tag:blogger.com,1999:blog-7944902213075756335.post852804925942212299..comments2024-03-28T10:39:01.047+08:00Comments on A Singaporean Stocks Investor (ASSI): First REIT: Excess rights allotment.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger28125tag:blogger.com,1999:blog-7944902213075756335.post-24744704469620474312011-01-08T22:39:50.465+08:002011-01-08T22:39:50.465+08:00Hi Jason,
With an estimated DPU of 6.4c, the yiel...Hi Jason,<br /><br />With an estimated DPU of 6.4c, the yield at 67c is closer to 9.55%. Very nice. :)<br /><br />A 7% yield? That would mean a unit price of more than 90c. Even nicer. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-63421018787891197152011-01-08T01:42:50.809+08:002011-01-08T01:42:50.809+08:00Investing for my mum - got 40000 rights at 0.17, q...Investing for my mum - got 40000 rights at 0.17, quite the bargain and so sitting on 40 lots of 0.67 which is about 9.2% yield, not withstanding the capital gain already in the pocket at current price. See if the yield can drop to 7% !!jasonhttps://www.blogger.com/profile/01520000867803681070noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-65893543574872213502011-01-07T21:25:34.433+08:002011-01-07T21:25:34.433+08:00Hi Jason,
Thanks for the lead. :)
So, you buying...Hi Jason,<br /><br />Thanks for the lead. :)<br /><br />So, you buying more units of First REIT? ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-51601021068469148762011-01-07T18:20:46.057+08:002011-01-07T18:20:46.057+08:00AK71/Chu Yeow, i have read through the OCBC report...AK71/Chu Yeow, i have read through the OCBC report, quite extensive and comprehensive. You can download it at remisiers.org - click "research" then go to today's date 7th Jan 2011 and you will see the OCBC First REIT report, some 27 pages.Good stuff!jasonhttps://www.blogger.com/profile/01520000867803681070noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-54618455278736566402011-01-07T11:22:51.054+08:002011-01-07T11:22:51.054+08:00Hi Chu Yeow,
Thanks for sharing this happy news. ...Hi Chu Yeow,<br /><br />Thanks for sharing this happy news. :)<br /><br />84c is higher than the fair value of 80c I ascribed to First REIT. Looking forward to it. ;)<br /><br /><a href="http://singaporeanstocksinvestor.blogspot.com/2010/12/first-reit-xr-and-fair-value.html" rel="nofollow">First REIT: XR and fair value.</a>AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-58808744461098378852011-01-07T09:35:49.095+08:002011-01-07T09:35:49.095+08:00FYI First REIT got some analyst coverage today by ...FYI First REIT got some analyst coverage today by OCBC. Summary is Buy, fair value $0.84. Hope this stock gets more analyst coverage.Chu Yeowhttp://blog.codefront.net/noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-68205681212953763082011-01-07T00:34:02.792+08:002011-01-07T00:34:02.792+08:00Hi ZZ,
The proportion of excess rights you receiv...Hi ZZ,<br /><br />The proportion of excess rights you received is very generous. I am sure your average price is much lower due to this. Congratulations! :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-8268315107365551362011-01-06T23:12:35.843+08:002011-01-06T23:12:35.843+08:00Hi AK71
I bought mother share 5 lots before XR. En...Hi AK71<br />I bought mother share 5 lots before XR. Entitled to 6.25 lots. Apply for 5.75 lots of excess right and finally got 2.75 lots of excess rights. A good New Year gift!<br /><br />Thank you.ZZnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-13236887892451298292011-01-04T12:15:47.202+08:002011-01-04T12:15:47.202+08:00Hi Ana,
I don't know what to say....
Too lat...Hi Ana,<br /><br />I don't know what to say....<br /><br />Too late to do anything now too. Be careful next time...la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-74349243528616519622011-01-04T12:09:36.458+08:002011-01-04T12:09:36.458+08:00Hi Ana,
Am I right to say that you bought 52 lots...Hi Ana,<br /><br />Am I right to say that you bought 52 lots of nil-paid rights in the open market? You would have paid $8,580 to the person who sold you his nil-paid rights. This is non-refundable.<br /><br />Basically, you owned 52 lots of rights and were entitled to convert these into normal units. They were not excess rights. When you were at the ATM, you should have entered your acceptance AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-23097281722350548732011-01-04T11:37:49.372+08:002011-01-04T11:37:49.372+08:00AK71,
Question. I got back the funds for the unal...AK71,<br />Question. I got back the funds for the unalloted rights (52,000 x $0.50 = S$26,000) on 31 December via the CDP account.<br /><br />I bought the excess rights on the open market, and paid an average of $0.165 per right, ie $8,580 in total.<br /><br />will I get the $8,580 back?<br />Or will they become First Reit's excess funds?<br /><br />AnaAnanoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-89599449437603575752011-01-03T11:43:22.366+08:002011-01-03T11:43:22.366+08:00Hi Anonymous,
You have 7500 entitled rights but r...Hi Anonymous,<br /><br />You have 7500 entitled rights but received 2500 excess rights? It seems that you were given 1000 more excess rights than what my hypothesis suggests. More tweaking needed.<br /><br />Maybe Tier 1 (1,000 excess rights) is for 1,250 to 6,125 entitled rights? Hmm..AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-13722127515676904762011-01-03T11:30:50.993+08:002011-01-03T11:30:50.993+08:00I hv 6000, entitled to 7500. I applied for excess,...I hv 6000, entitled to 7500. I applied for excess, and I got total 10000. Info for yr statistics.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-17110201544304139132011-01-02T22:31:28.262+08:002011-01-02T22:31:28.262+08:00Hi bummy and L,
Thanks for sharing your numbers. ...Hi bummy and L,<br /><br />Thanks for sharing your numbers. So far, my hypothesis seems to be correct. <br /><br />Happy New Year. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-43392911442966833422011-01-02T22:01:12.763+08:002011-01-02T22:01:12.763+08:00Happy New Year AK.
I had 4 lots, got 5 lot rights,...Happy New Year AK.<br />I had 4 lots, got 5 lot rights, and 1 lot excess. Now total 10 lots at average price of $0.594.<br /><br />LAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-60583999221167438942011-01-02T21:34:19.654+08:002011-01-02T21:34:19.654+08:00AK, a few more numbers for you :
Cash 1 – mother ...AK, a few more numbers for you :<br /><br />Cash 1 – mother share 10k, entitled 12.5k, excess applied 12.5k, total rights share 15k<br /><br />Cash 2 – nil paid right shares 20k, entitled 0k, excess applied 30k, total rights share 0k<br /><br />SRS 1 – mother share 14k, entitled 17.5k, excess applied 3.5k, total right share 20k<br /><br />SRS 2 – mother share 5k, entitled 6.25k, excess applied bummynoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-40765469002527577772011-01-01T11:47:48.127+08:002011-01-01T11:47:48.127+08:00Hi Verbatin,
10 lots of First REIT means you were...Hi Verbatin,<br /><br />10 lots of First REIT means you were entitled to 12,500 rights. So, getting 2,500 excess rights confirms my hypothesis. :)<br /><br />Happy New Year!AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-56152196854418521842011-01-01T11:40:49.162+08:002011-01-01T11:40:49.162+08:00I have 10 lot bought with Cash.
Applied for excess...I have 10 lot bought with Cash.<br />Applied for excess of 40+ lot.<br /><br />Got excess of 2.5 lot.<br /><br />CPF portion dont know yet<br /><br />VerbatinAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-60431981190712640792011-01-01T11:38:22.030+08:002011-01-01T11:38:22.030+08:00Hi Bluebox,
That is strange. CK has 42,500 entitl...Hi Bluebox,<br /><br />That is strange. CK has 42,500 entitled rights and was allotted 3,500 excess.<br /><br />Someone else got 43,750 entitled rights and was allotted 3,250 excess.<br /><br />Could it be that Tier 3 starts at 42,500 then? So, 41,250 is the tail end of Tier 2. Very likely.<br /><br />Thanks for contributing your numbers. Happy New Year! :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-86275149857286512932011-01-01T01:43:50.695+08:002011-01-01T01:43:50.695+08:00Hello! AK,
Good info. Have been trying to find ou...Hello! AK,<br /><br />Good info. Have been trying to find out the excess allocation formula for quite a while. Suspected that it is tiered and dependent on existing rights subscribed but need confirmation. You provided me that. ;-)<br /><br />Tier 3 probably starts at 50,000. I have 41,250 rights, allotted 750 + 2,000 excess. Quite happy considering the limited unsubscribed excesses...<br /><br /Blueboxnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-55913355531298961242011-01-01T00:35:08.585+08:002011-01-01T00:35:08.585+08:00Hi LP,
You would fall into Tier 2 with an entitle...Hi LP,<br /><br />You would fall into Tier 2 with an entitlement of 11,250 rights. So, getting 2,000 + 750 excess rights is correct. Congratulations! :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-48324488281917620512011-01-01T00:30:10.017+08:002011-01-01T00:30:10.017+08:00Hi AK,
I've 9 lots before XR, and I get 2 lot...Hi AK,<br /><br />I've 9 lots before XR, and I get 2 lots excess, and an extra 750 shares to round off :)la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-26368240201178934692011-01-01T00:20:08.351+08:002011-01-01T00:20:08.351+08:00Hi Mark,
Thanks for sharing your results. Happy N...Hi Mark,<br /><br />Thanks for sharing your results. Happy New Year! :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-37715502952587272312010-12-31T23:41:28.656+08:002010-12-31T23:41:28.656+08:00I belong to the second tier. I applied for 2 exces...I belong to the second tier. I applied for 2 excess lots (excluding rounding up), of which 1 by mistake and I had my 2 lots excess. So for that it seems correct.markhttps://www.blogger.com/profile/08883557546693071846noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-30121189984341265212010-12-31T20:29:33.481+08:002010-12-31T20:29:33.481+08:00Hi Mknace,
Thanks, I think. :)Hi Mknace,<br /><br />Thanks, I think. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.com