Frasers Property (formerly: Frasers Cpt (FCL))

Just a question i have, what are the possible significant material impact of the already successful acquisition of Australand have on the coming 3Q report? To my understanding the acquisition will be accounted in the financial FY2014. I am more interested in knowing what are the possible accounting effect that will be booked in the earnings report. Could anybody enlighten me on this? Thanks!

(12-11-2014, 11:01 AM)Stephentoh Wrote: Just a question i have, what are the possible significant material impact of the already successful acquisition of Australand have on the coming 3Q report? To my understanding the acquisition will be accounted in the financial FY2014. I am more interested in knowing what are the possible accounting effect that will be booked in the earnings report. Could anybody enlighten me on this? Thanks!

Typically the document dispatched for the acquisition, will present the impact, both on earning and NAV. You might want to read the documents.

(12-11-2014, 11:04 AM)CityFarmer Wrote:

(12-11-2014, 11:01 AM)Stephentoh Wrote: Just a question i have, what are the possible significant material impact of the already successful acquisition of Australand have on the coming 3Q report? To my understanding the acquisition will be accounted in the financial FY2014. I am more interested in knowing what are the possible accounting effect that will be booked in the earnings report. Could anybody enlighten me on this? Thanks!

Typically the document dispatched for the acquisition, will present the impact, both on earning and NAV. You might want to read the documents.

Yes, but the financial effects are ususlly illustrated based on the previous year results. But i get what you mean. Thanks for the help.

Just attended the EGM. So many retirees waiting for food as usual. Some minority noises trying to fight for more dividends and some asking what's a perpetual security.

Suspect Bob (Australand exec) was expecting more substantial questions but was pleasantly surprised by such an easy work day.

Anyway, a summary is that FCL is working hard to realize value in Australand investment portfolio (divestment to FCOT etc.) and should have something in the next 12 to 18 months. They are also expecting cap rate compression to continue in Australia. Also to counter the lacklustre Australian property market, they are bringing forward developments to make use of the current market condition..

The CFO was emphasizing on the good cash flow visibility, and how it's an earning accretive acquisition etc. But at the moment, they are in no hurry to reduce leverage (don't see why they should?). About the constant badgering on dividends, he assured that there will be a final dividend.

For those who don't want to wait for the official version.
https://www.dropbox.com/s/4xx0jh42o79pn7...1.m4a?dl=0

(12-11-2014, 04:24 PM)piggo Wrote: For those who don't want to wait for the official version.
https://www.dropbox.com/s/4xx0jh42o79pn7...1.m4a?dl=0

thumbs up for the effort...

btw did charoen attend the meeting?

(12-11-2014, 04:56 PM)toiletsiao Wrote: thumbs up for the effort...
btw did charoen attend the meeting?

Yes he did, but everyone was quite enamored with him...praising his intellect, being a successful entrepreneur etc. He practically answered no questions.

Personally was a little surprised by the lack of investment houses/brokerages present. Guess I_love_girls will have plenty of opportunities to buy soon

(12-11-2014, 05:10 PM)piggo Wrote:

(12-11-2014, 04:56 PM)toiletsiao Wrote: thumbs up for the effort...
btw did charoen attend the meeting?

Yes he did, but everyone was quite enamored with him...praising his intellect, being a successful entrepreneur etc. He practically answered no questions.

Personally was a little surprised by the lack of investment houses/brokerages present. Guess I_love_girls will have plenty of opportunities to buy soon

Means price will drop further. Shiok sia! Upside is limited I guess at the moment.

By the way, is the earning very good this year?

Btw, I find that the movement of the share price quite interestinginteresting recently. It goes up to slightly more than 1.6++ at the start of the day and always end with 1.585-1.590. What is happening sia?