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 STOCK MARKET DISCUSSION V134, CI step into 1800, are you happy?

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Boon3
post Jul 24 2013, 09:58 AM

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QUOTE(Babablacksheep @ Jul 24 2013, 09:47 AM)
IGBReit attractive price now (comparing historical chart)
*
?

This is IGBReit chart since listing.

user posted image

Is the chart going up? No.
Is the chart showing a stock whose price is continuing to fall? Yes
Is there any IMMEDIATE indication when the stock will stop falling? No
Comparing to historical chart, why is IGBReit interesting?

What is the indicative yield at current price?

This post has been edited by Boon3: Jul 24 2013, 10:01 AM
Boon3
post Jul 24 2013, 10:03 AM

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QUOTE(gark @ Jul 24 2013, 10:01 AM)
As a stabilizing manager, the fund to purchase comes from the IPO proceeds itself, so it is basically AAX buying back itself. No loss to the stabilizing manager as they are merely agents, AAX foots the bill, later all these shares goes back to treasury. laugh.gif
*
If one is not lazy, one can use Uncle Google to check on past Greenshoe options performances.

This one is the first one tongue.gif

http://www.theedgemalaysia.com/commentary/...hoe-option.html
Boon3
post Jul 24 2013, 10:05 AM

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QUOTE(felixmask @ Jul 24 2013, 10:01 AM)
Morning Boon3,

here the yield.
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Thanks felix.

Is DPU of 6.38 sen an estimated figure?

This post has been edited by Boon3: Jul 24 2013, 10:05 AM
Boon3
post Jul 24 2013, 10:09 AM

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QUOTE(gark @ Jul 24 2013, 10:08 AM)
If any IPO requires stabilizing manager on the first day itself already means it is overpriced and is going to fall sooner or later. Anyway I don't subscribe to IPO, most of it overpriced.
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I also agree. smile.gif
Boon3
post Jul 24 2013, 10:15 AM

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QUOTE(felixmask @ Jul 24 2013, 10:08 AM)
YES  nod.gif  from Prospectus
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I see.

However, prospectus numbers and promises is one thing. Company performing and actually doing what they promise is another thing.

So far from Bursa website: http://www.bursamalaysia.com/market/listed...ll&company=5227

IGBReit has only announced ONE dividend payment in Jan 2013 and paid in Feb 2013. DPU was only 1.83 sen.
It's now July 2013.
I believe that no other dividend has been announced.

Could this be another reason why this REIT is sliding and there's a chance that it could even go below its IPO price of 125?



Boon3
post Jul 24 2013, 10:27 AM

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QUOTE(gark @ Jul 24 2013, 10:15 AM)
You must take note that IGBREIT is now paying out 100% of earnings, this in the future is not sustainable...later will revert back to 90+%
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What's your estimate DPU from IGBReit for 2103?
Boon3
post Jul 24 2013, 11:04 AM

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QUOTE(gark @ Jul 24 2013, 10:58 AM)
Don't know oh... never done much research yet.  tongue.gif
*
tongue.gif

IGBReit is one monster reit leh.
The numbers of shares (or the number of slices of the cake) is very long hor. >3.4 Billion.
Cake have to feed many hor. tongue.gif
Boon3
post Jul 24 2013, 11:10 AM

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QUOTE(cwhong @ Jul 24 2013, 11:06 AM)
Will have impact to igb once setia eco city completed........  hmm.gif
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Maybe and possible.

Personally, I do not like Mad Valley at all. tongue.gif
It's been almost 2 years since I last step foot inside that place. sweat.gif

Boon3
post Jul 24 2013, 11:17 AM

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QUOTE(Icehart @ Jul 24 2013, 11:13 AM)
Why? I find MV to be the best shopping mall for me lah.. laugh.gif
*
laugh.gif

I also dunno why. tongue.gif


Boon3
post Jul 24 2013, 11:23 AM

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QUOTE(Icehart @ Jul 24 2013, 11:19 AM)
sweat.gif

But it's been a while since I last stepped on MV.
I dislike shopping actually. Car parks problem and the price sometimes you can get cheaper at your local 99 speedmart.
*
Haha!

Yeah.. to think about it, I don't quite enjoy shopping too. sweat.gif


Boon3
post Jul 24 2013, 04:40 PM

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QUOTE(Icehart @ Jul 24 2013, 04:35 PM)
Wow  rclxms.gif
But I'll sell once reach TP 95 cents.  biggrin.gif
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Why have a preset targets?

Listen to the stock. tongue.gif

Sometimes the stock can go much higher than the TP but there also many times it falls way short of TPs.
Me? I always prefer to listen.

Good profits eh? smile.gif
Boon3
post Jul 24 2013, 04:51 PM

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QUOTE(Icehart @ Jul 24 2013, 04:42 PM)
Yes.
Depending on sentiment at that time, see how it goes actually, but the plan is 95 cents.

On the other hand, JCY  doh.gif
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On the other hand, the observation that redtone consolidates after its quarterly earnings the past few quarterly earnings is spot on.
I do know this a fact ... since when redtone was below 40 sen. smile.gif

JCY on the other hand is actually looking good.
It's just digesting its recent gains.
No stocks go straight up, its usually 2 steps forward 1 step backward.
(ps: me not on this one cos I don't understand its fundamentals. tongue.gif )

Boon3
post Jul 24 2013, 05:04 PM

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QUOTE(Babablacksheep @ Jul 24 2013, 04:59 PM)
IMO, price looks attractive = cheap buy compare to history price.
Since REIT is long term structure  smile.gif
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Compare to history price, the price is now much lower.
Is it good just cos it's lower?

How much dpu has this reit actually paid thid year? 1.83 Sen.
It's now almost end July.
Why so little so far?
When will the next divi be paid?
How much?
Boon3
post Jul 24 2013, 06:05 PM

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QUOTE(davinz18 @ Jul 24 2013, 05:00 PM)
Wait for few more days, can get at IPO price  biggrin.gif
*
After getting IPO price... then what? tongue.gif


Boon3
post Jul 24 2013, 06:18 PM

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QUOTE(Madbull @ Jul 24 2013, 05:18 PM)
IPO is in 3 quarter last year so DPU declared was 1.83 (i assume is only 1 quarter profit)
If dividend is declare half yearly, then we will expect another one soon..
How much is a question but should expect abt 3.5sen?
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I understand your point.

IGBReit is a monster size reit.
3.4 billion shares and a market cap of 4.32 billion.

It took a very strong hand to push the stock down from 145 to current price of 127.

I, for one, would respect what this strong hand is trying to do first before assuming anything else.
If the stock is really good, paying a little bit more when the share price recovers won't hurt.
What would hurt is buying now and have no idea why the so-called solid reit keeps dropping.

My one sen.
Boon3
post Jul 25 2013, 12:18 AM

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laugh.gif

Nobody uses Bursa website? tongue.gif

Bursa holidays are stated here: http://www.bursamalaysia.com/corporate/about-us/holidays/


Boon3
post Jul 25 2013, 08:51 AM

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Morning chart...

Fake stuff... tongue.gif

user posted image
Boon3
post Jul 25 2013, 08:55 AM

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Yesterday closing actually not too bad. tongue.gif

user posted image

So what's the fuss?

At 125, IF IGBReit pays as promised in its prospectus, what the yield? tongue.gif
Is it something to worth to hunt for? tongue.gif
Boon3
post Jul 25 2013, 08:59 AM

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The other day, if not mistaken ... tongue.gif
this was suggested for look see-ing.... whistling.gif

user posted image




Boon3
post Jul 25 2013, 09:01 AM

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Getting nervous after two red days meh? tongue.gif

Don't scared lar... trend still strong, yes? whistling.gif

user posted image

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