Author: Mr. IPO

Far East Hospitality Trust (Preview)

I took a quick glance at the draft IPO prospectus. Just the structure alone, its is much better than the Ascendas Hospitality Trust where all the hotels are parked under the Hotel Reit and not under the business trust. According to the email, the price will range from 86c (6% annualised yield) and 93c (6.5% annualised yield) for FY 12E. The presence of reputable cornerstone investors are also very reassuring and it will be them who will dictate the pricing. CDL H-Trust is trading at 5.7% yield and Ascott Residence Trust is trading at 7.2% yield. In this regard,...

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Heads up – Far East Hospitality Trust

Received this email from my OCBC broker yesterday. Need to do some homework this weekend.  Dear All We are pleased to announce the Initial Public Offering of Far East Hospitality Trust on SGX-ST (the “IPO”).    OCBC Bank is one of the four Joint Bookrunners and Underwriters for the IPO. The other Joint Bookrunners and Underwriters are Goldman Sachs, HSBC and DBS. Do contact me if you are keen in indicating your interest in the IPO of Far East Hospitality Trust on SGX-ST. The order books for Far East Hospitality Trust placement tranche are now open. Indicative book closure...

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IPO Performance Table

Dear readers, I am pretty heartened to receive email queries on why my ‘calculations’ on the performance table seemed to be wrong and asked if i have either received special commission rates or have calculated wrongly. Let me just clarify that: The commission i pay is minimum $40 or 0.4%. The reason why i pay $40 commission is because i prefer to maintain some goodwill with some brokers and route some IPO trades through them.  For other times when i trade online, the commision may be minimum $28 or 0.275% etc.  Rather than tracking the commission separately, my table...

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