The Bull Hunter
2022-03-23

$Lendlease Global Commercial REIT(JYEU.SI)$Generally price drop after every rights issue anncouncemt because # 1, shareholders have to fork out additional funds to buy more units and #2, their holdings get diluted anyway irregardless they get the rights or not. This is the same with the recent few PO like Sembcorp Marine, Ascendas, Mapletree Industrial. So I would say wait until the last few days and see how much the open market price goes. If price is higher than $0.72, then go for it. If price is lower,then get it from the open market. However do takenote that there is a gap of a few trading days before the PO exercise closes till the entitlement. 

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Comments

  • Ronchan
    2022-03-24
    Ronchan
    Best time to buy….
    • The Bull Hunter: 
      Indeed. The drop was like for one day! Thanks to the morning government annoucement.
  • KCSUO
    2022-03-24
    KCSUO
    Wonder how its europe assets are faring
    • The Bull Hunter: 
      I think they have office assets in Italy and UK. The risk exposure to the Russia Ukraine conflict is not so signifi cant
  • mikeong
    2022-03-23
    mikeong
    if we buy right it is okay?
    • mikeongReplyThe Bull Hunter: 
      thanks
    • The Bull Hunter: 
      Yes. You can buy but woule suggest to wait till near the closing date to see if its worth. Should price fall below $0.72, then better wait and buy from the open market.
  • ElvisMarner
    2022-03-23
    ElvisMarner
    Is this a real estate related fund?
  • Vandaluus
    2022-03-24
    Vandaluus
    Counter is lucky that the rights coincided w the country's re-opening. Mapletree Logistics is still struggling around placement price.
  • MortimerDodd
    2022-03-23
    MortimerDodd
    I first heard about Lendlease Global Commercial REIT.
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