Frasers Property (formerly: Frasers Cpt (FCL))

[CityFarmer]

It is my honour to start a new thread on the stock, and post its virgin announcement...

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Please note the following: -
1. The above shares will be granted listing and quotation on the Official List of SGX-ST. Trading in Frasers Cpt shares will commence on "Ready" basis with effect from 9.00 a.m., Thursday, 9 January 2014.
2. The short and abbreviated names are "Frasers Cpt" and "FCL" respectively. The ISIN Code is SG2G52000004.
3. The shares will be quoted in board lots of 1,000 shares. Settlement for trades in the Company's shares will be effected by book entries in the securities accounts which buyers and sellers must maintain with The Central Depository (Pte) Ltd ("CDP").
4. Please note that a temporary trading counter for trading in board lots of 100 Frasers Cpt shares will commence with effect from 9.00 a.m., 9 January 2014 for one month. The HP short name and abbreviated name for the temporary counter will be "Frasers Cpt 100" and "FCL 100" respectively.
5. The temporary counter will cease trading in the "Ready" and "Unit-Share" markets with effect from 10 February 2014. Trading in the Buying-In market for the temporary trading counter will continue until 12 Februay 2014. The temporary trading counter will be delisted on 13 February 2014.

Ref: http://infopub.sgx.com/FileOpen/FCL.ashx...eID=270120

[toiletsiao]

The latest NAV of FCL is 2.12

Please see attached the Company’s full year results for the financial year ended 30 September 2013 (the “FY2013 Results”), which was previously announced by Fraser and Neave, Limited (“F&NL”) on 12 November 2013.

In respect of paragraph 7 of the FY2013 Results, the Company wishes to note that on 25 October 2013, the Company issued, and F&NL subscribed for 330,000,000 new ordinary shares, and the Company redeemed all the redeemable preference shares held by F&NL in the Company; on 23 December 2013, the Company issued and F&NL subscribed for an additional 1,806,520,790 new ordinary shares for $670 million (together with the subscription on 25 October 2013, the "Capitalisation").

As disclosed in the FY2013 Results, the net asset value per ordinary share for the Group as at 30 September 2013 was $6.80. Purely for illustration purposes, based on the issued ordinary share capital of the Company of 2,889,812,572 following the completion of the Capitalisation, the net asset value per ordinary share for the Group would have been $2.12.

[wizguy84]

Hi. need the buddies' help in understanding this circular:
http://www.fraserandneave.com/library/FN...6Dec13.pdf

does it mean that FCL shareholders are entitled to a $50mil dividend? so FCL once listed will be trading cum-dividend? just that the dates of going ex is still unknown?

Thanks much!

[ngcheeki]

Hi. need the buddies' help in understanding this circular:
http://www.fraserandneave.com/library/FN...6Dec13.pdf

does it mean that FCL shareholders are entitled to a $50mil dividend? so FCL once listed will be trading cum-dividend? just that the dates of going ex is still unknown?

Thanks much!

Yes, FCL shareholders will be entitled the dividend of $0.0173 per share. The Ex-Div date if I'm not wrong will be 4th Feb 2014 and payment date for dividend will be on 18 Feb 2014.

http://infopub.sgx.com/Apps?A=COW_Corpor...s237NLwGSo

[ngcheeki]

   

The latest NAV of FCL is 2.12

Thank for your updates .

Based on the information published on yesterday evening, the following is the number for FCL. Please do you due diligence.


Latest
Total equity($'000) $6,131,956.88
Total Number of Shares('000) 2,892,432.49
NAV $2.12

FY2013 Numbers
Total equity($'000) $5,451,086.00
NAV $1.8846
Price ???
Debt/Equity 66.99%
Cash (S$'000) $506,784.00
total Debt $3,651,767.00
Net Debt(S$'000) ($3,144,983.00)

Attached is the numbers for FCL peers for comparison.

If FCL trades in the same league of Keppel Land and Capital land, the price to book should be around 0.8 or S$1.70

[felixleong]

sorry guys
do u all have the link to see FCL's factsheet or annual report?

[toiletsiao]

sorry guys
do u all have the link to see FCL's factsheet or annual report?

http://infopub.sgx.com/FileOpen/FNL-28Oc...leID=19689

[ngcheeki]

sorry guys
do u all have the link to see FCL's factsheet or annual report?

No AR but FY2013 result. The following is the link.

http://infopub.sgx.com/FileOpen/4Qtr-FCL...eID=270226

[felixleong]

sorry guys
do u all have the link to see FCL's factsheet or annual report?

http://infopub.sgx.com/FileOpen/FNL-28Oc...leID=19689

thanks man

[felixleong]

Currently trading at $1.52, looks pretty cheap.

If can get at 1.40 would be like 0.75 PB, a very decent margin of safety for such quality assets


any view?