. Now, it is only at cents. Very very disappointing. I doubt it can recovered back to last time.

Only one word. Disappointed

 

I think so too. Even with the projected dilution from the convertible preferred unit its NAV is still much higher than its trading price. The convertible units will be converted at $0.23 per common unit, plus it is still giving healthy dividend at 7%.

With no debt mature until 2012, it is quite a safe bet and will rebound with the general economy.

 

 

E-war      ( Date: 26-Jul-2010 19:28) Posted: I've been slowly increasing my holdings on this baby. Bright future ahead!

 

I've been slowly increasing my holdings on this baby. Bright future ahead!

 

It still has high NAV, stabilized DPU, organic growth due to recovery of office rental. The run to 18 cents if possible represents over 20% gain.

 

But problem is there is poor sentiment against penny stocks, what would the catalyst be for this stock to run

keepinvest      ( Date: 26-Jul-2010 08:43) Posted: When it starts to move, its movement will be spectacular as it's perceived as lagging.

 

When it starts to move, its movement will be spectacular as it's perceived as lagging. 

 

yes, agree. lack of moment.

 

this is one of the worst stock that i am holding - always at the range of 0.135 to 0.140...no freaking movement for ages.

E-war      ( Date: 28-Jun-2010 11:22) Posted: Office commercial rental appears to be holding steady n finally gonna rise. Good prospects. Hopefully, this translates to share price gains soon!

 

Office commercial rental appears to be holding steady n finally gonna rise. Good prospects. Hopefully, this translates to share price gains soon!

 

yep, I am still keeping some because of its under valuation and no near term debt. 

yanggoat      ( Date: 01-May-2010 20:58) Posted: thank mushun2408 But personally looking at the yield still better than bank lesliesiaky

 

There is as much as 4 house covering this stock.  3 TP 18cts BUY call,  1 TP 16cts HOLD call.

Why I like this stock :

a) NTA is 27cts.  It is not BS as the asset is valuated every 3~6mths.  So......maybe the indpendent valuator is not so independent afterall issue ??  Well, recently, they sold off the building call COMOS in JPN.   Valuation 54M.....sold for 50M....only 8% off. 

So can I say the asset is as good as CASH ??

They are also planning to sell off non core asset.

b) DPU is 0.56cts or 7.4% annualized.  Good.

As long as Kangroo Land and Spore is OK....they are OK. Errrr....JPN will forever be not OK

Debt refinancing done.....will not be a problem for the next 2 year.

Want to short this stock ??  Can...... of course....provided your have 20K lots/bid rate lor......

The float is quite massive at 3B.

Another killer will be interest rate......

operation_pesb      ( Date: 01-May-2010 17:24) Posted: I guess it's because of its penny stock status. This might have the effect of not attracting the coverage by institutional analyst. It's a good buy nevertheless given its current undervalued valuation. Perhaps one day management should do a consolidation of shares to attract the interest of institutional players.

 

thank

mushun2408

But personally looking at the yield still better than bank lesliesiaky