logo transparent gif
top_white_spacer
Home Latest Stock Forum Topics MyCorner - Personal Stocks Porfolio Stock Lists Forex Investor Insights Investment News Investor Research & Links Dynamic Stock Charting FREE Registration About Us top spacer top spacer
 User Password Auto-Login
Enter Stock
 
righttip
branding

Back
First   < Newer   281-300 of 428   Older>   Last  
Latest Forum Topics / FrasersComm  Post Reply
FrasersComm

tanzq83
Member
12-Aug-2009 12:38     
 
tanzq83 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		yes.. if you buy the rights at 0.05/share now. you need to pay addition of 0.095 (to exercise the rights) for the share. therefore it will be 0.05+0.095= 0.145/share (other admin charges also may applies).=)

upforever      ( Date: 12-Aug-2009 12:30) Posted:

correct me if am wrong. If you have bought the fcot rights at 0.05 from the market, you still have to accept the rights and pay the price of 0.095 for the rights to become mother shares.
 Useful To Me  Not Useful To Me
tanzq83
Member
12-Aug-2009 12:35     
 
tanzq83 About Contact  Quote this Post!  
  x 1
  x 0

 Alert Admin 		Hi wongmx6, deciding the right time to invest on REITS or other investments is subjective, and in my opinion is dependent on the following few things: 1. your time horizon (how short/long the timeframe which you are looking at, in which it determines your entry and exit points). for instance, the outlook for the current market may be uncertain, as property prices are relatively low (globally), high vacancy rates as a result of oversupply or rather i should say, lowered demands due to lowered demand for jobs/employment + stringent lending criteria from banks (companies cant borrow (as much or not at all)). 2. risk appetite or maybe, your holding ability for equity (how long can you wait for the company to be doing well again). 3. fundamentals of the counter, in this case FCOT, how strong is the management, financial position and etc. after considering some of the mentioned pointers, i feel that you will be able to make an informed decision to buy the counter or not. personally i see that demand for offices will gradually pick up around 2H2010 and have to agree that some of the properties such as those in singapore (Chinasquare, Marketstreet and KeyPoint) will do well again due to scarity of commercial space here. In addition, property valuations will probably improve over the next few years if this situation improves which also translates to improved lending condition ~ companies including FCOT are able to borrow at lower rates again to finance their assets. Perhaps another point to note for KeyPoint is that the Circleline station: Nicoll Highway looks likely to start operation next year, this may helps to improve the high vacancy rate at that time (future prospects). i hope that im not been too optimistic about the recovery, but we are now about a year into this recession and although growth may be slow after that, but i certain feel that this is a good time to invest REITs as their valuations are still low (and it offers dividends, although not guaranteed, but always good to have). i cant deny that we may see the counter (or rather the general market sentiments) going down during late sept to october but i always try to stick to the 3 points mentioned. Conclusion: (1) Fundamentals of the company- must be sound, (2) Individual Holding ability/risk appetite, (3) Time Horizon that you are looking at to exit, maybe one more point (4) future prospects. Surely we wouldnt want to invest in a counter which has high valuation now (because it doesnt tally with the market fundamentals)? and we wont want to join in the 'party' halfway through, right? Markets nowsadays are forward-looking (and very kiasu), if they see anything that may be good in the near term (say 3months time), they will price in now. Just my 2-cent worths.

wongmx6      ( Date: 12-Aug-2009 11:59) Posted:

Hi Tanzp83,

Can you please kindly share, at present moment, isn't the right time to invest in Reit?




tanzq83      ( Date: 12-Aug-2009 11:09) Posted:



Some facts about FCOT

Approx.diluted NAV at 0.26/share.

FCOT Moody rating: BB (satisfactory) versus other 'cheaper' S-REIT such as SAIZEN of Caa1 and perhaps also MacAuthor REIT of Caa1 (speculative).

The gearing ratio will be lowered to 38.5% from 58.5% after issurance of rights.

NAV (Net Asset Value) is affected by Assets which include properties valuations.

FCOT has commercial properties in Singapore, Australia and Japan, of which global properties valuations appear to be low.  

There are also no debt due until 2012 after the rights, therefore during this period of time to some 2011 or early 2012, if the market will to be recover, there will be a improvement in business for the company.

Technical Analysis

On technical terms, MACD showed a signal yesterday which may be heading down slightly further as confirmed by momentum is still heading down, however both of these are lagging indicators ~ these may just be correction on the counter as the counter was slightly overbrought RSI (97.5 vs current 66, on 24July-6Aug) and stochastic (91.3 vs current 47.5, on 22July-4 Aug). Average Direction Index (ADX) shows that the counter may remain flat-slightly down in the short-term. >> Short-Term (within 4weeks): 0.145-0.16

Opinion

Backed by FCL (Fraser Centrepoint Limited) a property arm of F&N, I do see that this counter will not perform too badly in the mid-long term (3months and onwards) provided if they can resolve some of the problems due to their properties such as COSMO Plaza (client's default and high vacancy rate) and KeyPoint (high vacancy rate) and if the global market were to recover by 1H2010.

Revenue during 1H09, 2H09 affected by 3 main properties: (1) Central Park (~32% drop 2H08 v 2H09), (2) Key Point (~40% drop 2H08 v 2H09), (3) COSMO Plaza (~80% drop 2H08 v 2H09, due to client's default).

Long-term lease (lease expiring 2012 and after) of Total Gross Rental Income 62.5% of the portfolio.

I have yet to see the impact from the acquisition of Alexandra TechnoPark (ATP) and my concern will be what if the market dont pick up in the next 2-3 quarters? To-date, long-term lease expiring on 2012 and after (for ATP) will be 69.8%, and 15.4% will expires during 2010, it will be worthwhile to see what happens during 2010.

The FCOT Rights is currently trading at 0.05~0.055 region, assuming today it closes at 0.045 (tentative worst scenario), it translates to 0.14/share, from observation on the transacted volume, there are high volume of buyers between the region 0.05 to 0.055 over the past few sessions. Therefore it translates to a price of 0.145~0.15/share, it seems really unlikely that people is willing to sell below this region unless something catastrophe happens in the market that forces that market to head down. As for those who exercised their rights and bought during march 09 lows (at 0.135/share) and july 09 (0.17/share), the averaged-out share price will be at  $0.105 and $0.115 respectively. The total volume for those 2 periods were also relatively low of around 8-10million/day over 20-odds days (cumulative total volume of around 180million) during March and about 8million on 13 July 09. Recent lowest volume during rights trading is around 12.6million.

>>Unlikely to experience high selling pressure <0.135 unless something catastrophe happens.

Conclusion

The TP of 0.12/share by POEMS is perhaps a bit too low in my opinion. Market may be trying to push the price down but I expect to see strong support at the region of 0.14~0.145 region in the short-term. However, if the market were to take a major correction of another 20-25% (STI <2050pts), there may be possibility that it may edge towards 0.13~0.135 region.

The rights issurance certainly has strengthened the company's financial position.

DPU (Distribution Per Unit) will likely to be lowered as a result of dilution.

NAV and revenue will likely to be improve in the mid-long term if there is an improvement in market.

Share price may also surge up upon any improvement or upgrades.

Limited downside exposure

 

My 2-cent worth. For your information.
 Useful To Me  Not Useful To Me


upforever
Member
12-Aug-2009 12:30     
 
upforever About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		correct me if am wrong. If you have bought the fcot rights at 0.05 from the market, you still have to accept the rights and pay the price of 0.095 for the rights to become mother shares.
 Useful To Me  Not Useful To Me
denn_goh
Member
12-Aug-2009 12:05     
 
denn_goh About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		The rights is currently 0.05. So if i buy, what the price i will be buying? still 0.05?

el7888      ( Date: 12-Aug-2009 10:55) Posted:

Yes, today is the last day.

denn_goh      ( Date: 12-Aug-2009 10:50) Posted:



Hi sorry for asking a noob question.

What you mean by Nil paid rights. Do you mean today is the last day i can buy the rights from the market?
 Useful To Me  Not Useful To Me
tanzq83
Member
12-Aug-2009 12:00     
 
tanzq83 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

All required information as follows:

Entitlements trading

:

12 August 2009 at 5.00 p.m.

Closing Dates:

Last date and time for acceptance of/ application for and payment for Rights Units/ Excess Rights Units under Central Provident Fund

:

12 August 2009 at 5.00 p.m.(1)


 

Investment Scheme ("CPFIS") and/or Supplementary Retirement Scheme ("SRS") through approved banks

Last date and time for acceptance of and payment for Rights Units

:

18 August 2009 at 5.00 p.m.(2)(3)

(9.30 p.m. for Electronic Applications(4) through ATMs of Participating Banks)(3)

Last date and time for application of and payment for Excess Rights Units

:

18 August 2009 at 5.00 p.m. (2)(3)

(9.30 p.m. for Electronic Applications(4) through ATMs of Participating Banks)(3)

Last date and time for acceptance of and payment by the renouncee

:

18 August 2009 at 5.00 p.m.(5)

Expected date for issue of Rights Units

:

26 August 2009

Expected date for commencement of trading of Rights Units

:

27 August 2009

 Useful To Me  Not Useful To Me


wongmx6
Veteran
12-Aug-2009 11:59     
 
wongmx6 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

Hi Tanzp83,

Can you please kindly share, at present moment, isn't the right time to invest in Reit?




tanzq83      ( Date: 12-Aug-2009 11:09) Posted:



Some facts about FCOT

Approx.diluted NAV at 0.26/share.

FCOT Moody rating: BB (satisfactory) versus other 'cheaper' S-REIT such as SAIZEN of Caa1 and perhaps also MacAuthor REIT of Caa1 (speculative).

The gearing ratio will be lowered to 38.5% from 58.5% after issurance of rights.

NAV (Net Asset Value) is affected by Assets which include properties valuations.

FCOT has commercial properties in Singapore, Australia and Japan, of which global properties valuations appear to be low.  

There are also no debt due until 2012 after the rights, therefore during this period of time to some 2011 or early 2012, if the market will to be recover, there will be a improvement in business for the company.

Technical Analysis

On technical terms, MACD showed a signal yesterday which may be heading down slightly further as confirmed by momentum is still heading down, however both of these are lagging indicators ~ these may just be correction on the counter as the counter was slightly overbrought RSI (97.5 vs current 66, on 24July-6Aug) and stochastic (91.3 vs current 47.5, on 22July-4 Aug). Average Direction Index (ADX) shows that the counter may remain flat-slightly down in the short-term. >> Short-Term (within 4weeks): 0.145-0.16

Opinion

Backed by FCL (Fraser Centrepoint Limited) a property arm of F&N, I do see that this counter will not perform too badly in the mid-long term (3months and onwards) provided if they can resolve some of the problems due to their properties such as COSMO Plaza (client's default and high vacancy rate) and KeyPoint (high vacancy rate) and if the global market were to recover by 1H2010.

Revenue during 1H09, 2H09 affected by 3 main properties: (1) Central Park (~32% drop 2H08 v 2H09), (2) Key Point (~40% drop 2H08 v 2H09), (3) COSMO Plaza (~80% drop 2H08 v 2H09, due to client's default).

Long-term lease (lease expiring 2012 and after) of Total Gross Rental Income 62.5% of the portfolio.

I have yet to see the impact from the acquisition of Alexandra TechnoPark (ATP) and my concern will be what if the market dont pick up in the next 2-3 quarters? To-date, long-term lease expiring on 2012 and after (for ATP) will be 69.8%, and 15.4% will expires during 2010, it will be worthwhile to see what happens during 2010.

The FCOT Rights is currently trading at 0.05~0.055 region, assuming today it closes at 0.045 (tentative worst scenario), it translates to 0.14/share, from observation on the transacted volume, there are high volume of buyers between the region 0.05 to 0.055 over the past few sessions. Therefore it translates to a price of 0.145~0.15/share, it seems really unlikely that people is willing to sell below this region unless something catastrophe happens in the market that forces that market to head down. As for those who exercised their rights and bought during march 09 lows (at 0.135/share) and july 09 (0.17/share), the averaged-out share price will be at  $0.105 and $0.115 respectively. The total volume for those 2 periods were also relatively low of around 8-10million/day over 20-odds days (cumulative total volume of around 180million) during March and about 8million on 13 July 09. Recent lowest volume during rights trading is around 12.6million.

>>Unlikely to experience high selling pressure <0.135 unless something catastrophe happens.

Conclusion

The TP of 0.12/share by POEMS is perhaps a bit too low in my opinion. Market may be trying to push the price down but I expect to see strong support at the region of 0.14~0.145 region in the short-term. However, if the market were to take a major correction of another 20-25% (STI <2050pts), there may be possibility that it may edge towards 0.13~0.135 region.

The rights issurance certainly has strengthened the company's financial position.

DPU (Distribution Per Unit) will likely to be lowered as a result of dilution.

NAV and revenue will likely to be improve in the mid-long term if there is an improvement in market.

Share price may also surge up upon any improvement or upgrades.

Limited downside exposure

 

My 2-cent worth. For your information.
 Useful To Me  Not Useful To Me
baniel
Member
12-Aug-2009 11:53     
 
baniel About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		When is the last day to apply excess rights through the ATM?
 Useful To Me  Not Useful To Me
tanzq83
Member
12-Aug-2009 11:09     
 
tanzq83 About Contact  Quote this Post!  
  x 1
  x 0

 Alert Admin

Some facts about FCOT

Approx.diluted NAV at 0.26/share.

FCOT Moody rating: BB (satisfactory) versus other 'cheaper' S-REIT such as SAIZEN of Caa1 and perhaps also MacAuthor REIT of Caa1 (speculative).

The gearing ratio will be lowered to 38.5% from 58.5% after issurance of rights.

NAV (Net Asset Value) is affected by Assets which include properties valuations.

FCOT has commercial properties in Singapore, Australia and Japan, of which global properties valuations appear to be low.  

There are also no debt due until 2012 after the rights, therefore during this period of time to some 2011 or early 2012, if the market will to be recover, there will be a improvement in business for the company.

Technical Analysis

On technical terms, MACD showed a signal yesterday which may be heading down slightly further as confirmed by momentum is still heading down, however both of these are lagging indicators ~ these may just be correction on the counter as the counter was slightly overbrought RSI (97.5 vs current 66, on 24July-6Aug) and stochastic (91.3 vs current 47.5, on 22July-4 Aug). Average Direction Index (ADX) shows that the counter may remain flat-slightly down in the short-term. >> Short-Term (within 4weeks): 0.145-0.16

Opinion

Backed by FCL (Fraser Centrepoint Limited) a property arm of F&N, I do see that this counter will not perform too badly in the mid-long term (3months and onwards) provided if they can resolve some of the problems due to their properties such as COSMO Plaza (client's default and high vacancy rate) and KeyPoint (high vacancy rate) and if the global market were to recover by 1H2010.

Revenue during 1H09, 2H09 affected by 3 main properties: (1) Central Park (~32% drop 2H08 v 2H09), (2) Key Point (~40% drop 2H08 v 2H09), (3) COSMO Plaza (~80% drop 2H08 v 2H09, due to client's default).

Long-term lease (lease expiring 2012 and after) of Total Gross Rental Income 62.5% of the portfolio.

I have yet to see the impact from the acquisition of Alexandra TechnoPark (ATP) and my concern will be what if the market dont pick up in the next 2-3 quarters? To-date, long-term lease expiring on 2012 and after (for ATP) will be 69.8%, and 15.4% will expires during 2010, it will be worthwhile to see what happens during 2010.

The FCOT Rights is currently trading at 0.05~0.055 region, assuming today it closes at 0.045 (tentative worst scenario), it translates to 0.14/share, from observation on the transacted volume, there are high volume of buyers between the region 0.05 to 0.055 over the past few sessions. Therefore it translates to a price of 0.145~0.15/share, it seems really unlikely that people is willing to sell below this region unless something catastrophe happens in the market that forces that market to head down. As for those who exercised their rights and bought during march 09 lows (at 0.135/share) and july 09 (0.17/share), the averaged-out share price will be at  $0.105 and $0.115 respectively. The total volume for those 2 periods were also relatively low of around 8-10million/day over 20-odds days (cumulative total volume of around 180million) during March and about 8million on 13 July 09. Recent lowest volume during rights trading is around 12.6million.

>>Unlikely to experience high selling pressure <0.135 unless something catastrophe happens.

Conclusion

The TP of 0.12/share by POEMS is perhaps a bit too low in my opinion. Market may be trying to push the price down but I expect to see strong support at the region of 0.14~0.145 region in the short-term. However, if the market were to take a major correction of another 20-25% (STI <2050pts), there may be possibility that it may edge towards 0.13~0.135 region.

The rights issurance certainly has strengthened the company's financial position.

DPU (Distribution Per Unit) will likely to be lowered as a result of dilution.

NAV and revenue will likely to be improve in the mid-long term if there is an improvement in market.

Share price may also surge up upon any improvement or upgrades.

Limited downside exposure

 

My 2-cent worth. For your information.
 Useful To Me  Not Useful To Me


el7888
Veteran
12-Aug-2009 10:55     
 
el7888 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Yes, today is the last day.

denn_goh      ( Date: 12-Aug-2009 10:50) Posted:



Hi sorry for asking a noob question.

What you mean by Nil paid rights. Do you mean today is the last day i can buy the rights from the market?
 Useful To Me  Not Useful To Me
denn_goh
Member
12-Aug-2009 10:50     
 
denn_goh About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

Hi sorry for asking a noob question.

What you mean by Nil paid rights. Do you mean today is the last day i can buy the rights from the market?
 Useful To Me  Not Useful To Me
el7888
Veteran
12-Aug-2009 09:25     
 
el7888 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Take note: Today is the last day of trading of nil-paid rights! 
 Useful To Me  Not Useful To Me
mortal_azazel
Member
10-Aug-2009 22:32     
 
mortal_azazel About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Is it safe to enter at SGD 0.16 as it is almost near 52wk low?
 Useful To Me  Not Useful To Me


soloman
Master
10-Aug-2009 19:09     
 
soloman About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

WELL WELL , AGAIN ITS SENTIMENTS VS PHILLIPS

WE WILL SEE BY END OF MONTH WHEN MOTHER SHARES LIST

ITS GONE FROM 19-20 CTS TO 16 CTS - TO WHAT PRICE WHEN ALL SHARES TRADE

WELL SEE IF PHILLIPS IS RIGHT AGAIN

 
 Useful To Me  Not Useful To Me
junction
Senior
10-Aug-2009 18:09     
 
junction About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Don't count the chickens before the eggs are hatched.  The price is down because the sentiment(market) is down for 4 days in a row but 12.5 cts is still out of sight.  In fact, both the mother share and the rights held steady inspite of the poor sentiment on Friday.  Long or medium term investors should not worry about fluctuations in the price of any stock.  Only speculators and traders try to time the market and most fare miserably.  If the fundamentald are good, it will go up sooner or later.  The dividend is definitely better than putting your money in the bank. 

soloman      ( Date: 10-Aug-2009 15:11) Posted:



well, well the experiment is in progress

looks like Phillips securities is correct for now and has a strong advanrtage when all shares trade

from experience, when there are too much shares trading, the price goes really down and stay there for long time

 
 Useful To Me  Not Useful To Me
soloman
Master
10-Aug-2009 15:11     
 
soloman About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

well, well the experiment is in progress

looks like Phillips securities is correct for now and has a strong advanrtage when all shares trade

from experience, when there are too much shares trading, the price goes really down and stay there for long time

 
 Useful To Me  Not Useful To Me
francisd
Veteran
09-Aug-2009 15:29     
 
francisd About Contact  Quote this Post! Style: Combined   Mood: excited
Yells: "BUY LOW SELL HIGH"
  x 0
  x 0

 Alert Admin 		Offers good value over this uncertain times.  I am holding on to collect dividends.  Cheers.
 Useful To Me  Not Useful To Me
soloman
Master
09-Aug-2009 10:46     
 
soloman About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

even before big battle of 3 billion shares trading, the price is trending down

when batlle starts, this one will go much further down as ah ma and ah kong all sell out with U
 Useful To Me  Not Useful To Me
commando
Veteran
04-Aug-2009 22:30     
 
commando About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		waiting for it to drop further!!!!
 Useful To Me  Not Useful To Me
mortal_azazel
Member
04-Aug-2009 22:27     
 
mortal_azazel About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Today drop to 0.17, not sure if this is a good enter price?
 Useful To Me  Not Useful To Me
soloman
Master
02-Aug-2009 09:38     
 
soloman About Contact  Quote this Post!  
  x 1
  x 1

 Alert Admin

WELL WELL, ITS SENTIMENTS VS SENSIBILITIES

WE SHALL SEE IF THE 19 CTS GOES UP OR DROP BY HOW MUCH WHEN ALL THE SHARES TRADE

IN GOOD OR CORRECTION ENVIRONMENT

TIME WILL TELL IF PHILLIPS ANALYSIS IS CORRECT

 
 Useful To Me  Not Useful To Me
                                                         First   < Newer   281-300 of 428   Older>   Last  



ShareJunction Version: 27 Nov 2020 ver- All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

Web design by FoundationFlux. Hosted with Signetique Cloud.