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RHT HealthTrust (formerly: Religare Health Trust)
19-10-2012, 03:16 PM.
Post: #21
RE: Religare Health Trust (IPO)
(19-10-2012, 03:12 PM)freedom Wrote: because DBS Bank is underwriter, Temasek is related to DBS Bank.

then should also put Standard chartered bank ownership too... lol

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19-10-2012, 03:21 PM.
Post: #22
RE: Religare Health Trust (IPO)
(19-10-2012, 03:09 PM)toiletsiao Wrote:
(19-10-2012, 02:56 PM)propertyinvestor Wrote: I just saw Malvinder Mohan Singh walking past by SGX Center. There was an angmoh walking with him. He didnt look very happy. I wonder why.

(19-10-2012, 12:36 PM)toiletsiao Wrote:
(18-10-2012, 11:50 PM)propertyinvestor Wrote: Wow, DBS also take 15million shares to stag or probably to distribute out to clients of DBS Vickers.

I wonder if its going to be like another INDIABULLS PROPERTY TRUST Big Grin

temasek holdings took 15mil shares not DBS la

Temasek Holdings (Private) Limited
directly and indirectly owns 28% of
DBS Group Holdings Limited which
owns 100% of DBS Bank Ltd.
Temasek Holdings (Private) Limited
INDIRECTLY owns 100% of Swordfish
Investments Pte. Ltd.

So they own it through DBS right? Rolleyes

no la... "Temasek Holdings (Private) Limited
INDIRECTLY owns 100% of Swordfish
Investments Pte. Ltd".. Swordfish Investments is a subsidary of Seatown Holdings which belongs to temasek holdings...dont know why they want to put the DBS ownership infront to confuse ppl...lol


Are you sure of this? Do you have a link? Is this the same swordfish investment?

http://www.swordfishinvestments.com/contact-us/

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19-10-2012, 03:32 PM.
Post: #23
RE: Religare Health Trust (IPO)
(19-10-2012, 03:21 PM)propertyinvestor Wrote: Are you sure of this? Do you have a link? Is this the same swordfish investment?

http://www.swordfishinvestments.com/contact-us/

not the same swordfish

http://www.mapletreecommercialtrust.com....110429.pdf

"In the IPO, Swordfish Investments Pte. Ltd. ("Swordfish")
subscribed for 10,000,000 Units. Swordfish is indirectly wholly
owned by Temasek through Seatown Holdings Pte. Ltd. Temasek is
deemed to be interested in the 10,000,000 Units held by
Swordfish."

dont think temasek's investment holding companies got website one la ..haha

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19-10-2012, 04:13 PM.
Post: #24
RE: Religare Health Trust (IPO)
Dont worry.. no matter how bad this health trust is, i dont think it will ever be as bad as indiabulls properties investment trust. The latter has never declared dividends since listing.

And some of our earlier postings were damn right, business trust seem to always fall after listing

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19-10-2012, 05:36 PM.
Post: #25
RE: Religare Health Trust (IPO)
(19-10-2012, 02:01 PM)Nick Wrote: Opened at 89 cents

Closed @ $0.81
Vol = 123,651,000
Range = $0.805 to $0.895

Only 12Mil for retail, so most of the vol must be coming from placement tranche or Traders going in and out ??

Didn't expect it to drop so much! I always wondered why investors (?) apply for IPO / Placement only to sell it at a loss... Rolleyes

<Not Vested>
=========== Signature ===========
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ,百战不殆 ;不知彼 ,不知己 ,每战必殆 ------------

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19-10-2012, 05:52 PM.
Post: #26
RE: Religare Health Trust (IPO)
I think the reason why people apply for IPOs is because they hope they can sell it for a GAIN. Tongue

Not always the case though, especially for IPOs!
=========== Signature ===========
My Value Investing Blog: http://sgmusicwhiz.blogspot.com/

http://sgmusicwhiz.blogspot.com
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19-10-2012, 06:47 PM.
Post: #27
RE: Religare Health Trust (IPO)
Down 10%.

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19-10-2012, 08:26 PM.
Post: #28
RE: Religare Health Trust (IPO)
The reality is that the overwhelming majority of IPO's end up as bad bets for those subscribing. And there are several cases where the losses were dreadfull, i.e. several tens of percent. When I looked at this last year, less than 25% of IPO's in Singapore were good investments for those subscribing to new shares. Of course, the IPO's were highly lucrative for individuals who were on the management teams of the companies listed.

Not vested in RHT

(19-10-2012, 05:52 PM)Musicwhiz Wrote: I think the reason why people apply for IPOs is because they hope they can sell it for a GAIN. Tongue

Not always the case though, especially for IPOs!
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RBM, Retired Botanic MatSalleh

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19-10-2012, 08:44 PM. (This post was last modified: 19-10-2012, 08:44 PM by Nick.)
Post: #29
RE: Religare Health Trust (IPO)
RHT closed at 81.0 cents. It own operational and income generating assets unlike its peer Indiabulls so the probability of meeting its DPU guidance isn't low.

Looking at pg 37 of the Prospectus,

FY 2013 (annualized)

Guided DPU including sponsor waiver: 7.99 SG cents
Real DPU: 5.78 SG cents
Guided Yield: 9.9%
Real Yield: 7.1%

FY 2014

Guided DPU including sponsor waiver: 8.17 SG cents
Real DPU: 5.89 SG cents
Guided Yield: 10.1%
Real Yield: 7.3%

In the long run, INR / SGD rates will play a big role in the Trust performance IMO.

(Not Vested)
=========== Signature ===========
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.

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19-10-2012, 11:14 PM.
Post: #30
RE: Religare Health Trust (IPO)
(19-10-2012, 08:44 PM)Nick Wrote: RHT closed at 81.0 cents. It own operational and income generating assets unlike its peer Indiabulls so the probability of meeting its DPU guidance isn't low.

Looking at pg 37 of the Prospectus,

FY 2013 (annualized)

Guided DPU including sponsor waiver: 7.99 SG cents
Real DPU: 5.78 SG cents
Guided Yield: 9.9%
Real Yield: 7.1%

FY 2014

Guided DPU including sponsor waiver: 8.17 SG cents
Real DPU: 5.89 SG cents
Guided Yield: 10.1%
Real Yield: 7.3%

In the long run, INR / SGD rates will play a big role in the Trust performance IMO.

(Not Vested)

Hmmm... compared to a-iTrust on both Gearing and Real Yield, it does look rather attractive for someone who's keen on India exposure. BUT, different types of assets and different Sponsors...

PS. FY13 (Annualised) should be 4ct (in prospectus) x 2 = 8ct? Or you really use the no. of days for 1-Oct-12 to 31-Mar-13 to annualise to get 7.99ct?
=========== Signature ===========
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ,百战不殆 ;不知彼 ,不知己 ,每战必殆 ------------

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