ESR-REIT   

Cambridge Ind Trust Results Announcement

https://www.youtube.com/watch?v=klcQVxR9IkA

almost got convinced.... 

moonsun      ( Date: 16-Feb-2023 19:50) Posted: Never trust liar.. never trust mgt that preach one thing and do otherwise.. think price will-be under pressure to even below the placement price.. dyodd? Rokawa      ( Date: 16-Feb-2023 09:39) Posted: then esr mgmt has a lying problem with this private placement proposal after saying will NOT resorting to placement or right issues? i do own a bit esr, legacy of ar

 

What is the expected preferential rights offering ratio?  Anyone has a sense? Like 1 for 10 or 1 for 20 ratio type?

kwwongm      ( Date: 16-Feb-2023 20:30) Posted: Luckily exit this stock earlier...😅 . Sponsor just dumping over value asset to the reit. Timothong90      ( Date: 16-Feb-2023 20:14) Posted: --- Post Removed by User ---

 

Luckily exit this stock earlier...😅 . Sponsor just dumping over value asset to the reit.

Timothong90      ( Date: 16-Feb-2023 20:14) Posted: --- Post Removed by User ---

 

Never trust liar.. never trust mgt that preach one thing and do otherwise.. think price will-be under pressure to even below the placement price.. dyodd?

Rokawa      ( Date: 16-Feb-2023 09:39) Posted: then esr mgmt has a lying problem with this private placement proposal after saying will NOT resorting to placement or right issues? i do own a bit esr, legacy of ara lukewong82      ( Date: 15-Dec-2022 18:15) Posted: Someone still talking about rights issues :) like a broken record. This is all he knows what to say. I think he got mental problem, keep talking about rights issue when ESR-LOGOS management already said they will NOT resort to placement or rights issue but will use proceeds from disposal of non-core assets which potential amounts to $420million to pay off debts and reduce the gearing.

 

Saw from a broker, likely about 13-14% increase in shares, about 900m new shares, so distribution have to be divided by more more shares 

this is gonna hurt,

DPU will fall same amount as new shares issued? 

with the fall in DPU, share price will likely fall in line?

 

Issuer▪
    ESR-LOGOS REIT (&ldquo E-LOG&rdquo or the &ldquo REIT&rdquo )
Offer Type and Size ▪  
    Equity fundraising of not less than approximately S$300.0 million via a private placement cum preferential offering (the &ldquo EFR&rdquo ) ► not less than approximately S$150.0 million private placement to new and existing institutional investors (the &ldquo Private Placement&rdquo ) ► approximately S$150.0 million preferential offering to all existing investors (the &ldquo Preferential Offering&rdquo )
Issue Price Range and Discount ▪ '
S$0.3300to S$0.3350for each new unit in E-LOG (&ldquo New Unit&rdquo ) under the Private Placement, representing a discount of between: ► approximately 4.34% and 5.77% to the volume-weighted average price(1)(&ldquo VWAP&rdquo ) of S$0.3502per unit in E-LOG (&ldquo Unit&rdquo ) as at 15 February 2023 and ► approximately 3.10% and 4.54% to the Adjusted VWAP(2)of S$0.3457per Unit as at 15 February 2023. ▪ The issue price of each New Unit under the Preferential Offering will be at a discount of 0.5000 Singapore cents to the Private Placement Issue Price
▪ Reduction in aggregate leverage from 41.8%(1)to 32.3%(2)(3)post the EFR 

Timothong90      ( Date: 16-Feb-2023 11:04) Posted: --- Post Removed by User ---

 

In my opinion this is the best way to bring down gearing. When buyers know esr is desperate to dispose off the non core assets to bring down gearing esr unlikely to get good price for those assets.

asianguy      ( Date: 16-Feb-2023 10:15) Posted: Right issues happening ! Launch Of Equity Fund Raising To Raise Gross Proceeds Of Not Less Than Approximately S$300.0 Million Rokawa      ( Date: 16-Feb-2023 09:39) Posted: then esr mgmt has a lying problem with this private placement proposal after saying will NOT resorting to placement or right issues? i do own a bit esr, legacy of ar

 

Right issues happening !

Launch Of Equity Fund Raising To Raise Gross Proceeds Of Not Less Than Approximately S$300.0 Million

Rokawa      ( Date: 16-Feb-2023 09:39) Posted: then esr mgmt has a lying problem with this private placement proposal after saying will NOT resorting to placement or right issues? i do own a bit esr, legacy of ara lukewong82      ( Date: 15-Dec-2022 18:15) Posted: Someone still talking about rights issues :) like a broken record. This is all he knows what to say. I think he got mental problem, keep talking about rights issue when ESR-LOGOS management already said they will NOT resort to placement or rights issue but will use proceeds from disposal of non-core assets which potential amounts to $420million to pay off debts and reduce the gearing.

 

then esr mgmt has a lying problem with this private placement proposal after saying will NOT resorting to placement or right issues?

i do own a bit esr, legacy of ara

lukewong82      ( Date: 15-Dec-2022 18:15) Posted: Someone still talking about rights issues :) like a broken record. This is all he knows what to say. I think he got mental problem, keep talking about rights issue when ESR-LOGOS management already said they will NOT resort to placement or rights issue but will use proceeds from disposal of non-core assets which potential amounts to $420million to pay off debts and reduce the gearing.

 

Trading Halt

Looks like placement on the cards. And another round of dividends 

We can decide if we continue to Hold, or Sell, or Buy.

Any opinions which direction it is heading? I am not optimistic.
 

 

Thursday 16th February, ESR Logo shares halted. What is the news?

stockwatch8877      ( Date: 14-Feb-2023 07:15) Posted: Expected. The share price is not moving.

 

In my opinion, share price will not move unless the company do a big placement or rights to bring leverage down to 35% without any acquisitions.

but then DPU will be also be lower as there will be more units.

and then there' s the other issue of short land lease properties with less than 10 years and also rising vacancy in the business park in Changi which accounts for almost 10% of portfolio

and then there' s the big pipline from the sponser.

Maybe much better opportuniites in other reits? 




 

 

Expected. The share price is not moving.

 

WoW, that was a big removal of alot of threads on ESR REIT 

Check out the reitsweek article
https://www.reitsweek.com/2023/02/esr-logos-reit-provides-rental-reversion-guidance-for-2023.html

&ldquo Our sponsor continues to support us with a strong pipeline of assets&rdquo he added, hinting that more acquisitions from the ESR Group can be expected in the quarters ahead.

ho sai liao&hellip  

With leverage at 41.8%, guess how acquisitions of assets of sponsor will be like?

Will it be placement or rights? Placement are usually are 7-9% below market price and rights can be even lower
 

 

Someone still talking about rights issues :) like a broken record. This is all he knows what to say.
I think he got mental problem, keep talking about rights issue when ESR-LOGOS management
already said they will NOT resort to placement or rights issue but will use proceeds from disposal of
non-core assets which potential amounts to $420million to pay off debts and reduce the gearing.

 

now that price recovers abit, maybe possible rights raising or placement which are often done at 4-10% discount to market price to decrease high leverage of 42%+?? 

After japan acquisition, leverage more than 42+% and there is still the billion over pipeline from the sponser

sponser have been trying to sell and spin off assets to lower leverage

Risky to operate with high leverage in high interest rate environment, SORA already over 3% + spread

 

 

Recently ESR-LOGOS share price is slowly climbing. They shifted their office out of Changi Business Park.
May be a prelude to them exiting the business park totally and focusing on new economy logistics.
They mentioned that want to get rid of non-core business of up to $420m. So with the proceed from disposal
of the business park, gearing will be greatly reduced and new logistics assets from overseas will be targeted.

They are actively transforming ESR-LOGOS to a new economy logistics play which is definitely good for the 
longer term. Plus the few AEIs will be completed in the next 1-2 years, the transformation will bear fruits if 
one can be patient and keep for 2 years. In the meantime, collect near 8-9% yield.

 

Someone is trying to spread rumours/fake news/fear but he is a loser la.. whenever he starts fear mongering, share price goes up.

We can' t stop him from polluting this forum but all other users can tell that he is trying to spread fear so let him bump up this thread
so that more and new investors can see my postings about ESR-LOGOS and the HUGE potential that ESR-LOGOS has.

He tried to use Changi Business Park to spread fear about ESR-LOGOS but he did not know that Capitaland has a huge chunk of
Changi Business Park too so he is trying to sabotage Capitaland Investment Reit holders too. 

Anyway there is sign that ESR-LOGOS may be disposing their business parks which are non core and judging from the recent steady and increasing share price, we wait patiently for the annoucement. It will be good that they get rid of business parks and focus on the new
economy logistics assets overseas.

Cheers

aragosta      ( Date: 12-Dec-2022 15:16) Posted: --- Post Removed by User ---

 

Capitaland asset base is HUGE HUGE with AUM at $130billion.. their changi business park exposure is thus super super small. 

But ESR REIT' s changi business park exposure is almost 10% of its portfolio ... $546million vs its portfolio of approx $5.5billion

As mentioned, in a JTC, Savills report, Changi Business Park vacancy rate in 2Q2022 is almost 25% which means 1 quarter of the park is almost empty!! 

 

 

Capitaland Investment holders, someone says u are in deep trouble.