Auld Lang Syne
$JYEU.SG$
Illustrative NAV post-acquistion is 0.82
Current market cap is 1 billion.
LL needs 2 billion to expand.
because I am holding too many shares and the cost of fund raising is likely too high for me, i have decided to sell as much as I like their direction. It has been a pleasant journey for me with LL. Was my favourite and most promising, and they did deliver! well done.
Illustrative NAV post-acquistion is 0.82
Current market cap is 1 billion.
LL needs 2 billion to expand.
because I am holding too many shares and the cost of fund raising is likely too high for me, i have decided to sell as much as I like their direction. It has been a pleasant journey for me with LL. Was my favourite and most promising, and they did deliver! well done.
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102576279 : Haven’t been following.. can give a simple overview of what’s happening?
Huat goldfish OP 102576279 : Lendlease reit gonna buy 100% of JEM which is a fantastic move (JEM is a truly a gem). They would require 2 billion to fund the acquisition (as with any other reit that wants to make any acquisition). But do note the the current size of the entire lendlease Reit on the stock market right now is only half of that 2 billion.
Because I'm holding a substantial amount and because I think there is a chance they need not a small sum from investors to raise money, I have decided to sell as opposed to subscribe to the upcoming potential rights.
In short, great move by Lendlease; if got money, i recommend subscribing to the rights because Jem is a great asset and LL is moving in the right direction to expansion.
If no money for rights, plan ahead now or wait for announcement later on what the rights arrangement is.
Steven Gao : How many rights will be issued to us existing shareholders in your view , and what would be the possible right price ? I also have quite amount of LL in hand . Now thinking the strategy about this one ! Tks
Huat goldfish OP Steven Gao : Really very hard to say bro.. because it's anyone's guess how much they can raise from private placement. But just assuming they manage to raise 1 billion from private placement, this means they still need another 1 billion. There are about 1 billion shares currently being traded right now. So there is a chance for 1 for 1. But I cannot say how High or Low that chance is. Just that got chance. What u can also do is wait for announcement on what the rights like before selling or making a move. For me I'm taking a gamble by selling early.
jOaNe0823 : If there js a right issues/placement, where I can see it in moomoo? and if there is right placement, normally the offer price will be slightly lower than the trading price right?
Steven Gao Huat goldfish OP : Thank you bro for the reply and sharing , I totally agree with you it is not easy to guess the price at this stage . I have accumulated some LL in hand . It is my view Usually rights will be selling at a discounted price . I am thinking of selling 50k at say 84-86 cents price if I am given a chance ( with small profit ) , and keep the rest 100k for getting assigned rights and buy them using the amount collected from the sale . Also intend to apply excessive rights if the price will be right … generally I think LL is a good reit , so will keep on holding it for passive income and potential price raise after this round of expansion …
Steven Gao jOaNe0823 : News paper and LL home webpage also on Sgx portal and as a shareholder you will receive a letter about the details in due course :)
Steven Gao jOaNe0823 : sorry in moomoo u should see it under news
Huat goldfish OP jOaNe0823 : To your second qn: normally yes, to give existing shareholders a benefit (in my own words: I mean gotta thank them for their loyalty ya haha)
jOaNe0823 Huat goldfish OP : Thanks for the reply, may I know how can we subscribe to the placement if there is any? can do via moomoo apps? paiseh coz i just started trading since October, and moomoo is the first and only apps that I'm using for trading, not very sure on a lot of stuffs..![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Will73 jOaNe0823 : I assume you can't.However,ask customer service to be sure.
Steven Gao Huat goldfish OP : Today received letter from LL for EGM on 7 March which staring “the proposed issue of up to 1.265,346,000 new units under the equality fund raising “ . Assume this amour of new units are to be assigned to existing shareholders , or including private placement ? Any comments is appreciated !
Huat goldfish OP Steven Gao : That's one billion shares. They need two billion dollars. I don't know how much of their cash flow or other money sources they gonna tap into so Im really clueless in how the rights gonna be like. But I saw in the early announcement they illustrated the NAV as 0.82
102252437 : maybe buy back in now ?
Huat goldfish OP 102252437 : If u can get rights, it's a good deal. Each share approx 7 percent yield (which is quite high) for 100% JEM (u go recce; it's a cash cow) and 313
Huat goldfish OP 102252437 : Now not bad also. Hard to time the bottom. But if u got a long time line, the trend I foresee is up