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Lendlease Reit
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Lendlease Global REIT
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madboysg
Member |
01-Apr-2022 20:32
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Shareholders can apply preferential share from 4 Apr 2022 at 9.00 am. Closing date is on 12 Apr 2022 at 5.00 pm
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isaac123
Member |
01-Apr-2022 14:08
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Hi, I was trying to find the preferential offering date, where i can go to buy the rights at the atm machine. Anybody know when is the date open for subscirptions? Kind regards, gp |
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Joelton
Supreme |
01-Apr-2022 09:52
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Lendlease Reit declares advanced distribution of S$0.011371 per unit
THE manager of Lendlease Global Commercial Reit (JYEU) on Thursday (Mar 31) declared that the amount of advance distribution to be paid in connection with the real estate investment trust' s (Reit) private placement will be S$0.011371 per unit.
This amount comprises a taxable income of S$0.00804 and tax exempt income of S$0.003331, applicable for the period Jan 1 to Mar 30. This means holders of Lendlease Reit units as at 5 pm on Mar 30 are entitled to the advanced distribution.
Last week, the manager announced a S$648.8 million equity fundraising exercise to help finance Lendlease Reit' s S$2.1 billion acquisition of the remaining stake in Jem mall that it does not already own. The fundraising consists of a private placement and preferential offering.
As part of the private placement, the manager said at the time it plans to declare an advanced distribution of between S$0.01 and S$0.012 for the period from Jan 1 to the day before the new private placement units are issued - estimated to be Mar 31.
Holders of the new units issued as part of the private placement will not be entitled to the advanced distribution. They are also not eligible to participate in the preferential offering.
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PhillipTan
Supreme |
31-Mar-2022 11:17
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Don' t worry, it won' t drop so low On the day the announcement was made, it closed at 0.77 and the day before the ex date it closed at 0.83 Average will be 0.80 per share Assuming you bought 10k shares at 0.80 You will be entitled to 2320 rights shares at 0.72 each Average after rights issue (ignoring excess rights), will be 0.785 per share And if you referred to my previous post, closing price on date of announcement at 0.77 is actually the fairly valued price based on last closing price before trading halt 0.77 is factoring last closing price with private placement If taking 10k shares at 0.77, closing price of announcement Average share price after rights issue will be around 0.756 So current price of 0.755-0.76 is actually quite fairly valued
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prophetjul
Master |
31-Mar-2022 10:59
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The stock price is looking for 72.5 ish being the offered price for the private placement. | ||||
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PhillipTan
Supreme |
31-Mar-2022 10:51
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Not the usual pump and dump Pump to be eligible for the rights issue Once the ex date, they dump with losses and get back majority of their capital Then use the money from the sales to apply for their entitled rights shares plus excess rights application This way you can potentially get a lot of shares very cheap, at the cost of small losses which is easily covered back Ex date is 29th, those who sell after 29th are the real losers when prices crashed down by a lot If didn' t sell on 29th, might as well don' t sell already
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CheeryVGoh
Supreme |
30-Mar-2022 14:46
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Anyone bought or sold today? Who were your counterparties? |
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Goldfinger
Supreme |
27-Mar-2022 20:51
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On the contrary, the reopening by Singapore was bolder and more aggressive than expected. JEM and 313 Somerset will be well positioned to benefit from the increase in foot traffic, F& B and travellers. Positive. | ||||
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john_ric
Supreme |
26-Mar-2022 10:50
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Pump and dump.
Those who get con cry no tears |
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des_khor
Supreme |
26-Mar-2022 10:04
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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Now ceiling water fall again as at 10am ! | ||||
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PhillipTan
Supreme |
24-Mar-2022 13:29
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Easing of covid restrictions causing hospitality, retail and travel industry and related stocks to jump Eg.CDL HT, Suntec, SIA, FCT and also Lendlease etc Can say every single stock in my portfolio that is related to these industries all jumped a lot today Not an exception for Lendlease too which is into retail
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HVRRVH
Elite |
24-Mar-2022 12:54
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If price continue to consolidate at this level there may not have many excess units to subscribe. With 1 cent advance dividend factored in, the market has now price the reit almost 10 cents above the PO price (82 cents vs 72 cents). What cause the market to value the reit so differently from yesterday (hit low of 75.5 cents)? | ||||
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Joelton
Supreme |
24-Mar-2022 09:22
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Lendlease Reit hits 9-month low on S$648.8m equity fundraising
UNITS of Lendlease Global Commercial Reit fell as much as 5 per cent after resuming trading on Wednesday (Mar 21).
The manager had announced a private placement and preferential offering on Tuesday - proceeds of which would help finance the real estate investment trust' s (Reit) S$2.1 billion acquisition of the remaining stake in Jem mall that it does not already own.
The counter dropped to a low of S$0.755 on Wednesday morning, down 5 per cent or S$0.04 as at 9.01 am. The last time the counter closed near this level was May 31, 2021 at S$0.76.
By 11.06 am, Lendlease Reit units were down 4.4 per cent or S$0.035 to S$0.76. The Reit was also the third most traded by volume on the Singapore bourse at the time, with 26.5 million units changing hands.
In a bourse filing on Wednesday, the Reit' s manager said the private placement was 3.3 times subscribed. The upsized option was also exercised, bringing the total amount raised via the private placement to S$400 million for the issue of 551.7 million new units.
Together with the preferential offering, where a total of 345.6 million units will be issued at S$0.72 apiece, the total amount raised in the equity fundraising exercise will be about S$648.8 million.
The private placement was priced at S$0.725, the lower end of its S$0.725 and S$0.74 issue price range, representing a 9 per cent discount to the Reit' s volume-weighted average price of S$0.7964 per unit on Mar 21 - before the equity fundraising was announced.
The manager expects the private placement units to be issued on or around Mar 31, 2022.
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PhillipTan
Supreme |
23-Mar-2022 16:25
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And similarly there will always be non-shareholders who wants to take part in the rights issue to get more shares cheap So even if they pay slightly higher, say $0.775, also not strange
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PhillipTan
Supreme |
23-Mar-2022 16:23
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It is not about the rights issue that made the price drop It is the private placement at $0.725 per share Existing shares 1.19b times last traded price $0.795 = $947.36m Cash from new shares issued through private placement = $400m No of new shares issued = 551.7m Share price = ($947.36m + $400m) / (1.19b shares + 551.7m shares) Approx = $0.77 Share price dropped to $0.77 is not due to weak hands in the market It is just the proper reflection of the actual value Anyone can come up with this value just by reading the news If almost every buyer that decides to buy only at this price or lower, sellers will have no choice but to sell at this price or don' t sell at all And there are always some " gamblers" that would sell most of their holdings away at this price Get more cash and apply for excess rights shares that are even cheaper at $0.72 So there will be sellers even at this price Nothing strange or stupid
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whisng
Veteran |
23-Mar-2022 13:24
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And this is not including the advance distribution of at least 1 cent, so if add the 1 cent, the market price likely is 0.77
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whisng
Veteran |
23-Mar-2022 13:22
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I think is (0.795+0.72)/2 = 0.757 (0.795 the price right before halt trading pending announcement and then 072 is the rights price)
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Ciaton02
Member |
23-Mar-2022 12:55
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How do you compute that?
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whisng
Veteran |
23-Mar-2022 12:00
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Was surprise that there were so many weak hands in the market. Once company announced rights, these weak hands just panic sell. Hope they finish selling soon and then price will stabilise. Anyway, it only dropped like 3.5 cents and that the weak hands cannot stomach already. Really cannot understand why then they buy the shares in the first place sia. Buy high sell low and give away money for charity? So stupiak. Haaa
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john_ric
Supreme |
23-Mar-2022 11:09
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The market price after Right is about 0.76 | ||||
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