tag:blogger.com,1999:blog-7944902213075756335.post695765374675466072..comments2024-03-28T10:39:01.047+08:00Comments on A Singaporean Stocks Investor (ASSI): LMIR: Will I subscribe to the rights issue?AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger38125tag:blogger.com,1999:blog-7944902213075756335.post-77838509408104032242011-11-29T13:43:32.338+08:002011-11-29T13:43:32.338+08:00Hi SnOOpy168,
What I know is that our registered ...Hi SnOOpy168,<br /><br />What I know is that our registered addresses with CDP must be in Singapore to be eligible. :)<br /><br />As for CitySpring, I have said enough and I am sure you have read my blog posts on the subject as well. Don't let it bother you too much. Bygones. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-20324556129784540852011-11-29T13:35:00.476+08:002011-11-29T13:35:00.476+08:00I am still curious.
There seems to be always a g...I am still curious. <br /><br />There seems to be always a group of "Ineligible Unitholders". How did these group of investor exist ? <br /><br />Have to thank them for the nil-paid rights available or not taking it up. For sure, the recent cityspring rights, I ignored it. Sure enough, the post rights prices are lower than the rights itself ! Painful lesson for me, not knowing when to SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-84333243131573966222011-11-29T10:29:12.506+08:002011-11-29T10:29:12.506+08:00Hi SnOOpy168,
Thanks for the update. You are real...Hi SnOOpy168,<br /><br />Thanks for the update. You are really prompt. :)<br /><br />Ah, such enthusiastic response to the rights issue. I was hoping that the response might be lukewarm judging from the strong sell down of the rights when it was trading for a week.<br /><br />Rights units will be issued on 2 Dec and will start trading on 5 Dec.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-57849350702300756582011-11-29T10:16:35.648+08:002011-11-29T10:16:35.648+08:00LMIR TRUST ANNOUNCES OVERSUBSCRIPTION OF RIGHTS IS...LMIR TRUST ANNOUNCES OVERSUBSCRIPTION OF RIGHTS ISSUE AT 165% DRIVEN BY OVERWHELMING INSTITUTIONAL AND RETAIL DEMAND<br /><br />- Total acceptance rate at 165% of Rights Issue Units available;<br /><br />- One of the highest acceptance rate in S-REIT history;<br /><br />- Strong vote of confidence from Unitholders in LMIR Trust’s growth potential and future direction<br /><br />OK. I had cheong SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-65199197823502759822011-11-15T13:46:15.966+08:002011-11-15T13:46:15.966+08:00Hi SnOOpy168,
That is a good strategy. Do what we...Hi SnOOpy168,<br /><br />That is a good strategy. Do what we understand and sleep well at night. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-11195421120332307702011-11-15T13:10:29.085+08:002011-11-15T13:10:29.085+08:00AK . Me not KS here lah.
I am still learning abo...AK . Me not KS here lah. <br /><br />I am still learning about the nil-paid rights, it's calculations and how to exercise.<br /><br />So, might as well I stick to something within my means and understanding.<br /><br />Huat ah everyone.SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-33360126868390506212011-11-15T12:56:22.180+08:002011-11-15T12:56:22.180+08:00Hi SnOOpy168,
You are fast! I am still accumulati...Hi SnOOpy168,<br /><br />You are fast! I am still accumulating nil-paid rights. So, I will only visit the ATMs after they stop trading on 18 Nov. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-47734656981509007432011-11-15T07:46:01.646+08:002011-11-15T07:46:01.646+08:00Just ATM my allotment and cheong for excess rights...Just ATM my allotment and cheong for excess rights. 100% excess.<br /><br />Lets see how far the % of excess I get.<br /><br />Anyone wanted to start a table, excess rights applied for / granted<br /> <br />Snoopy168 = 100% / ???%SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-53030894287275114802011-11-14T17:08:39.997+08:002011-11-14T17:08:39.997+08:00Hi CS,
That is my understanding too, that only ex...Hi CS,<br /><br />That is my understanding too, that only existing unitholders have a chance at getting excess rights if they choose to apply for them.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-33243646114839245002011-11-14T15:55:11.915+08:002011-11-14T15:55:11.915+08:00Hi AK71
Heard from someone that I cannot apply for...Hi AK71<br />Heard from someone that I cannot apply for excess rights if I buy nil paid rights from the open market.<br />I can only apply for excess if <br />I am entitled to the rights issue.<br />Care to comment?<br />Thanks for your input.<br /><br />CSTanAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-71785270739538125342011-11-14T15:08:50.435+08:002011-11-14T15:08:50.435+08:00Hi BT91,
We cannot buy excess rights in the open ...Hi BT91,<br /><br />We cannot buy excess rights in the open market. We apply for excess rights at the same time when we pay for the rights we have.<br /><br />We can buy rights in the open market and these are known as nil-paid rights.<br /><br />Wait for the package from CDP which will contain instructions on how to convert the nil-paid rights into regular units. We will receive this a few days AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-89474849276375465472011-11-14T14:08:57.170+08:002011-11-14T14:08:57.170+08:00Hi AK,
May I ask you a question please?
I were to...Hi AK,<br /><br />May I ask you a question please?<br />I were to 'buy' the excess rights (08ZR) today from the open market today, how do I exercise the rights and pay for the units that I have brought? Thank you.<br /><br />BT91Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-31481618571168692342011-11-10T22:44:52.086+08:002011-11-10T22:44:52.086+08:00Hi Ah Guan,
Wait for the package from CDP. You wi...Hi Ah Guan,<br /><br />Wait for the package from CDP. You will get it in the mail soon.<br /><br />I usually visit the ATM after the nil-paid rights trading ends. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-13093450439042641372011-11-08T11:03:15.157+08:002011-11-08T11:03:15.157+08:00Hi Guys, Greetings, Am a newbie in this rights iss...Hi Guys, Greetings, Am a newbie in this rights issue.<br /><br />Looking at the timeframe, when can I visit the ATM to subscribe to the rights ? Had i missed the boat ?<br /><br />Time frame:<br /><br />4 Nov<br />Rights Issue book closure date<br /><br />10 - 18 Nov<br />“Nil-paid” rights trading period<br /><br />24 Nov<br />Close of Rights IssueAh Guannoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-58559885842800350872011-10-21T16:08:27.799+08:002011-10-21T16:08:27.799+08:00Hi SnOOpy168,
Thanks for the update. Much appreci...Hi SnOOpy168,<br /><br />Thanks for the update. Much appreciated. :)<br /><br />I will probably be subscribing to the rights issue. Will try my luck at excess rights too. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-67798203524105542882011-10-21T15:08:42.095+08:002011-10-21T15:08:42.095+08:00Resolution was passed yesterday.
1 for 1 @ 0.31 e...Resolution was passed yesterday.<br /><br />1 for 1 @ 0.31 each.<br /><br />http://lmir.listedcompany.com/newsroom/20111020_190019_D5IU_B645EB1225DA7FD44825792F00286294.1.pdf<br /><br />Time frame:<br /><br />4 Nov<br />Rights Issue book closure date<br /><br />10 - 18 Nov<br />“Nil-paid” rights trading period<br /><br />24 Nov<br />Close of Rights Issue<br /><br />I am still thinking to SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-71219231501768984012011-10-04T22:47:13.173+08:002011-10-04T22:47:13.173+08:00Hi Hwang,
Each time I tried to beat Mr. Market, I...Hi Hwang,<br /><br />Each time I tried to beat Mr. Market, I would fall flat on my face. Well, maybe there were once or twice when I did better. Just maybe. ;p<br /><br />I have my seat belt on for the ride. Could get rather nerve wrecking. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-30895805776531734462011-10-04T22:27:44.812+08:002011-10-04T22:27:44.812+08:00All my REITs and the only stock in my portfolio ar...All my REITs and the only stock in my portfolio are in reds. The same goes with my unit trust funds. I have gave up trying to beat the Market.<br /><br />So, i fully agree with INVS2.0 to build up investable cash and spend them prudently like what AK says every time. Not too worried as long as i am still working and the CEOs don't screw up those trusts .<br /><br />Enjoy the the warmth of theHwangnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-76833164146761003692011-10-04T19:16:50.558+08:002011-10-04T19:16:50.558+08:00Hi INVS 2.0,
That is one of the advantages we hav...Hi INVS 2.0,<br /><br />That is one of the advantages we have being invested for income.<br /><br />If market trades sideways, we have regular income from our investments. If the market moves down, we can add to our investments locking in higher yields, all the while collecting income from our existing investments.<br /><br />The day the stock market recovers, a rising tide will lift all boats AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-56867832238700025772011-10-04T19:10:28.876+08:002011-10-04T19:10:28.876+08:00Hi Ak71,
Yes, thanks for the golden reminder. I ...Hi Ak71, <br /><br />Yes, thanks for the golden reminder. I will stay firm despite the storm outside seems too much for a novice investor to handle. :DINVS 2.0noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-74778702666832232982011-10-04T19:04:35.309+08:002011-10-04T19:04:35.309+08:00Hi INVS 2.0,
Just remember that when there is a l...Hi INVS 2.0,<br /><br />Just remember that when there is a lot of fear in the air, we should not be fearful too. Instead, we must sit up and look out for bargains. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-76051678060009503582011-10-04T19:00:36.852+08:002011-10-04T19:00:36.852+08:00Hi Sandy,
In the last bear market, I bought some ...Hi Sandy,<br /><br />In the last bear market, I bought some units of LMIR at 18c per piece. So, could its unit price go below 31c, post rights? Who knows for sure? It could, I suppose.<br /><br />However, if we were to subscribe to the rights issue, it would make sense to apply for some excess rights to gain a better distribution yield for our investment in the REIT. This is in the current time AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-19247066506553148392011-10-04T18:53:41.936+08:002011-10-04T18:53:41.936+08:00Hi AK47,
Well, I am having reds all over the pla...Hi AK47, <br /><br />Well, I am having reds all over the place. But those are just paper losses and I can still get dividends if I hold on to the stocks. Right now is to build up on investable cash and ready to exploit the market again if another 2008 scenario takes place. <br /><br />The global economy is getting scary as month passes by. My patience is being tested again and again as historic INVS 2.0noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-75294147466252317782011-10-04T18:32:53.362+08:002011-10-04T18:32:53.362+08:00Hi AK 47 , agree with your comments. Would you thi...Hi AK 47 , agree with your comments. Would you think it makes sense to apply for excess rights... one never knows, after rights, market may price it even below 31 Cents ... making it to yield similar to Sabana and AIMS and close to suntec.<br /><br />Low gearing is a plus compared to the other REIT's but with the kind of management in place people do not seem to have confidence in it. it was Sandynoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-768112712639857692011-10-04T18:30:07.619+08:002011-10-04T18:30:07.619+08:00Hi INVS 2.0,
If I tell you I know, would you beli...Hi INVS 2.0,<br /><br />If I tell you I know, would you believe me? ;p<br /><br />It is important for us to know that we do not know everything. In an environment of imperfect knowledge, all we can do is to plan around this reality and stick to the plan. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.com