It has been a busy year for REIT managers. On one hand, they had to manage the impact of Covid-19 and on the other, a handful of the REITs had acquired more properties and raised money from unitholders. Why are they looking to expand during this period? Before we answer that, let me bring you … Read more
It has been an eventful week. Besides the US election and Ant‘s failed IPO, we saw the 160-year old Robinsons closed the two remaining outlets at The Heeren and Raffles City. The departmental store is undergoing a liquidation procedure currently. The younger generation has no recollection or attachment to Robinsons. But my parents’ generation does. … Read more
An important consideration for a retail investor is the question of how to keep your portfolio safe against a future downturn. One approach that I find dubious is to keep an eye on political and economic events and sell the portfolio before the foreseen event were to happen. The pandemic taught us that such an … Read more
Frasers Centrepoint Trust (SGX:J69U) (FCT) unitholders take note – there is a Preferential Offering ongoing and it requires action from you! Here’s a quick write-up to bring you up to speed. What is a preferential offering? A preferential offering is also known as a non-renounceable rights issue. This means that the rights cannot be sold … Read more
It is no surprise that retail investors generally dislike rights issues. Every rights issue typically pushes passive investors into making decisions for themselves and creates a rush to look for liquidity. In this article, I will pen my thoughts on how retail investors can think about rights issues, using the recent IREIT renounceable right issue … Read more