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IPO Prospectus lodged on 17-Jul-13
INDICATIVE OFFERING TIMETABLE
Public Offer Starts 17 July 2013, 6:00 p.m.
Public Offer Ends 22 July 2013, 12:00 noon
Listing on the SGX-ST 24 July 2013, 2:00 p.m.
Offer Price : $0.90
NAV = $0.89
Aggregate Leverage = 27.3%
DPU / Yield
FY13 (Aug) = 2.51ct (1-Mar-13 to 31-Aug-13 ; Actual Payout will be prorated from Listing date) ; Annualised Yield = 5.58% (with Income Support) / 5.35% (if no Income Support)
FY14 (Aug) = 5.21ct ; Yield = 5.79%% (with Income Support) / 5.58% (if no Income Support)
Shareholders
SPH 72.2% / 70% (if over-allotment option exercised)
NTUC Income 2.7%
NTUC Fairprice 2.7%
Cornerstone 10%
- GE Life
- HL Asset Bhd
- MS
- Newton
- Norges bank
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Balloting Results
The Placement Tranche
Indications of interest were received for approximately 9.4 billion Units under the Placement Tranche, resulting in the Placement Tranche being approximately 42 times subscribed based on the 224,902,000 Units available under the Placement Tranche.
The Public Offer
As at the close of the Public Offer at 12.00 noon on 22 July 2013, there were 71,190 valid applications for the 83,982,000 Units available to the public for subscription. In total, these applicants applied for approximately 2.1 billion Units. Based on the aforesaid, the Public Offer was approximately 25 times subscribed.
Based on the 308,884,000 Units under the Offering (assuming the Over-Allotment Option is not exercised), the valid applications received under the Public Offer as at the close of the Public Offer and the aggregate indications of interest received under the Placement Tranche as at the close of the book-building exercise, the Offering is approximately 37 times subscribed.
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Wakao! Only kanna 4 lots, not worth to sell! Keep in safe forever...
The thing about karma, It always comes around and bite you when you least expected.
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23-07-2013, 09:25 PM
(This post was last modified: 23-07-2013, 09:25 PM by safetyfirst.)
haha i got 3 lots, i am also wondering whether i should keep or sell? haha
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23-07-2013, 10:32 PM
(This post was last modified: 23-07-2013, 10:34 PM by Temperament.)
Come tomorrow listing at 2.00pm if i am not wrong, i think there will be a lot of B/S. And the closing price should be around 95 cents. Will i buy? NO. It seems i am allotted 2 lots only. My wife got none.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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both cash and cpf unsuccessful ... 
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23-07-2013, 10:39 PM
(This post was last modified: 23-07-2013, 10:42 PM by WolfT.)
(23-07-2013, 10:32 PM)Temperament Wrote: Come tomorrow listing at 2.00pm if i am not wrong, i think there will be a lot of B/S. And the closing price should be around 95 cents. Will i buy? NO. It seems i am allotted 2 lots only. My wife got none.
Uncle Temperament, can hit above $1 lar... tikum for fun, earn some pocket money also not bad.
If cannot sell keep for dividend also not bad.
My first REIT venture...but i still stay away from reits....
The thing about karma, It always comes around and bite you when you least expected.
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(23-07-2013, 10:39 PM)WolfT Wrote: (23-07-2013, 10:32 PM)Temperament Wrote: Come tomorrow listing at 2.00pm if i am not wrong, i think there will be a lot of B/S. And the closing price should be around 95 cents. Will i buy? NO. It seems i am allotted 2 lots only. My wife got none.
Uncle Temperament, can hit above $1 lar... tikum for fun, earn some pocket money also not bad.
If cannot sell keep for dividend also not bad.
My first REIT venture...but i still stay away from reits.... 1$ or plus is possible if the public are sold on the frenzy of 42 times over subscription by cornerstone investors. In fact to me, i feel suspicious why so hot. It's really too hot to feel comfortable though CM and PARA are good properties. Besides, more unfavourable opinions by retail investors then favourable.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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UOBKH analysts' report extract,
Valuation range. SPH REIT offers a forward yield of 5.8% in 2014F. Comparable retail S-REITs, such as CapitaMall Trust and Frasers Centrepoint Trust, are trading at forward yields of 5.4% and 5.5% respectively. At 5.4% and 5.5% forward yields, SPH REIT would be trading at S$0.97 and S$0.95 respectively.
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