30.9 K

Merger of $FLT(BUOU.SI)and $FCOT(ND8U.SI) is confirmed. No raising of new cash thru rights. Good news is that FLT’s base currency will be changed from aud to sgd. hope this will solve the fx issue as now sgd will be ref for performance. sponsor Fraser is offloading 50% of its business park (the other 50% is held by fcot).

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164 comments
GotAnyGrapes

Not bad to buy at 1.63/1.64, april then merge, still can collect dividend first for Q1 2020 then merge :D

KH8006

Should I sell FCOT @ 1.7 and buy back 1.24 for FLT in 1000 rather than having odds shares in the end, odds share usually can only be sold at lower price in the unit share market.

vvan

Reply to @KH8006 : the max odd lot you can have is 99 units. suppose the unit share market price is 1.22 ( i think it won't deviate too much from the normal price based on my experience with oue merger) and normal share price is 1.24, you lose $1.98 (1.24-1.22 = 0.02 x 99 = $1.98). No cause for alarm ba?

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AQdot

I like the merger (AREIT #2 in the making), but i dislike the valuation FCOT is being raided. Selling FCOT @ 1.03 nav, 6% yield, 30% gearing in exchange for FLIT @ 1.3book, 6% yield, 35% gearing is unfair to the former.

jasongan

Reply to @leewe : i dont know what to say... so long after picking up FLI shares, FLT continue to fly, i am happy. ha.

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tanyewhock

I don't think it is a good idea to merge. At it is now, we can see specialisation of various REITs by different group of executive/manager. Logistic and Industrial has their knowledge & experience focuses and it is separate for focuses on commercial REITs.

NinjaStars

Reply to @tanyewhock : The question we need to ask ourselves is do we want to see another AREIT in the making...

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TheLoneWolf

What is FLIT div payout frequency post merger? Qtrly or half yrly?

terrylim2

Reply to @leewe : Hanor Hanor. Agm last year morn got buffet eat. This year afternoon no buffet eat. :x

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KH8006

Is it better to sell FCOT than ending up with odd shares of FLT?

leewe

Bt writeup on the merger (page 1 of 2) @joshosaurusrex

MasterLeong

mr market is crazy one gg

leewe

Reply to @joshosaurusrex : Im more concern about how the new entity will address the issue of (1)loss of dpu thru fx risk, (2)availability to receive drp in units, which is related to the odd lots arising from this exercise, (3)change in board of directors, will chairman of fcot be in the new board.

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MasterLeong

Frasers Com Tr (SGX: ND8U)
1.650
-0.060 (-3.51%)

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