Frasers Property (formerly: Frasers Cpt (FCL))

[piggo]

Haha... For what it's worth, SG retail bond market is insatiable.

It wouldn't be smart to do placement with the crappy share price... Anyway, I'm quite comfortable with their debt levels which I feel is manageable. The nearest comparison should be kepland? Which is priced at similar levels but have assets in much riskier countries. That said shorting property counters (not just FCL) seems like a good way to make some dough these days

[greengiraffe]

Good luck,

You should have come clean earlier... dun need all these patterns.

I m seasoned enough to know your intentions.

GG

Currently big boss still owns 88% of FCL resulting to a very low public float

I think its more likely for him to do a private placement so as to expand the public float, rather than taking on more debt which could give pressure on earnings.

Heavily Short on FCL

(well you can keep promoting this stock when you are long and speak of the positives, I can speak of the negatives as much as I want since I am short on this stock ^_^)

[I_love_girls]

I feel that in the long term, shareholders of this stocks will huat! FCL is expanding its portfolio. I guess we would have to wait quite long to see the desired price. Short term shortists will huat

[Contrarian]

Agree that GG has done a lot of homework. And the details are factual.

Either the detractors do not believe, or trying to talk down the stock to buy it.

- FCL has almost S$2bn unrecognised revenues from its sales.
- And it has taken to HWNI bonds to raise loans which is less rigid than bank loans.
- Charoen himself sold 30M shares to create some liquidity (or he may use it to bid for UE then)

The fact that he owns 88% tells me he will do as much as possible to deliver value for himself. THere is no logic for him to destroy his own company.

Kindly justify your statement as to why they can't raise debt anymore?

Are you the banker and financier that is overseeing a company's debt level.

I think you should still be more specific.

In volatile times like these, I think to make such hawkish statements has plenty of unnecessary intent. Everyone needs to have a cool and clear mind to form informed judgement based on quoted facts.

One liners IMO does nothing.

I have work hard to source information from all over the world to share with buddies. However, I m personally irritated by the fact that there are individuals that do not wish to use them and conveniently continue to hide behind the freedom of internet to post comments that can be verified with a little work and time. I think this should be the spirit of a constructive forum.

Everyone deserves respect. However to have that respect, I think one should justify by earning it.

One can be bearish and bullish but always justify your position. That is the very least that I learnt from my angmo research head about 20 years ago.

If you can't justify your statement, please do not shoot from the hip and waste others time and let yourself down.

I m sorry to be blunt here but really we should be contributing positive. If one make a mistake due to error, it is forgiveable. However, if you are abusing your rights as an individual to have a go at someone simply because its personal, then its all there for people to judge.

GG

FCL is currently highly geared, they can't raise debt anymore
for any future expansion, a rights issue or private placement can be very possible

[greengiraffe]

Hi Buddy,

Thanks a lot. I value honourable folks. Folks that are hardworking.

I always tell my kids, have to work hard and don't depend on luck as luck can only carry you this far.

Fundamentals have to be strong. Only hardwork suffice. No amount of PR will change the fundamentals of companies.

We have live long enough to differentiate between builders of business and stock operations. Real business will withstand the test of times. Buffet is a good testification of real business even if the markets are closed.

Banker Wee is one classic poster boy in Singapore's corporate scene. Even now Jr Wees have all come good despite initial concerns when they stepped up.

We need positive energy not negativities. Being constructive and hardworking is the way forward and only positive folks will appreciate positive folks. That to me is good Karma.

I have lost big before and hopefully will be able to steer through storms again and truly be called a storm rider. Last thing I want is to lose integrity as I want to be fit to be a gentlemen.

Cheers
GG

Agree that GG has done a lot of homework. And the details are factual.

Either the detractors do not believe, or trying to talk down the stock to buy it.

- FCL has almost S$2bn unrecognised revenues from its sales.
- And it has taken to HWNI bonds to raise loans which is less rigid than bank loans.
- Charoen himself sold 30M shares to create some liquidity (or he may use it to bid for UE then)

The fact that he owns 88% tells me he will do as much as possible to deliver value for himself. THere is no logic for him to destroy his own company.

Kindly justify your statement as to why they can't raise debt anymore?

Are you the banker and financier that is overseeing a company's debt level.

I think you should still be more specific.

In volatile times like these, I think to make such hawkish statements has plenty of unnecessary intent. Everyone needs to have a cool and clear mind to form informed judgement based on quoted facts.

One liners IMO does nothing.

I have work hard to source information from all over the world to share with buddies. However, I m personally irritated by the fact that there are individuals that do not wish to use them and conveniently continue to hide behind the freedom of internet to post comments that can be verified with a little work and time. I think this should be the spirit of a constructive forum.

Everyone deserves respect. However to have that respect, I think one should justify by earning it.

One can be bearish and bullish but always justify your position. That is the very least that I learnt from my angmo research head about 20 years ago.

If you can't justify your statement, please do not shoot from the hip and waste others time and let yourself down.

I m sorry to be blunt here but really we should be contributing positive. If one make a mistake due to error, it is forgiveable. However, if you are abusing your rights as an individual to have a go at someone simply because its personal, then its all there for people to judge.

GG

FCL is currently highly geared, they can't raise debt anymore
for any future expansion, a rights issue or private placement can be very possible

[Contrarian]

My key concerns on this company:

1. Dividend Yield
I hope he pay out as much profit as dividends and use some to reduce FCL debt.

2. Debt reduction
I hope he will quickly sell the development properties in Australia.

3. Board composition
Around half of his Thai team on board. THis is not good for long term, even if he does the right things

4. Liquidity
Hopefully he delivers, drives up share price and wins supporters to get institutional shareholders.

FCL's FCT, Retail REIT and Hotel REIT are all very well run... I would say CEO has done a good job.

[CityFarmer]

I have split the moderation related posts into a separate thread in Other sub-forum. The move is to allow this thread continue with its company related discussion. Please take note.

Regards
Moderator CF

[greengiraffe]

http://infopub.sgx.com/Apps?A=COW_CorpAn...be991a31b6

Final results due out before market opens on Thursday 13 Nov 14

[greengiraffe]

Cockburn coast coming of age

Dan Wilkie
834 words
14 Oct 2014
Business News
WABN
English
© Copyright 2014 Business News Pty Ltd.

Residential development along the Cockburn coast is continuing at pace, with fresh apartments and retail projects emerging at Port Coogee and South Beach as the oceanside enclave evolves.

The first apartment buildings at Port Coogee's Marina Village, by TRG Properties and Match respectively, are expected to be completed before the end of the year.

TRG's Ocean Edge project comprises 101 dwellings over six storeys, while Match's Helm at Port Coogee will comprise 34 luxury, one, two and three-bedroom apartments over four levels.

TRG is also facilitating pre-sales for its nine-storey, 109-apartment Marina Edge apartment project, which has a construction value of $33 million and was approved for development in January this year.

Cameron Chisolm Nicol designed both TRG projects.

Australand WA residential general manager Tony Perrin said he expected the projects to complement the developer's $900 million Port Coogee Marina and residential estate.

Mr Perrin said about 230 housing lots remained to be sold at Port Coogee, while apartment projects by Australand and other developers would add a further 1,000 dwellings to the area over the next five years.

He said the arrival of coffee franchise Dome had also provided significant vitality to the area.

"The market is maturing down there, there are a lot of residents now living in Port Coogee and the atmosphere is far more engaging than it was two years ago," Mr Perrin told Business News.

"With the additional residents moving into those apartment projects we'll see a real change in the level of patronage and people around the project, which will really start to demonstrate a lot more of a vibe and community feeling."

Mr Perrin said the next step was the construction of the Port Coogee Shopping Centre, which was approved last month by the metropolitan south west development assessment panel.

The 4,431 square metre centre has signed Woolworths as its anchor tenant, while a leasing campaign to fill out its speciality shops was under way.

The leasing campaign is being undertaken by Lease Equity, with 14 tenancies available.

Australand appointed Colliers International last month to sell the centre through an expressions of interest campaign, in accordance with the company's develop-and-sell strategy for retail projects.

"The centre will inject the foundation of the retail and food and beverage offering within the location and anchors the village centre for the foreseeable future," Mr Perrin said.

"It provides the convenience retail amenity that the place has been designed on."

Construction of the shopping centre is expected to begin early in the new year.

Port Coogee will also be boosted in coming years by the proposed redevelopment of the heritage-listed South Fremantle Power Station.

While still in the fledgling stages of planning, the proposed redevelopment will provide a tangible link between Port Coogee and South Beach.

The City of Cockburn released a master plan for the revitalisation of the decrepit building in July this year.

The plan, which was developed by architecture firm HASSELL, calls for five-storey apartment buildings located close to the power station, which would be complemented by three-storey walk-up apartments to provide a diversity of housing stock.

Low-rise housing developments limited to two and three storeys have been flagged for the south of the site, while the power station itself will be retained and redeveloped to complement the surrounding precinct.

Residential development will be largely focused on the eastern portion of the building, while a commercial, retail, hospitality and tourism precinct has been proposed for the station's turbine hall.

In total, the power station plan calls for more than 900 dwellings and a diverse mix of retail and commercial uses.

Further up the coast near South Beach, the metropolitan south west DAP earlier this month approved another apartment project for construction.

As reported online by Business News last week, Pilbara Metro Development's proposed $8 million, 27-dwelling building on Endersby Close will comprise four one-bedroom apartments, 21 two-bedroom units and two penthouses over five storeys.

In its meeting agenda, the DAP said the proposal would feature a strong urban edge that would provide a high level of activation and interaction with adjacent streets, as well as future public open space at the rear of the site.

The project will be located a little up the coast from Port Coogee in the South Beach Village precinct, close to a pair of lots that have been approved for multiple dwellings and two-storey townhouses.

The approvals allow for 10 townhouses and 42 apartments on the adjacent lots, which are located on O'Connor Close.

Meanwhile, commercial real estate agency Knight Frank recently listed a 1.49-hectare property between South Beach and Port Coogee for sale.

The site's zoning allows for a five-storey apartment development.

Knight Frank managing director John Corbett said the property would also significantly enhance the link between South Beach and the Port Coogee Marina.


Business News Pty Ltd

Document WABN000020141015eaae0002t

[greengiraffe]

Living on the dock of the bay


SUE WILLIAMS
991 words
18 Oct 2014
The Sydney Morning Herald
SMHH
English
© 2014 Copyright John Fairfax Holdings Limited. Factiva.Gateway.Messages.Archive.V1_0.ELink
NEW HOMES

A flurry of waterside apartments are being built all around Sydney's bays.

Forget Pamela Anderson and David Hasselhoff. The stars of the modern-day Baywatch are a series of new apartment buildings being erected at bays all around Sydney, giving their owners easy, and affordable, access to the water. Take the 138 Bates Smart-designed apartments and 13 terraces being planned on the bay at Five Dock. Called Bosco, and set over five low-rise buildings, it is on the site of the old local bowling club, adjacent to Storey Park with views of Canada Bay, and to be surrounded by six metres of green landscaping.

"Certain apartments will have good views, starting from level two," says Grant Flannigan, development director of EG Funds, which is launching the homes for sale next weekend. "And for everyone, it'll be only a short walk - one city block - to the water's edge.

"I've done lots of developments on various rivers and bays around Sydney and demand is always strong from purchasers. Water is a strong attraction, but developments also have to be in the right location with the right fundamentals, like also being close to a shopping centre, transport and parks."

Discovery Point at Wolli Creek on the Cooks River, is another of these developments. Over the past two to three years there have been almost 1000 sales there, says Nigel Edgar, general manager of developer Australand's NSW residential division.

"People undoubtedly like being close to water," says Edgar, who's just about to launch the latest building of the masterplanned complex, the 18-level, 162-unit Vivid.

"For many, it's a trade-off. If you're going to live with a lot of other people in some form of density then you're going to want good access to open space like grounds and parks, especially if it's by water, like the Cooks River, with all its walking tracks throughout the area. Vivid's sister building, Pavilion, just sold out, with first-home buyers making up more than 20 per cent of buyers, so clearly there's a good level of affordability there too."

Vivid, designed by architects Group GSA and sited right on the Village Square precinct with its landscaped gardens, cafes, restaurants and shops, will offer a selection of one-, two- and three-bedroom apartments with flexible living spaces just a five-minute walk from the water.

Further west, at Homebush Bay, is another new building to launch next weekend. Two streets away from parkland that leads directly to the Parramatta River, Charlene's Tower is a 12-storey block designed by GM Architects, containing just 72 apartments, all with parking, crowned by a rooftop garden and with a base of retail.

"It's a very good area to be in," says Charlie Challita, of developers I Know Developments. "There is a lot of demand from people who want to live around there because it's so close to Homebush, Olympic Park, the markets, and all the cafes and restaurants. The area is really changing."

The tower, named after Challita's nine-year-old daughter - her three older siblings all have other buildings named after them too - will have panoramic views sweeping from the CBD in the east, across the Sydney Olympic Park to the Blue Mountains in the west. "People do like to live near a bay," he says. "Often they have so much parkland as well as the water."

Bosco, corner of Great North Road and McKinnon Avenue, Five Dock

There will be 50 one-bedroom apartments (55-60 sq m) from $600,000; 74 two-beds (70-90 sq m) from $760,000; 14 three-beds (96-107 sq m) from $1.1 million; and 13 three-bed terraces (120-137 sq m) from $1.35 million. Completion is due early to mid 2016. boscofivedock.com.au, 1800 99 12 11.

'I just love living close to the water'