Latest Forum Topics / SPHREIT Last:0.94 -- |
![]() |
SPH Reit
|
|||||
ysh2006
Supreme |
22-May-2022 21:50
|
||||
x 0
x 0 Alert Admin |
Like this some former said Ong BS sure win and delist this reit and later like "Dream Cruise " sail again ? | ||||
Useful To Me Not Useful To Me | |||||
Sg_KoalaDreaming
Veteran |
22-May-2022 16:24
|
||||
x 0
x 0 Alert Admin |
yeah my teh tarik stall owner was telling me that he believes there will be assets pump in, now that the possibility to take the existing reit private first and then relist in a new package to gain a better IPO price is fraught with lots of uncertainty in view of market situation. My teh tarik stall owner is willing to offer me 6 complimentary drinks as he is confident. hmmm.... wondering whether to do a deal with him  ![]()
|
||||
Useful To Me Not Useful To Me | |||||
|
|||||
LongXia
Veteran |
22-May-2022 11:30
Yells: "BBs never say why when they buy, never tell when they sell!!" |
||||
x 0
x 0 Alert Admin |
I don' t normally post on weekend... but I thought I give my view on this. if you hv bought it low, say at $0.80 plus, then maybe u want to cash out considering the offer is above nav. But if you are an adventurous guy, got holding power, you may want to wait abit longer. if the coffee shops uncles are to believe, there will be a major corporate move after offer is over. The mandatory cash offer was made or has to be made because in its bid to take over SPH OBS consortium  has effectively crossed the mandatory takeover threshold.... we believe it is its intention to keep the reit listed, and then decided on who will take over the prize among the members of the consortium. Note that Capitaland and Mapletree are among the vultures. However, it is common knowledge that OBS is very interested in Paragon. pdyohwadfmb |
||||
Useful To Me Not Useful To Me | |||||
ysh2006
Supreme |
22-May-2022 11:07
|
||||
x 0
x 0 Alert Admin |
Ong BS already got more than 50% ...just a show to offer a price ...
|
||||
Useful To Me Not Useful To Me | |||||
Checkerman
Master |
22-May-2022 10:43
|
||||
x 0
x 0 Alert Admin |
Lousy counter . IPO price is 88 ct or 91 ct
Laggard all the way
|
||||
Useful To Me Not Useful To Me | |||||
|
|||||
TA_Expert
Supreme |
21-May-2022 21:44
Yells: "The World has changed" |
||||
x 0
x 0 Alert Admin |
Temasek is smart to buy assets from Singkies at cheap prices, while paying premium to foreign companies. | ||||
Useful To Me Not Useful To Me | |||||
cobrajr
Senior |
21-May-2022 21:42
|
||||
x 0
x 0 Alert Admin |
Minimum price $1.15 can consider
|
||||
Useful To Me Not Useful To Me | |||||
xenon672
Member |
21-May-2022 20:01
|
||||
x 0
x 0 Alert Admin |
SPH Reit is one of the few still surviving so DONT SELL!!!...Its worth much more...anyway its a technical offer to shareholders like APAC REALTY...where thevoffer price is way too low!!...So the offer is made because these companies that hold too much shares need to offer a buy out..that does not mean present small share holders have to be stupid to accept their low ball prices!!!..SO DONT SELL !!! Sph Reit..(and DONT SELL APAC REALTY either)!!! | ||||
Useful To Me Not Useful To Me | |||||
|
|||||
Goldfinger
Supreme |
21-May-2022 18:17
|
||||
x 0
x 0 Alert Admin |
They privatise Sph in the midst of a pandemic at pandemic pricing. Is this not a mean deal? | ||||
Useful To Me Not Useful To Me | |||||
beidou
Member |
21-May-2022 12:33
|
||||
x 0
x 0 Alert Admin |
I keep because I felt the offer price is too low. | ||||
Useful To Me Not Useful To Me | |||||
leeketon
Member |
21-May-2022 11:55
|
||||
x 0
x 0 Alert Admin |
Seeking advice...Now Cuscaden is offering to buy up all SPHREIT shares at 0.9372/share. Should we let go or to hold on? Thanks.  
|
||||
Useful To Me Not Useful To Me | |||||
TA_Expert
Supreme |
19-May-2022 08:41
Yells: "The World has changed" |
||||
x 0
x 0 Alert Admin |
The govt and the management are smart. Sell the crown jewel at cheap price. |
||||
Useful To Me Not Useful To Me | |||||
|
|||||
Juzztrade
Master |
18-May-2022 14:55
![]() Yells: "Techincal and long term investor" |
||||
x 0
x 0 Alert Admin |
Now SPH property is in good hand of the new group.   |
||||
Useful To Me Not Useful To Me | |||||
Juzztrade
Master |
16-May-2022 18:21
![]() Yells: "Techincal and long term investor" |
||||
x 0
x 0 Alert Admin |
![]() |
||||
Useful To Me Not Useful To Me | |||||
Juzztrade
Master |
11-May-2022 11:40
![]() Yells: "Techincal and long term investor" |
||||
x 0
x 0 Alert Admin |
Most likely tomorrow, for those who opt for full cash. | ||||
Useful To Me Not Useful To Me | |||||
ysh2006
Supreme |
11-May-2022 11:37
|
||||
x 0
x 0 Alert Admin |
Sph will be delisting on 13 May may know has it credit our cash portion into our account ? | ||||
Useful To Me Not Useful To Me | |||||
Joelton
Supreme |
30-Apr-2022 09:52
|
||||
x 0
x 0 Alert Admin |
Cuscaden makes chain offer for SPH Reit at 93.72 cents per unit, 3.9% below last traded price
  Cuscaden Peak will offer to acquire SPH Reit at 93.72 cents per unit, which is the minimum offer price required after adjusting for recent SPH Reit distributions.
 
The offer price is 3.9 per cent below SPH Reit' s last traded price of 97.5 cents on Thursday (April 28). It is also 2.8 per cent below the real estate investment trust' s (Reit) daily volume-weighted average price (VWAP) over the last month.
 
The offer by Cuscaden is required by the Singapore Code on Takeovers and Mergers, as Cuscaden and its concert parties would own 47.2 per cent of SPH Reit following the completion of an offer by Cuscaden to take Singapore Press Holdings (SPH) private.
 
The minimum chain offer price was determined by the daily VWAP of SPH Reit for the 20 trading days prior to Cuscaden' s initial announcement of the proposed offer for SPH, on Oct 29, or whatever number of trading days there were within the 30 calendar days prior.
 
Cuscaden has also exercised its right to reduce the minimum price by distributions paid on or after Nov 15, which was when the scheme for the SPH offer was announced.
 
The offer is, however, conditional upon Cuscaden and its concert parties holding more than 50 per cent of SPH Reit at the close of the offer.
 
Cuscaden said it does not intend to " actively pursue the delisting of SPH Reit" . Nevertheless, if the free float requirement that 10 per cent of units are held by the public is not satisfied, Cuscaden will proceed to compulsorily acquire all outstanding units and delist SPH Reit.
 
Cuscaden is a consortium comprising locally listed hotel and property owner Hotel Properties, businessman Ong Beng Seng and two Temasek-linked entities - CLA and Mapletree Investments - whose businesses span the real estate sector. SPH' s assets, which include student lodgings and malls, could be attractive additions to the consortium members' portfolios.
|
||||
Useful To Me Not Useful To Me | |||||
katak88
Veteran |
29-Apr-2022 14:58
|
||||
x 0
x 0 Alert Admin |
Cuscaden Peak makes cash offer of 93.72 cents for SPH REIT units after adjusting for distributionsFelicia TanFri, Apr 29, 2022  &bull   8:19 AM  GMT+08  &bull
  Cuscaden Peak has made a cash offer of 93.72 cents for each SPH REIT on April 28. The offer price has been adjusted for the distributions of 1.24 and 1.44 cents per unit in the 1QFY2022 and 2QFY2022 respectively, from the minimum chain offer price of 96.4 cents. The cash offer is 3.88% lower than SPH REIT&rsquo s last-closed unit price of 97.5 cents on the same day. It is also 2.8% lower than the volume weighted average price (VWAP) over the last month. The offer is conditional upon Cuscaden holding over 50% of the units in the REIT. The offer will not be declared unconditional till its close. While Cuscaden doesn&rsquo t presently intend to delist the REIT, it says it will not undertake or support any action to lift the trading suspension by the SGX-ST should the free float requirement not be satisfied at the close of the chain offer, where trading of the REIT&rsquo s units will be suspended under the listing rules. Should Cuscaden receive valid acceptances from unitholders holding 90% of the units in the REIT, it has indicated its intention to exercise its right to acquire the rest of the offer units and delist the REIT from the SGX-ST. Units in SPH REIT closed flat at 97.5 cents on April 28.   |
||||
Useful To Me Not Useful To Me | |||||
Goldfinger
Supreme |
20-Apr-2022 21:02
|
||||
x 0
x 0 Alert Admin |
So the chain offer will only happen if ALL the SPH shareholders opt for All-Cash? Thought that is a pretty hard condition since the default is the hybrid SPH REIT + Cash offer.  Do alert if I am reading this wrong. Thanks. | ||||
Useful To Me Not Useful To Me | |||||
katak88
Veteran |
20-Apr-2022 16:29
|
||||
x 0
x 0 Alert Admin |
Chain offer price for SPH REITThu, Apr 14, 2022 &bull 8:31 PM GMT+08
Cuscaden Peak announced on Apr 14, that should all Singapore Press Holdings&rsquo shareholders opt for the cash offer of $2.36 per share, Cuscaden Peak would own 30% or more of SPH REIT.  Against this background, Cuscaden Peak may be required to make a chain offer for SPH REIT. The default offer from Cuscaden Peak comprised of $1.602 in cash and 0.782 SPH REIT units. At the time of the announcement, the default offer would have been higher at $2.40.   The minimum offer price for the SPH REIT Chain Offer will be based on the latest 20 trading days prior to Oct 29, 2021 which translates into $0.964 per unit.
  Cuscaden Peak says &ldquo the Offeror reserves the right to reduce the Minimum Chain Offer Price by an amount equivalent to such distribution or return of capital,&rdquo after Nov 19, 2021, which was when DPU of $0.0158 was paid.
  SPH REIT unitholders were paid DPU of $0.0124 on Feb 9, and will be paid DPU of $0.0144 on May 20. Hence offer price could be as low as $0.9372. &ldquo The Offeror will update in due course in the event it intends to exercise its right to reduce the Minimum Chain Offer Price for the SPH REIT Chain Offer if required to be made,&rdquo Cuscaden Peak says.
https://www.theedgesingapore.com/news/reits/chain-offer-price-sph-reit   SPH shareholders to decide about opting for cash in Cuscaden acquisitionTHU, APR 14, 2022 - 9:59 PMWITH its offer to acquire Singapore Press Holdings (SPH) having been approved by shareholders of the mainboard-listed property player, Cuscaden Peak has started despatching to shareholders the forms for them to choose between getting all cash or a combination of cash and SPH Reit  SPHREIT : SK6U 0%  units. In its regulatory filing furnished to the Singapore Exchange on Thursday (Apr 14), Hotel Properties Limited  HPL : H15 +1.13%  (HPL) announced that the consortium it backed, Cuscaden Peak, requires SPH shareholders to submit the election forms by 5.30 pm on Apr 26 if they want to receive the S$2.36 in cash for each SPH share they hold. Shareholders, however, need not state their preference if they want to receive a combination of S$1.602 cash and 0.782 SPH Reit units for every SPH share. The cash payment and units crediting are expected to be done latest by May 12. The offeror noted that shareholders cannot make their election via the form if they hold SPH shares through a depository agent, the CPF Investment Scheme or Supplementary Retirement Scheme (SRS). Their depository agent, CPF agent bank or SRS agent bank would provide these shareholders with information on the election processes. The court-sanctioned scheme, Cuscaden Peak said, is expected to take effect on Apr 29 SPH shares will be delisted on May 13. Separately, Cuscaden Peak reminded unitholders of SPH Reit that it is entitled to reduce the minimum chain offer price of S$0.964 per unit by the amount of any distribution or return of capital declared on or after Nov 15, 2021. Therefore, it has the right to lower the offer price of S$0.964 by S$0.0124 per unit that was declared as distribution on Feb 9 and paid to unitholders on Feb 28, and by a further S$0.0144 declared on Apr 1 and to be paid to unitholders on May 20 - if it ends up with at least 30 per cent of SPH Reit units as a result of SPH shareholders taking the all-cash option, requiring it to make a mandatory cash offer for SPH Reit. If it intends to cut the minimum offer price, it said it will give an update in due course. HPL closed one Singapore cent higher at S$3.55 SPH Reit units were flat at S$0.955 on Thursday, before these filings were made to the bourse.   https://www.businesstimes.com.sg/companies-markets/sph-shareholders-to-decide-about-opting-for-cash-in-cuscaden-acquisition?fbclid=IwAR0nsVHOAWjuBZpY28vzlY1SlBdzwRVqtpKy5jj0iD4_PPC7Gjb3eqjugo0   |
||||
Useful To Me Not Useful To Me |