I have previously written a post on Netlink NBN Trust over the weekend. This is the updated post based on its registered prospectus and i will just highlight some of the updates made but the primary analysis and chilli ratings remained unchanged. You can find the prospectus here.
The final pricing is fixed at $0.81 and the offer will end on 17 July 2017 at 12pm and starts trading on 19 July 2017 at 3pm. 🤔 Why 3pm..... did they consult a fengshui master or are they trying to limit first day selling?? There will be 185m shares for the public and the balance 2,713m shares will be done via placement. The Manager also has an over-allotment option of another 123.456m units. The market cap will be S$3,129.8m assuming the over-allotment is not exercised.
Assuming the over-allotment is exercised, then shareholding held by Singtel will fall from 24.99% to 24.23%
The final prospectus seemed to tell the story of "growth better" as it showed the possible growth from a study by MPA in the different business segments.
My Chilli Ratings
Remained unchanged at one chilli. Apply only if you like it. There are 185m shares on public offer (similar to HPT), so you should be able to apply and get some shares from the ATM.
Polling (as of 10 July 2017 11pm)
As of 10 July 2017, 545 have voted and 46% of you have voted "Yes". Please feel free to vote if you have not already done so.
Happy Netlinking! 😀