IPO   

Sabana REIT IPO at $1/- to $1.10c

Ha ha, not optimistic, for any IPO's counter at ds moment, esp initial px is above a dollar, as retailers rather go for much cheaper penny stocks which got better potential for up trend liao. Guesses only lah.

teeth53      ( Date: 24-Nov-2010 23:04) Posted: This one got connerstone investors, like so confidant, likely to stay above water on it 1st trading day. So quite. So Un-usual. Cheong Ahh...but dun expect to be better then GLP and ot MIT.

 

This one got connerstone investors, like so confidant, likely to stay above water on it 1st trading day.

So quite. So Un-usual. Cheong Ahh...but dun expect to be better then GLP and ot MIT.

 

Anyone apply? IPO closed. Friday showtime. Sound ex @ $1.05. Another underwater submarine IPO....

 

I'm very curious why you pick Sept11 as you ID ??

 

I scared later the open trading price say SAYONARA! Sinking until no tear to cry!

 

This one like my lover name >>>>> Sabrina !! yeh !!

 

Full page of ad in today newspaper. Open for application: 22 Nov 6pm; Closing date: 24 Nov 6pm (Why 6 pm?) Just wonder why the subscription period so short?

 

Sabana Shari'ah Compliant Industrial REIT: Registered IPO At S$1.05 Per Offering Unit.

22 Nov 2010 17:56

Sabana Shari'ah Compliant REIT is a Singapore-based real estate investment trust established principally to invest in income-producing real estate used for industrial purposes in Asia, as well as real estate-related assets, in line with Shari'ah investment principles. Sabana Shari'ah Compliant REIT will be managed in a manner compliant with Shari'ah investment principles and procedures and will only invest in Shari'ah compliant real estate and real estate-related assets. The initial property portfolio of Sabana Shari'ah Compliant REIT will comprise 15 industrial properties located across Singapore, with an aggregate gross floor area of approximately 3,286,220 sq ft...

: Attachments

 

Good !!!!!

 

joshlai86      ( Date: 21-Nov-2010 10:22) Posted: News already priced into stock. Flyordie      ( Date: 21-Nov-2010 00:04) Posted: Will this new stimulate FreightLink to cheong?

 

 Where  to apply the IPO>?

 

any idea whats their forecast dividend yield and NAV?

 

News already priced into stock.

Flyordie      ( Date: 21-Nov-2010 00:04) Posted: Will this new stimulate FreightLink to cheong?

 

Will this new stimulate FreightLink to cheong?

 

Latest news - Published Nov 20, 2010 (Source - businesstimes.com.sg)

Sabana Reit IPO priced at $1.05 a share, to raise $491m SABANA Shariah Compliant Reit, which owns industrial properties in Singapore, has priced its IPO at $1.05 a share, the midpoint of an indicative range, to raise $491 million, IFR reported yesterday, citing sources. Sabana Reit, Singapore's first Islamic Reit and the largest syariah-compliant property trust anywhere, is offering 605.8 million units in the initial public offering (IPO). It had originally set a price guidance of $1.00-$1.10. The retail tranche of the IPO, which started later yesterday, will close on Nov 24 and the units will begin trading on Nov 26, IFR added. Sabana controls 15 industrial properties in Singapore with an aggregate floor area of about 3.3 million square feet. The manager of the Reit had forecast in a draft prospectus a distribution yield of 8.45 per cent for 2011 and 8.48 per cent for 2012 based on the minimum offer price of $1.00. FIL Investment Management Hong Kong, a unit of US fund manager Fidelity, and Bahrain's al-Salam Bank are among the cornerstone investors that will buy 101.8 million units in the IPO. HSBC is the sole financial adviser for the IPO and is joint global coordinator, bookrunner and underwriter with United Overseas Bank and Daiwa. -- Reuters

correction here. less 101.8m bot up by cornerstone investors

Should read as excluding 101.8m been bot  or invested by cornerstones investors

 

Or from others site.

http://theedgesingapore.com/the-daily-edge/business/22736-singapores-sabana-reit-to-raise-at-least-6058m-in-ipo.html

 

No news yet. Awaiting SGX to announce, good for stagging oni, even they have BBs investors and or cornerstones investor names available. U may help by going to mas/opera site to view ipo-ing.

 

anyone knows roughly which day tis ipo is likely to start trading?

 

also likely how many million units is likely to be available for the retail to apply thru atm?

 

 

 

This one looks good.

 

Sabana REIT files prospectus for Singapore IPO
By Georgina Joseph | Posted: 09 November 2010 1635 hrs

SINGAPORE: Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) plans to raise up to S$696.1 million through an initial public offering (IPO), according to a prospectus it has filed with the Monetary Authority of Singapore (MAS).

Sabana said it plans to sell 632.8 million units, with each unit priced at between S$1 and S$1.10.

If successful, this would make it the first Shariah-compliant listing in Singapore.

The Singapore-based REIT invests mainly in industrial properties in Asia, as well as other real estate-related assets that are Shari'ah compliant.

The initial property portfolio of the REIT will comprise 15 industrial properties in Singapore with a gross floor area of around 3.9 million square feet.

According to agency reports, the roadshows for the IPO will start on Tuesday and the listing is planned for this month.

-CNA/ac