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Why do you say the yield for Manulife US REIT now is at 2.7% ?? I agree the price now is at approx 15% above its IPO price of 83 US Cts. There was a placement done recently, and the Advanced Distribution is targetted to be at 3.1 to 3.3 US Cts, hence giving a half year yield of 3.48% against the current price of 92 US Cts.. This would annualise to 7%.
sgng123 ( Date: 12-Jul-2017 12:15) Posted:
| It another gov linked ipo, the big fund would put on a show on first day as they holding more than 90% of total share including singtel stake. Business model in the next few years stable as this is a gov sponsor project and 4th mobile operator might boost business as they might bundle tv package. Manulife us reit also same thing, currently it at 15% over it ipo price yoeld only 2.7%. Netlink stock price heavily controlled by gov and big investors, small fly like us just take kopi money that all. |
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I concur.
Octavia ( Date: 12-Jul-2017 12:32) Posted:
| The problem with NetLink is that its business is built upon a single technology and once it becomes obsolete, the whole empire will collapse. In the product sheet of NetLink NBN Trust, it is also stated &ldquo NetLink NBN Trust faces substitution risk from alternative means of data transmission. Like every technology, the Optical Fibre network technology is susceptible to disruptions, thereby making NetLink NBN Trust&rsquo s network obsolete in the future. When it comes to technology, it is always a wildcard. |
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Isnt it better for them to price it at 90 cts instead of getting some cheap thrill of pushing it from 81 cts to 90 cts?
This is a biz trust, daily fluctuation is likely to be in a very tight range as the takers for this counter tend to be investors rather than traders.
sgng123 ( Date: 12-Jul-2017 12:30) Posted:
| It a show, list at low end of 0.8 to 0.93 means opening list can push it to 0.9. Then can proudly how lian in public netlink achieved 10% premium on listing day. It all show business, minimum cost for big players to push up as they control more than 90%. only 180m allocted to retail less than 10%. |
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When Manulife US REIT IPO' ed in May 2016,... their prospectus mentioned will pay abt 6.6% annualised against an IPO price of 83 US Cts and when that FY was up, they paid a yield of 4.17% against a unit price of 85 US Cts,... which was very acceptable,...
sgng123 ( Date: 12-Jul-2017 02:16) Posted:
That one only like 2.5% dividend yield but business super safe from any us rate hike, guess fund manager pay premium for stability.
chengwh1 ( Date: 04-Jul-2017 17:41) Posted:
Maybe those investors eyeing this IPO wants to unload immediately upon listing, hoping to make a quick buck when this counter goes to board. Nobody actually wants to keep this stock,....
I recalled the experiences gained in my observation of Manulife UR REIT last year,... book-building at 83 US Cts, listed, then DROPPED to 79 US Cts on the first few days. I have one regret though from that experience - I did not load-up at 79 US Cts last year,... I kept observing and observing,.... today, we know where Manulife US REIT is at,..... |
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The problem with NetLink is that its business is built upon a single technology and once it becomes obsolete, the whole empire will collapse. In the product sheet of NetLink NBN Trust, it is also stated &ldquo NetLink NBN Trust faces substitution risk from alternative means of data transmission. Like every technology, the Optical Fibre network technology is susceptible to disruptions, thereby making NetLink NBN Trust&rsquo s network obsolete in the future. When it comes to technology, it is always a wildcard.
It a show, list at low end of 0.8 to 0.93 means opening list can push it to 0.9. Then can proudly how lian in public netlink achieved 10% premium on listing day. It all show business, minimum cost for big players to push up as they control more than 90%. only 180m allocted to retail less than 10%.
The low-end of the offering price could be indication of weak demand from the big boys.sh0rthere ( Date: 12-Jul-2017 12:04) Posted:
Which also means it will be a perfect underwater candidate.
MarcPh ( Date: 12-Jul-2017 10:20) Posted:
Results out for private placement.
Due to the huge placement, some major brokerages giving almost 50% allocation to their clients for private placement, which is quite high for IPOs. |
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Singtel intends to use the net proceeds from the divestment of its stake in NetLink Trust for debt repayment, re-investments into its existing businesses, acquisitions and other capital management initiatives. On this note, Singtel investors may be disappointed that the cash windfall from the NetLink IPO would not result in any special dividend .
MarcPh ( Date: 11-Jul-2017 10:57) Posted:
Will there be any extraordinary dividends for Singtel for the Netlink Trust IPO and $1.1bio debt repayment from Netlink Trust
investshare ( Date: 05-Jul-2017 20:54) Posted:
| The higher the better for SingTel shareholders |
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It another gov linked ipo, the big fund would put on a show on first day as they holding more than 90% of total share including singtel stake. Business model in the next few years stable as this is a gov sponsor project and 4th mobile operator might boost business as they might bundle tv package. Manulife us reit also same thing, currently it at 15% over it ipo price yoeld only 2.7%. Netlink stock price heavily controlled by gov and big investors, small fly like us just take kopi money that all.
Which also means it will be a perfect underwater candidate.
MarcPh ( Date: 12-Jul-2017 10:20) Posted:
Results out for private placement.
Due to the huge placement, some major brokerages giving almost 50% allocation to their clients for private placement, which is quite high for IPOs. |
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We are not really sureof Netlink will be able to provide stable cahflows in future,... judging from the many events surrounding us now, and from the regulator' s ' control' over this counter. Furthermore, the targetted yield is too low at only 2.93cts for FY18, at below 3.62%. Sure,... I understand this figure should be annualised, but it would be better if Netlink could give out ' more' dpu in the first year of listing to make-up for the lost months. Investors need to wait till May next year to get their payouts,....
Investors would rather take a chance and buy next year,... unless, of course, one thinks this counter will fly next year...
sgng123 ( Date: 12-Jul-2017 02:23) Posted:
| Netlink is most likely catered for big foreign retirement fund which desire stable cash flows regardless what happen to international rate. Most likely insurance fynd would support and gobble up retail investors allocted share on listing day. Don expect 20 to 30 % ptrmium, more likely hit 10 to 15% premium on stable business model. |
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Some instos are actually ' forced' to take-up, whereas the private retail investors are the actual yardsticks of the value of an IPO.
Results out for private placement.
Due to the huge placement, some major brokerages giving almost 50% allocation to their clients for private placement, which is quite high for IPOs.
2.7bil shares privately placed to international funds, while only 180m to retail investors. 7% in hand of retail investors while 25% singtel and rest by big funds. Difficult to fight with 93% singtel plus banks and fund.
Netlink is most likely catered for big foreign retirement fund which desire stable cash flows regardless what happen to international rate. Most likely insurance fynd would support and gobble up retail investors allocted share on listing day. Don expect 20 to 30 % ptrmium, more likely hit 10 to 15% premium on stable business model.
That one only like 2.5% dividend yield but business super safe from any us rate hike, guess fund manager pay premium for stability.
chengwh1 ( Date: 04-Jul-2017 17:41) Posted:
Maybe those investors eyeing this IPO wants to unload immediately upon listing, hoping to make a quick buck when this counter goes to board. Nobody actually wants to keep this stock,....
I recalled the experiences gained in my observation of Manulife UR REIT last year,... book-building at 83 US Cts, listed, then DROPPED to 79 US Cts on the first few days. I have one regret though from that experience - I did not load-up at 79 US Cts last year,... I kept observing and observing,.... today, we know where Manulife US REIT is at,..... |
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Right,... tq Invest,....
The placements are currently running now at $0.81 per unit,.... are there many people taking-up ?? Is it like hot cake ??
investshare ( Date: 11-Jul-2017 12:06) Posted:
For Singtel this year.
chengwh1 ( Date: 11-Jul-2017 12:05) Posted:
| ...eps for Netlink Trust or for Singtel pls? |
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For Singtel this year.
chengwh1 ( Date: 11-Jul-2017 12:05) Posted:
...eps for Netlink Trust or for Singtel pls??
investshare ( Date: 11-Jul-2017 11:11) Posted:
| From announcement, this year eps will increase by more than 10 cents |
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...eps for Netlink Trust or for Singtel pls??
investshare ( Date: 11-Jul-2017 11:11) Posted:
From announcement, this year eps will increase by more than 10 cents.
investshare ( Date: 11-Jul-2017 11:05) Posted:
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From announcement, this year eps will increase by more than 10 cents.
investshare ( Date: 11-Jul-2017 11:05) Posted:
I think possible.
MarcPh ( Date: 11-Jul-2017 10:57) Posted:
| Will there be any extraordinary dividends for Singtel for the Netlink Trust IPO and $1.1bio debt repayment from Netlink Trus |
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