Why a $0 88 IPO falls to$0.68 after its IPO on 24sept2019
#1
[Image: 961746.jpeg]

OCBC said Friday its deemed interest in Lendlease Global Commercial REIT fell to 10.912% from 11.111% after the disposal of 2.32 million shares.

https://shentonwire.net/2019/11/15/ocbc-...eit-falls/
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#2
After 2019 IPO
https://www.theedgesingapore.com/news/co...ubstantial

Lion becomes *meow meow* cat
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#3
What they said in 2019
OCBC TREASURY RESEARCH
Asian Credit Daily
Credit Headlines
Lendlease Group (“LLC”) | Issuer Profile: Neutral (4)
 LLC is looking to list a new REIT on the SGX, namely Lendlease Global Commercial REIT. According to
the prospectus lodged, the objective is to raise ~SGD1.0bn in gross proceeds including through IPO
(SGD341.0mn), a placement tranche (SGD399.3mn) and subscription by Lendlease Trust
(SGD280.0mn).
 The REIT portfolio will have an appraised value of SGD1.4bn, which includes [email protected] (a retail
property) in Singapore for SGD1.0bn and Sky Complex (comprising three office buildings) in Italy for
SGD0.4bn. We note that LLC held 25%-interest in [email protected] while the vendor of Sky Complex is
a third party.
 As mentioned in LLC earnings review, we think the listing of the REIT is a credit positive. We may look
to upgrade LLC’s Issuer Profile upon the completion of sale of its Engineering & Services business.
(Company, Lendlease Global Commercial REIT, OCBC)
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#4
这个信托是不是only a gambling chip?
https://youtu.be/x2RzkFcuy_U
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#5
And what's it's parent lend lease in Australia did to this REIT?
https://youtu.be/C3OObGb_TWE
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#6
chartist kao how come suddenly come here
while all those time missing
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#7
Former Argentina football captain Diego Maradona has said that US President Donald Trump is a 'cartoon', while his Russian counterpart Vladimir Putin is a 'phenomenon'. Speaking about Trump, Maradona said, "Every time I see him on TV, I switch the channel." Meanwhile, for Putin, the Argentine said, "Putin is a man who can bring peace to many in this world."

https://inshorts.com/en/news/donald-trum...9088010161
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#8
Reits leverage up to 36% debt.
At point of listing property worth 1.4B.

If the value of assets fell by 15% the valuation of the reits would fall by 20*%....due to the debts taken.

Given Covid19 impact on office and retail it looks about right.

Cannot lament below IPO price when IPO launched there was no covid no recession.
I, being poor, have only my dreams;
I will do my utmost to keep them alive.
Against tyrants and adversity, I will strive.
Together, a better future, we will realise......
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#9
Lend lease is another Low grade Reits.... only sgbluffer who said he hates reits , likes to promote it. And of course that Zha0 ah kua who always picks the wrong REITs and tries to blame the whole world for his few hundred $ loss.
My info are from coffee shops. My stories are imaginary, even if they turn out true.
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#10
The “losers & suckers” statement on dead military heroes has been proven to be a total fabrication and lie. IT WAS NEVER MADE! The “anonymous” fabricator, who is a major sleaze*, went forward with the lie despite 25 strong witnesses to the contrary. Welcome to the roaring 20’s!
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