After change manager.. he announce Ireit investment mandate will expand across Europe (Now germany only).. hint 1

Management company, is a PE real estate investor, have lots of other assets to in Europe "dispose" hint 2

Then got a few more times says looking into "industrial, commercial property opportunity across europe".. hint 3

Also DER, or gearing is already above 40% .. not a healthy ratio for a trust.

why you think the price is stagnant ..



This post has been edited by gark: Oct 26 2017, 01:47 PM

E commerce warehouses are configured different than normal warehouses. They are catered for smaller items, but lots of different items. They also have fast/automatic/robotic goods retrieval and packaging section. These warehouses also includes a small office on site, and loading section for small parcel delivery company.

The auto racking system, goods retrieval and packing sections will consume much more capex than normal warehouse.

Advantage is.. there is higher demand for e-comm warehouses compared to normal warehouses.

Lazada warehouse in indonesia..




This post has been edited by gark: Oct 27 2017, 08:45 AM

Yes, partially about 30% of their asset.

Other 30% is for specialty warehouse, humidity and temperature controlled to store wine and tobacco products.

They have river ports for steel transport and warehousing too.

This post has been edited by gark: Oct 27 2017, 09:47 AM

I just checked.. EC REIT which is focused on e-comm warehouse CEO is also Alvin Cheng.. what is this?

1 person = 2 CEO position.. or both same company/owner?

This post has been edited by gark: Oct 27 2017, 09:43 AM

See the sponsor name, already want run far far away..

Not minority shareholder friendly..

This post has been edited by gark: Oct 27 2017, 03:19 PM

Details already in... trading ETF and derivatives/options based in Malaysia have zero stamp duty..

Not much choice of the above activities unless one wants to trade FCPO.. FKLI..

I would support if they can offer more ETFs... even SGX ETF choices sucks..

This post has been edited by gark: Oct 30 2017, 08:39 AM

True.. except for the 30% tax..

Nooo.. dont come to bursa.. primary reason we invest in SGX is for currency diversification. Like keeping gold against a currency..

Anyway Bursa dont allow USD or other currency traded .. only in MYR.

Here..

https://eservices.mas.gov.sg/opera/Public/C...bc3fb1378372f18







This post has been edited by gark: Nov 1 2017, 08:53 AM

Got it on 25 Oct..

Submit to your accounts rep.. from your broker

Due to repayment of member's deposit...

Means more people cancelled their golf member compared to those joined...

High DPU previously was unsustainable, because part of DPU paid consists of member's deposit.. ie. not REAL earnings.

This year is going to be ugly.. total 2.65 billion yen in membership deposit redemption, 1H already paid 1.345 bil Yen.

Also higher tax, previous DPU was paid including tax refund.. now no more refund, and have to pay more tax, double whammy

Also interest rate deferment, and upfront fee to roll over loans 383 million yen.

At 73 cents per share, management project only 7.2% yield for this year.. I would say that is very poor..

Smells a lot like financial engineering...now coming home to roost..

http://accordiagolftrust.listedcompany.com...24ZENF0EV.2.pdf

This post has been edited by gark: Nov 14 2017, 10:41 AM

Can buy... but buy at good price. But remember 2H.. will not be pretty..



This post has been edited by gark: Nov 14 2017, 10:45 AM

Lol.. where did you read 11%.. never trust these nonsense announcement

Warning : Financial engineering to the extreme!!

Distribution with waiver : 2.23 cents
Distribution without waiver : 1.01 cents.

Yield with waiver : 11%.. without waiver ~5%

Waiver is that the sponsor (majority shareholder) of the property, waive the income distrbution and give to minority shareholders. This year will waive 100% and will reduce by 25% per year until 0%.. which is the actual DPU..

Well still got a few years to go before the waiver goes to zero, but i expect the DPU to fall yearly.. so will the price. So up to you if you want the yield..

http://dasintrust.listedcompany.com/newsro...Y2017_FINAL.pdf

http://dasintrust.listedcompany.com/newsro...G49APYV64.3.pdf

This post has been edited by gark: Nov 14 2017, 11:02 AM

Remember.. stock price will reduce too with the DPU reduce..

IHH Berhad will acquire Fortis Healthcare and in turn will acquire all remaining shares in RHT Trust.

Consideration proposed is worth about SGD 1.15 per share. 30 Days to come to agreement or the offer will lapse.

Dammit another lost passive income.



This post has been edited by gark: Nov 15 2017, 08:45 AM

Edit..

This post has been edited by gark: Nov 15 2017, 09:03 AM

Kena q jumped at open...

So have to q at higher prices..

Almost 4 million shares buy order q jump me...straight away bid 3 cents above my bid at last 2 seconds before open..

Wonder which silent reader..

This post has been edited by gark: Nov 15 2017, 09:20 AM

At first look, it might be 1.15.. but the term sheet is written in horrible twisting lawyer burok english mention, AFTER paying the debts.

This will work out to be about 95 cents only. That's why the price went nosedived later in the evening.

However the consideration is $966 million BUT if only net asset exclude debt it is worth $1033 million, lower than the consideration.

So it does not make sense for offer price to minus off the debt.

We shall see some clarification in a few days time.