| Latest Forum Topics / Eagle HTrust USD Last:0.137 -- |
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EAGLE Hosp Reit US$ @$0.780 cents
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onegun
Member |
23-Oct-2019 23:01
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well invesstigation still undergoing. Long beach is confident and is hiring another firm to do the check. https://www.presstelegram.com/2019/10/19/years-of-queen-mary-inspection-reports-show-little-repair-progress-has-been-made-despite-new-operator/ |
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danger
Supreme |
23-Oct-2019 22:50
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Under a 2016 lease agreement, Urban Common &ndash the sponsor of Eagle US Hospitality Trust &ndash was tasked with the repair of The Queen Mary in exchange for a 66-year lease on the property. Under the agreement, Long Beach said it would shoulder US$23 million for the most urgent repair work, with Urban Commons covering the remainder of the costs. If the cost of repair comes up to US$289 MILLION as estimated ..then it means REIT SPONSOR - urban common have to come out with US $ 250 million  Where to find these money ? Stop DPU for few years ? Or rights issue ASAP ? |
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danger
Supreme |
23-Oct-2019 22:28
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According to that report, the total cost of ship repairs could range from US$235 million ($320 million) to US$289 million. In addition, it estimated that the work would take approximately five years to complete, with some 75% of repairs deemed &ldquo urgent&rdquo . According to EHT&rsquo s IPO prospectus, The Queen Mary has been valued at US$159.4mil and has an occupancy rate of 69.8% as at FY18. And with its prospects of improvement diminishing, it raises a titanic question on the adverse effects this may have on the newly-listed REIT. |
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danger
Supreme |
23-Oct-2019 22:23
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Eagle US Hospitality Trust could get wings clipped as key asset The Queen Mary sinks into disrepairUma Devi  23/10/2019, 8:04pmSINGAPORE (Oct 23): The Queen Mary Long Beach, a decommissioned ocean liner that has now been converted into a 347-room upscale hotel in California, is one of the key assets in the 18-property portfolio of Eagle US Hospitality Trust. But following a series of damning reports by an independent inspector hired by the City of Long Beach, Eagle US Hospitality Trust could soon lose its prized possession. |
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danger
Supreme |
23-Oct-2019 19:57
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Oh really did i miss out something about viva ? viva listed at 78c ..then traded down to below 70c then news of proposed industrial reit merger popped up Esr reit merger comfirmed at certain price.. that is why finally it ended above ipo price Anyway  eagle at 63.5 looks tempting  |
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laksaman57
Supreme |
23-Oct-2019 18:50
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Your remark glaringly exposed how little you know about Viva history. 
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Goldfinger
Supreme |
23-Oct-2019 18:07
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Thanks - useful reference.. This tells me that Long Beach is really beholden to the Queen Mary - if it needs to fund part of the restoration work.  If its fate is intertwined, then the Queen Mary has quite a fair amount of bargaining power.
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n3wbie
Elite |
23-Oct-2019 17:33
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quite a bearish article on queen mary: https://www.lbbusinessjournal.com/queen-mary-leaseholder-not-meeting-obligations-city-says/ |
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danger
Supreme |
23-Oct-2019 17:33
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Viva reit without ESR merger wouldnt have got so lucky | ||||
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laksaman57
Supreme |
23-Oct-2019 17:25
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Lesson can be learnt from Viva reit, which major SSH was from China. Its humble beginning and later rise is worth your research. Don' t be misled by for those who promote the so called cornerstone investor safety net. Hyflux had cornerstone investor. Asian Pay Tv Trust had cornerstone investor. Noble had cornerstone investor. No forgetting HPH Trust. Dyodd.
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laksaman57
Supreme |
23-Oct-2019 17:16
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Many retail investors already lost alot $ by listening to you @HPH Trust. Your so called " anchor shareholder" narrative over at HPH Trust was a major contributing factor that retail investors fell for.
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danger
Supreme |
23-Oct-2019 16:25
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maybe 63.5 can buy ? higher yield ? Yet no LOSS from price dive
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danger
Supreme |
23-Oct-2019 16:15
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63.5 lowest ? | ||||
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CheeryVGoh
Supreme |
23-Oct-2019 16:10
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T This Eagle can' t flap her wings, so can' t soar.
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danger
Supreme |
23-Oct-2019 15:41
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Scare is these SSH  individual ,, suka suka say raise funds for acquistion by rights issue ... they are SSH .. nobody to stop them Buy dont know what asset ... then habis |
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danger
Supreme |
23-Oct-2019 15:20
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jamesng
Master |
23-Oct-2019 15:16
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From China??? Will they dump if trade war get worse??? | ||||
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danger
Supreme |
23-Oct-2019 15:12
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you see this REIT dont have any  instituitonal investors .. no Temasek no Morgan stanley , no SWF , no citibank .. nothing The main shareholders are individual from china
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Goldfinger
Supreme |
23-Oct-2019 15:11
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Actually, paiseh, I have a lot more to pile into these stuff.  Have been making crazy good profits from the REITS rally this year.  Really crazy good.  Like a quarter of a million SGD from MINT already, besides others.
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prophetjul
Master |
23-Oct-2019 15:07
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Maybe the game is just starting. Buy low. 
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