Forterra Trust (formerly: Treasury China Trust)

Boon,
I thank you too, for your "service to the nation"
You have make many detailed postings on Forterra and I appreciate that it involved much efforts and time, esp. when collating data points to compile all those estimates and projections.

I'm believe your postings have booster the confidence for some Forterra minorities holders to held on and not throw in the towels altogether, cheers

(24-11-2014, 11:19 AM)Vseeker Wrote: Boon,
I thank you too, for your "service to the nation"
You have make many detailed postings on Forterra and I appreciate that it involved much efforts and time, esp. when collating data points to compile all those estimates and projections.

I'm believe your postings have booster the confidence for some Forterra minorities holders to held on and not throw in the towels altogether, cheers

Nan Fung have raised the offer to $2.25 and been buying heavily in the market. No acceptances at $1.85 (gee whiz,..). Still think they will need to raise it one more time to prise out the sellers...we shall see, PD

(24-11-2014, 11:19 AM)Vseeker Wrote: Boon,
I thank you too, for your "service to the nation"
You have make many detailed postings on Forterra and I appreciate that it involved much efforts and time, esp. when collating data points to compile all those estimates and projections.

I'm believe your postings have booster the confidence for some Forterra minorities holders to held on and not throw in the towels altogether, cheers

Yes totally agree. Thank you Boon!

(24-11-2014, 01:18 PM)safetyfirst Wrote:

(24-11-2014, 11:19 AM)Vseeker Wrote: Boon,
I thank you too, for your "service to the nation"
You have make many detailed postings on Forterra and I appreciate that it involved much efforts and time, esp. when collating data points to compile all those estimates and projections.

I'm believe your postings have booster the confidence for some Forterra minorities holders to held on and not throw in the towels altogether, cheers

Yes totally agree. Thank you Boon!

The quality of research is outstanding. The most unbelievable part is that it is free.

Thanks for all the kind words - I will take credit for providing most of the free research – credits must also be given to other contributors.

As I have always insisted, one should be fully responsible for the consequences of one’s investment decision - the decision to invest, divest, hold on or throw in the towers ultimately lies with each individual investor – so congratulations to buddies who have made positive returns from this counter.

(vested)

All

I'm new in the forum but have been following this post for a while since I have a holding in Forterra. What are people's opinion on the $2.25 offer? Personally I am a little disappointed having bought at around $2.15 at the beginning of the year, 4.7% YTD is not the best return especially as this is still at a 44% discount to the latest NAV. Are people taking up the offer?

I am considering whether to sell now and participate in the potential seasonal market rally of Dec/Jan in something else or to hold on and look for further re-rating in 2015 once The Place is up and running.

Thoughts please.

Boon,

U have done well. the key question from here will be should one trust NF to keep delivering on their listed vehicle in view of the headwinds in Chinese property mkt.

We have to note that Chinese commercial real estate is transitioning from a low yielding, high capital returns model to one that is hopefully adequately yielding with reasonable capital returns.

I have no vested interests but certainly monitoring...

GG

(24-11-2014, 03:03 PM)Boon Wrote: Thanks for all the kind words - I will take credit for providing most of the free research – credits must also be given to other contributors.

As I have always insisted, one should be fully responsible for the consequences of one’s investment decision - the decision to invest, divest, hold on or throw in the towers ultimately lies with each individual investor – so congratulations to buddies who have made positive returns from this counter.

(vested)

(24-11-2014, 01:07 PM)PekingDuck Wrote:

(24-11-2014, 11:19 AM)Vseeker Wrote: Boon,
I thank you too, for your "service to the nation"
You have make many detailed postings on Forterra and I appreciate that it involved much efforts and time, esp. when collating data points to compile all those estimates and projections.

I'm believe your postings have booster the confidence for some Forterra minorities holders to held on and not throw in the towels altogether, cheers

Nan Fung have raised the offer to $2.25 and been buying heavily in the market. No acceptances at $1.85 (gee whiz,..). Still think they will need to raise it one more time to prise out the sellers...we shall see, PD

I agree with PekingDuck observation.
the offer increased by 40cts from $1.85 to $2.25.
Next round (hopeful) by another 40 cts to $2.65. I would throw in the towel at this price.

(vested)

Boon San

Thank you Sir! Only thing I'm fed up with is the "chicken" fund manager / pension fund. Nan Fung is clearly interested in the property having named it Nan Fung City in Chinese. I will not argue with my profits but the guy laughing to the bank is NF.

(24-11-2014, 08:29 PM)qltyguy Wrote:

(24-11-2014, 01:07 PM)PekingDuck Wrote:

(24-11-2014, 11:19 AM)Vseeker Wrote: Boon,
I thank you too, for your "service to the nation"
You have make many detailed postings on Forterra and I appreciate that it involved much efforts and time, esp. when collating data points to compile all those estimates and projections.

I'm believe your postings have booster the confidence for some Forterra minorities holders to held on and not throw in the towels altogether, cheers

Nan Fung have raised the offer to $2.25 and been buying heavily in the market. No acceptances at $1.85 (gee whiz,..). Still think they will need to raise it one more time to prise out the sellers...we shall see, PD

I agree with PekingDuck observation.
the offer increased by 40cts from $1.85 to $2.25.
Next round (hopeful) by another 40 cts to $2.65. I would throw in the towel at this price.

(vested)

I would happily take $2.65 but, as per orangetea, the offer document states under 3.3 - The Offeror will not further revise the Final Offer Price. Therefore in accordance with Rule 20.2 of the Code, the Offeror will not be allowed to subsequently increase the Final Offer Price in any way.

I think this means it's either $2.25 now or wait until 2015 and sell the shares in the market at whatever price they're at then or wait for another offer further down the line.