tag:blogger.com,1999:blog-7944902213075756335.post7896304456729920905..comments2024-03-28T23:00:40.055+08:00Comments on A Singaporean Stocks Investor (ASSI): First REIT: Waiting at 67c.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger24125tag:blogger.com,1999:blog-7944902213075756335.post-79567157534034889402010-12-14T14:28:26.329+08:002010-12-14T14:28:26.329+08:00Hi bummy,
So, your theory about us being able to ...Hi bummy,<br /><br />So, your theory about us being able to get a lot more excess rights this time round has fallen through? :(<br /><br />Anyway, it makes sense that those who cannot accept/pay for the rights should sell them away. Why benefit unitholders like us with more excess rights? ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-22504366686972885382010-12-14T13:46:11.658+08:002010-12-14T13:46:11.658+08:00I still thinking why sgx would sell off the rights...I still thinking why sgx would sell off the rights that foreigners are not entitled to. By doing do, FR would earn nil paid rights amount of say 16c (that you bought) + 50c = 66c. <br /><br />If they do not sell the nil paid rights and allowed investors like us to buy as excess rights, FR would only earn 50c. Hence, I think the chances on securing excess rights share will be similar to AA reit.bummynoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-31441089129868838932010-12-14T09:33:21.498+08:002010-12-14T09:33:21.498+08:00Hi Gerard,
Hey, I am happy to share and learn tog...Hi Gerard,<br /><br />Hey, I am happy to share and learn together. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-89259470945174471772010-12-14T08:22:00.759+08:002010-12-14T08:22:00.759+08:00I see.. Thanks. Understand your point. Pardon my i...I see.. Thanks. Understand your point. Pardon my ignorance..Gerardnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-48964381694729960292010-12-14T00:36:39.625+08:002010-12-14T00:36:39.625+08:00Hi Gerard,
No mistake. I was referring to the sav...Hi Gerard,<br /><br />No mistake. I was referring to the savings from brokerage and other fees. Assuming that brokerage is $28 for every $10k worth of transaction, a $30k transaction would be $84 of brokerage fees. Plus other fees, it would be almost $100. So, instead of paying almost $100, you would only have to pay $1 at the ATM to exercise the rights which you bought at 16c to convert them AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-81057429676697339252010-12-14T00:30:00.277+08:002010-12-14T00:30:00.277+08:00Thanks a lot! However in the 2 last para last sent...Thanks a lot! However in the 2 last para last sentence, it shd be 66.5c instead of 66c? Otherwise how to have a $100 estimated savings.. =)Gerardnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-3006171461272489952010-12-14T00:13:04.800+08:002010-12-14T00:13:04.800+08:00Hi Gerard,
To accept and pay for the nil-paid rig...Hi Gerard,<br /><br />To accept and pay for the nil-paid rights at the ATM costs us $1.<br /><br />If we were buying a large quantity, it would actually be cheaper to buy the nil-paid rights and then exercise them at the ATM at 50c a piece.<br /><br />So, for example, if one had bought 60 lots of nil-paid rights at 16c, one would have to pay more than S$28 in brokerage and other fees. Then, one AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-17299828566295890362010-12-13T23:10:32.997+08:002010-12-13T23:10:32.997+08:00Hi AK,
Want to ask how much would paying for the...Hi AK, <br /><br />Want to ask how much would paying for the rights (50c) at ATM be, given we also need to pay brokerage fees for the nil paid rights (16c today)? <br />Do you know becos otherwise it may be better off buying mother shares for a difference of 0.5cGerardnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-56923566009086148872010-12-12T23:01:59.830+08:002010-12-12T23:01:59.830+08:00Hi SnOOpy168,
That titbit was from JW, not LP. ;)...Hi SnOOpy168,<br /><br />That titbit was from JW, not LP. ;)<br /><br />Anyway, that news was released after the sell down and not before. So, no matter, I feel. As long as we still got a good deal, I'm OK. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-28307068900256375882010-12-12T23:00:50.709+08:002010-12-12T23:00:50.709+08:00Hi Gerard,
You are most welcomed. :)Hi Gerard,<br /><br />You are most welcomed. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-87802603623136304322010-12-12T19:34:32.593+08:002010-12-12T19:34:32.593+08:00""First REIT - SGX is selling the rights...""First REIT - SGX is selling the rights for those who are not entitled to the Rights Units (Investors with Foreign addresses)"<br /><br />If my broker had this info for me as LP did....<br /><br />feeling a little short....<br /><br />SnOOpy168Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-68650191264178199182010-12-12T18:35:05.675+08:002010-12-12T18:35:05.675+08:00Yes, thanks a lot. =)Yes, thanks a lot. =)Gerardnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-48002837038299413922010-12-12T18:12:29.239+08:002010-12-12T18:12:29.239+08:00Hi Gerard,
If you bought 20,000 nil paid rights f...Hi Gerard,<br /><br />If you bought 20,000 nil paid rights from the stock market at 16.5c/unit, you will have to pay your broker for these. Then, you would still have to visit an ATM to make payment (50c/unit) before the rights exercise ends. So, your total cost is 66.5c /unit.<br /><br />Yes, you can buy the nil-paid rights trading in the stock market. Trading of nil-paid rights closes on 16 DecAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-47061532220408129882010-12-12T18:06:11.893+08:002010-12-12T18:06:11.893+08:00Hi WK,
Yes, the ATM would produce a receipt to sh...Hi WK,<br /><br />Yes, the ATM would produce a receipt to show that you have accepted/pay for the rights plus your application for excess rights, if any.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-90161058952128409932010-12-12T18:05:00.862+08:002010-12-12T18:05:00.862+08:00Hi LP,
Thank you very much for taking the time an...Hi LP,<br /><br />Thank you very much for taking the time and trouble to make such a detailed comment on the process. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-71339356360109430082010-12-12T16:18:41.467+08:002010-12-12T16:18:41.467+08:00Hi AK,
In your reply to Benson Tan above, assumi...Hi AK, <br /><br />In your reply to Benson Tan above, assuming buying nil paid rights 20 lots at 16.5 c, we pay $10,000 at the ATM. <br /><br />1) How about the remaining amt of $3,300 (20 lots x 16.5c)?<br />2) I do not have mother shares of First Reit now, but I think I can buy the nil paid rights online just like the mother shares correct? <br />3) If I buy the nil paid rights before 16 Dec, Gerardnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-14505690281847212692010-12-12T13:12:07.836+08:002010-12-12T13:12:07.836+08:00will there be a slip from the ATM as proof of your...will there be a slip from the ATM as proof of your purchase?WKnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-33500866080228392272010-12-12T12:49:58.661+08:002010-12-12T12:49:58.661+08:00Hi,
I think for the sake of all the confused soul...Hi,<br /><br />I think for the sake of all the confused souls out there, I'll help AK by giving an example :)<br /><br />Say that I've 9 lots of first reits mother share. Upon XR, I'll have 11.25 lots of entitled rights. Since they are not paid, these are also called nil-paid rights. It'll be on trading until 16th Dec, so if I don't want to subscribe to them, I should sell la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-1223887223024810692010-12-12T00:02:56.041+08:002010-12-12T00:02:56.041+08:00Hi WK,
There would be two entries: the first for ...Hi WK,<br /><br />There would be two entries: the first for what you already have (entitled plus nil-paid rights which you might have bot in the open market) and the second for excess rights you want to apply for.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-39391914500930558492010-12-11T23:40:03.082+08:002010-12-11T23:40:03.082+08:00wat if i keyed in more than wat i m allocated?wat if i keyed in more than wat i m allocated?WKnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-54733409444108432162010-12-11T17:03:58.726+08:002010-12-11T17:03:58.726+08:00Hi Benson,
Refer to my reply to Newbie above. ;)
...Hi Benson,<br /><br />Refer to my reply to Newbie above. ;)<br /><br />In greater detail, if you bought 20 lots of nil-paid rights at 16.5c, for example, you would have to go to an ATM and search for the "Rights Application" button and hit "First REIT". Enter your acceptance of 20 lots (i.e. 20,000 rights) and pay $10,000.00.<br /><br />Your rights units would be issued on 30 AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-48798032307878945472010-12-11T16:38:20.193+08:002010-12-11T16:38:20.193+08:00Hi AK71
I i buy the nil paid rights at 0.165 at op...Hi AK71<br />I i buy the nil paid rights at 0.165 at open market. do you know how to exercise the purchased rights and how to convert it to a mother share and able to sell off in future ? <br /><br />Thanks<br />Benson TanAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-61283740948292934822010-12-10T21:13:57.687+08:002010-12-10T21:13:57.687+08:00Hi Newbie,
It would be the same procedure as acce...Hi Newbie,<br /><br />It would be the same procedure as accepting and paying for any nil-paid rights. Go to the ATM, scroll through the pages and you will find the option available. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-80970085211525304272010-12-10T21:09:41.619+08:002010-12-10T21:09:41.619+08:00Hi,
I managed to buy some rights at 0.165 too. B...Hi, <br /><br />I managed to buy some rights at 0.165 too. Btw, do you know how to exercise the purchased rights? Will there be an option at the OCBC atm where I can exercise the purchased rights? <br /><br />Many thanks in advance. <br /><br />From, <br />NewbieNewbienoreply@blogger.com