Saturday, June 4, 2016

Frasers Logistics and Industrial Trust (FLT) IPO - All You Need To Know Now

If you are into IPO and have not already gotten the good news, your new potential baby is coming real soon : Frasers Logistics and Industrial Trust (FLT) is expected to launch the biggest IPO since 2013 from next Friday (10 June 2016). 

While I am still waiting for the prospectus to be released, following are the key pointers that I've gathered from the media for this upcoming FLT IPO :

1. It will be managed by FCL (Frasers Centrepoint Limited)
2. It will be backed by 51 Australian properties in Melbourne, Sydney, Brisbane, Adelaide and Perth (the portfolio has an occupancy rate of 98.3% and WALE (Weighted Average Lease Expiry) of 6.9 years.
3. It is seeking around $900 millions from the IPO
4. It is expected to be priced at 85 to 89 cents per unit.
5. The forecast Dividend Yield is 6.9% to 7.1% this year (2016) and 7.3% to 7.5% next year (2017).
6. Some of the cornerstone investors are : Morgan Stanley Investment Management, Lion Global Investors and JF Asset Management.
7. The IPO will be listed in Mainboard and is expected to open on 10 June 2016 (Fri), with listing targeted for 20 June 2016 (Mon).
 
Personally I am into REITS and have keen interest in this IPO. What about you?

Cheers!

19 comments:

  1. Richard, bidding for the IPO or wait after?

    ReplyDelete
    Replies
    1. B: Probably will! And I knew your take too ;-)

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  2. How about the book value? It might seem to many of us that it is good time to unlock value for Australian properties.

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    Replies
    1. Hi Neo,

      Following is what I've extracted from the interim Prospectus :

      On the Listing Date, the Offering Price will be at a premium of [2.8]% to the NAV per Unit (based on the Minimum Offering Price)

      Hope this is of helps...

      Delete
  3. Can use CPF or not?
    If can Then use CPF lol!
    If can not do more homework lol.
    But CPF able IPO not "pow chiat" hoh!
    Caveat emptor!

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    Replies
    1. temperament : IPO can use CPF one meh? Actually I am not very sure myself... lol

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    2. Can not meh!
      Sure can one if our G approve.
      Only no durian pow chiat.

      Delete
    3. temperament : Not too sure about using CPF for IPO but definitely can use CPF once it's starting to trade in the open market lol

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    4. No,not really.
      If IPO not CPF approved, after listing also not approve.
      CPF IPO had applied and succeeded before.
      So approved CPF IPO is usually a hot, hot IPO.

      Delete
    5. Just to clarify, when u said CPF approved, if means we can use our CPF $ to buy right?

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    6. Right!
      Have done it recently for IPO Keppel DC Reit.
      And fortunately it was quite good for stags.
      But I buy it for longer term holding.
      Amen.

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    7. Thanks for the clarification. So can I said that you will be interested to get your hand in this IPO too? Lol

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    8. Up till now,most probably.
      If CPF approved even more probable.

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    9. Cool! All the best and HUAT ah!

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  4. Dont buy first, wait for it to go down then buy cheap. I would like to buy at some 10% to 20% cheaper, otherwise I would not consider it cheap given the current economic condition. BB know where properties are heading, they are passing the babies for retailer to hold.

    ReplyDelete
    Replies
    1. Thanks for the input but what if the price didn't go down beyond the IPO price? Lol

      Delete
  5. i am estimating this durian will be good.
    Stags may make 5 to 10 %.
    Apply at your own risk O. K.

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    Replies
    1. Temperament : Thinks for sharing your view. I also think so but agreed that no durian is pao jiak lol

      Delete
  6. Just my layman pov,
    AUD is at a all time low,affected by china downturn.
    June 23 UK might exit EU,am thinking upon listing on jun 21st,the stock could be down..
    Depending on Brexit or not...
    So am thinking of entering only after listing....and guess this stock is for holding for long...

    ReplyDelete

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