Post Reply
1-12 of 12
Good morning, GF,... thank you v much for yr time expended to explain things to me,... yes, you are right in the observations,...
Goldfinger ( Date: 01-Apr-2017 16:34) Posted:
Repeating my reply in the other thread..
If you see the current share price, it still tends to move up after the rights issue. This may portend of the market confidence in the counter or expectations of possible corporate actions. Anyway I like this for the freehold Japanese retail assets, great DPU yield, growth in Japan going into the 2020 Olympics and future casinos, Jap asset inflation and a strong Yen amidst Low Jap interest rates. Not selling despite sizeable capital gains.
chengwh1 ( Date: 01-Apr-2017 16:30) Posted:
TWO Cash Raisings in one year,..... there have been complaints against ONE cash raising every few years by other ctrs,... this ctr has two in one year ? But unitholders are still buying and supporting this ctr !!!!!!!! Why??
|
|
|
|
Anyway let's not attract too much attention to this counter - for obvious reasons.
Repeating my reply in the other thread..
If you see the current share price, it still tends to move up after the rights issue. This may portend of the market confidence in the counter or expectations of possible corporate actions. Anyway I like this for the freehold Japanese retail assets, great DPU yield, growth in Japan going into the 2020 Olympics and future casinos, Jap asset inflation and a strong Yen amidst Low Jap interest rates. Not selling despite sizeable capital gains.
chengwh1 ( Date: 01-Apr-2017 16:30) Posted:
TWO Cash Raisings in one year,..... there have been complaints against ONE cash raising every few years by other ctrs,... this ctr has two in one year ? But unitholders are still buying and supporting this ctr !!!!!!!! Why??
ehclim ( Date: 31-Mar-2017 23:40) Posted:
|
|
|
TWO Cash Raisings in one year,..... there have been complaints against ONE cash raising every few years by other ctrs,... this ctr has two in one year ? But unitholders are still buying and supporting this ctr !!!!!!!! Why??
ehclim ( Date: 31-Mar-2017 23:40) Posted:
That is correct.
chengwh1 ( Date: 31-Mar-2017 23:23) Posted:
Looks like there was one private placement done in March 2016 too, ie exactly one year ago,... Hence, there were TWO Cash Raising activities done in 2016 ??? One private placement in Mar and one rights offering in Aug,... in the same year, 2016,... I stand open to corrections if I am wrong !
|
|
|
|
That is correct.
chengwh1 ( Date: 31-Mar-2017 23:23) Posted:
Looks like there was one private placement done in March 2016 too, ie exactly one year ago,... Hence, there were TWO Cash Raising activities done in 2016 ??? One private placement in Mar and one rights offering in Aug,... in the same year, 2016,... I stand open to corrections if I am wrong !
katak88 ( Date: 24-Mar-2016 18:56) Posted:
Â
By Benjamin Tan / theedgemarkets.com  | March 24, 2016 : 9:21 AM MYTÂ
Â
SINGAPORE (March 24): Croesus Retail Asset Management, the trustee-manager of Croesus Retail Trust (CRT), has launched a private placement of 60 million new units in CRT at an issue price of between 74.5 and 77 cents per new unit to raise gross proceeds of up to $46.2 million.
It is conducting the private placement to fund potential acquisitions to grow CRT' s existing portfolio and to increase the liquidity of its units.
Should the private placement be oversubscribed, CRT may increase the size of the private placement and issue up to 10 million more new units to raise up to $7.7 million of gross proceeds.
CRT will be conducting an advanced distribution for the period between Jan 1, 2016, and April 3, 2016, of an estimated 1.9 cents per unit to existing unitholders.
The advanced distribution is expected to be paid on or around June 29.
Trading in CRT units was halted pending an announcement on Thursday morning.
Â
Â
|
|
|
|
Looks like there was one private placement done in March 2016 too, ie exactly one year ago,... Hence, there were TWO Cash Raising activities done in 2016 ??? One private placement in Mar and one rights offering in Aug,... in the same year, 2016,... I stand open to corrections if I am wrong !
katak88 ( Date: 24-Mar-2016 18:56) Posted:
Â
By Benjamin Tan / theedgemarkets.com  | March 24, 2016 : 9:21 AM MYTÂ
Â
SINGAPORE (March 24): Croesus Retail Asset Management, the trustee-manager of Croesus Retail Trust (CRT), has launched a private placement of 60 million new units in CRT at an issue price of between 74.5 and 77 cents per new unit to raise gross proceeds of up to $46.2 million.
It is conducting the private placement to fund potential acquisitions to grow CRT' s existing portfolio and to increase the liquidity of its units.
Should the private placement be oversubscribed, CRT may increase the size of the private placement and issue up to 10 million more new units to raise up to $7.7 million of gross proceeds.
CRT will be conducting an advanced distribution for the period between Jan 1, 2016, and April 3, 2016, of an estimated 1.9 cents per unit to existing unitholders.
The advanced distribution is expected to be paid on or around June 29.
Trading in CRT units was halted pending an announcement on Thursday morning.
Â
Â
|
|
ya retail trust
This is a business trust, ie not a Reit?
nyde1d1th ( Date: 07-Apr-2016 00:01) Posted:
really like this reit..good to know that blackrock has increased their holdings...
|
|
really like this reit..good to know that blackrock has increased their holdings...
This could have come out better if they had announced what exactly they are seeking to buy using the proceeds??
Â
By Benjamin Tan / theedgemarkets.com  | March 24, 2016 : 9:21 AM MYTÂ
Â
SINGAPORE (March 24): Croesus Retail Asset Management, the trustee-manager of Croesus Retail Trust (CRT), has launched a private placement of 60 million new units in CRT at an issue price of between 74.5 and 77 cents per new unit to raise gross proceeds of up to $46.2 million.
It is conducting the private placement to fund potential acquisitions to grow CRT' s existing portfolio and to increase the liquidity of its units.
Should the private placement be oversubscribed, CRT may increase the size of the private placement and issue up to 10 million more new units to raise up to $7.7 million of gross proceeds.
CRT will be conducting an advanced distribution for the period between Jan 1, 2016, and April 3, 2016, of an estimated 1.9 cents per unit to existing unitholders.
The advanced distribution is expected to be paid on or around June 29.
Trading in CRT units was halted pending an announcement on Thursday morning.
Â
Â
Â
By Benjamin Tan / theedgemarkets.com  | March 24, 2016 : 5:33 PM MYT  Â
â &euro &lsaquo
â &euro &lsaquo
â &euro &lsaquo SINGAPORE (March 24): Croesus Retail Asset Management, the trustee manager of Croesus Retail Trust (CRT), has closed its order book for the private placement.
The issue price per new unit is 75 cents.
The company says there was strong participation in the private placement from new and existing institutional investors, including long-only funds and real estate specialists. All told, 70 million new units were subscribed.
The private placement will raise net proceeds of $50.9 million, which will be used to partially fund potential acquisitions of retail assets in Japan, asset enhancement initiatives and for general corporate and working capital purposes.
CRT units closed 4.3% lower at 78 cents.
On Wednesday, the trust launched a private placement of up to 70 million new units at an issue price of between 74.5 and 77 cents per new unit.
â &euro &lsaquo
â &euro &lsaquo
â &euro &lsaquo
Â
Â
Â
