| Latest Forum Topics / Frasers Property Last:1.11 -- |
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Frasers Cpt
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lucky168
Veteran |
05-Jun-2014 22:15
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watched in awe on how a 12% minority shareholdings can cause this share to drop 6% in just a few days... amazing 
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luminol
Senior |
05-Jun-2014 21:19
Yells: "Correlation does not imply causation." |
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I' m no expert but the support seems far at around 1.70... might not even reach it. Watch the selling pressure subside before entering. I think they gonna release their quarterly results soon.
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AAwang
Member |
05-Jun-2014 16:46
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sold my 50,000 shares @ 1.94. I thought I sold it too early. The chance seems to come back for me to accumulate and I bought 6,000 shares @ average price 1.846. If the price goes down another 5 to 10%, i will buy more. |
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Davidson
Senior |
05-Jun-2014 14:16
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Hi expert, how much is the support level? Thanks | |||||
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luminol
Senior |
05-Jun-2014 10:08
Yells: "Correlation does not imply causation." |
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Hope it drops back to support level... wanna collect moarrr |
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guoyanyunyan
Supreme |
05-Jun-2014 09:25
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Frasers Cpt - A transformational proposalWe believe FCL' s plan to buy up to 100% of Australand makes strategic sense but has a slightly negative financial impact. We have yet to factor in the transaction but estimate it can lead to a 3% reduction in RNAV/TP using 1.1x RNAV/NTA for ALZ (its historical average P/BV). We believe that is more than priced-in with FCL' s 4% correction post announcement. We maintain our Add call and raise our target price (30% disc. to RNAV) slightly for the recent accretive take-up of FCT private placement. We will revisit our Add call if a bidding war occurs and FCL significantly overpays for ALZ. What Happened FCL announced a non-binding conditional proposal to acquire up to 100% of Australand' s (ALZ AU, Not Rated) shares via an off-market takeover offer for cash of A$4.48/share. FCL has an exclusive period of four weeks to conduct due diligence before finalising a binding Implementation Agreement. FCL' s share price fell 4% post the announcement. What We Think Makes sense strategically. This move is in line with management' s strategy of building up recurring income and scale in core markets. If 100% of ALZ is acquired, FCL would more than double its recurring income, and Australia would form ~40% of its total assets. Financial impact slight negative. Assuming full debt funding, gearing could rise significantly from 0.5x at Mar 14 to ~1x and potential equity fund raising may lead to dilution. Assuming ALZ' s RNAV/NTA is at 1.1x, the transaction can reduce our RNAV and TP to S$2.88 and S$2.02 respectively, still 56% and 9% higher than FCL' s current price. Risk of overpaying more than priced in. The offer price is at 1.2x ALZ' s NTA, above peer average and its historical P/BV of 1-1.1x. Stockland has an existing all-scrip offer that values ALZ at A$4.35 and we do not rule out a counter bid. We however believe the risk of overpaying has already been priced into FCL' s current valuation, which reflects a scenario where FCL pays ~A$5.50/share for ALZ (assuming a 30% discount to RNAV for FCL). What You Should Do Add. We are positive on the move from a strategic angle and believe the negatives have been priced in. We will revisit our call if a bidding war occurs. Source : CIMB Research ...last:$1.850... |
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guoyanyunyan
Supreme |
19-May-2014 21:09
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Frasers Cpt - Diversified property developer, with a Hospitality REIT listing in the pipeline
Source : Credit Suisse Asia Pacific Equity Research ...last:$1.945... |
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guoyanyunyan
Supreme |
14-May-2014 07:35
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Frasers Cpt has fully acquired LaSalle 61 Philip Sub Trust, a unit trust incorporated in Australia. As well as a 100% stake of Ananke Holding, the master lessee of the LaSalle' s owned hotel known as Sofitel Sydnet Wentworth for a collective amount of $237.2 million. |
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dicklinglk
Member |
12-May-2014 23:17
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TP at $2.05. Worth a wager ..... at $1.755 at today' s closing.
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guoyanyunyan
Supreme |
12-May-2014 15:59
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Frasers Cpt - Strong 2Q, delivering on presales FCL delivered another strong quarter, with 2QFY14 core net profit up 37% yoy. This was within expectations, with 2Q/1H core EPS forming 22%/48% of our and 20%/45% of consensus full-year forecasts. While all segments remained strong, the outperformance really came from earnings recognition from overseas developments in Australia and the UK upon completion. A 2.5 Scts/share interim dividend was declared for the quarter. FCL remains one of our top picks given its strong earnings visibility from S$2.8bn of unrecognised presales, redevelopment potential and a hospitality trust launch as a potential catalyst. We maintain our Add call and target price, based on a 30% discount to RNAV. We tweak up our FY15-16 EPS by 2% due to lower interest costs. Source : CIMB Research ...last:$1.765... |
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guoyanyunyan
Supreme |
09-May-2014 08:53
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CLARIFICATIONS ON MEDIA REPORTS Frasers Centrepoint Limited (the " Company" or " Frasers Centrepoint" ) refers to the article entitled " Frasers Buys Wentworth" published in the Australian Financial Review on 7 May 2014 regarding the purported purchase by the Frasers Centrepoint group of the Sofitel Sydney Wentworth (the " Hotel" ). The Company constantly explores and reviews opportunities to grow its business, and this includes opportunities to acquire and add quality properties to its portfolio of assets. As part of this strategy, the Company is engaged in discussions regarding a potential transaction involving the Hotel. However, no agreement has been entered into in relation to the potential transaction and there is no certainty of any transaction being proceeded with. The Company will make an announcement in the event of any material development at the appropriate time. The Company also wishes to clarify that, through its group of subsidiaries and associated companies, it owns and operates serviced residences in Australia with a total asset value of about A$252 million (approximately S$300 million based on an exchange rate of A$1 : S$1.17).The Frasers Centrepoint group' s total hospitality and development property assets in Australia amounts to approximately S$1.5 billion. In the meantime, investors and shareholders of the Company are advised to refrain from taking any action in respect of their securities in or issued by the Company which may be prejudicial to their interests, and to exercise caution when dealing with the securities of the Company. BY ORDER OF THE BOARD Anthony Cheong Fook Seng / Piya Treruangrachada Company Secretaries 7 May 2014 |
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guoyanyunyan
Supreme |
09-May-2014 08:41
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