Time to buy...

wah .. now it's RM 1.50. Lost RM 0.10 per share for selling off too early.

what's the driver behind that moves CMMT??

Example of non fluctuating assets laden with risk is real estate new launches in malaysia now.

1.50 liao...

Driver? The US10Y yield keeps going down.

This post has been edited by gark: Mar 4 2014, 05:23 PM

me too, i sold about 15% of my cmmt that bought at 1.3x at 1.43-1.46.

im getting very irritated at this stock but then cimb send me a personal portfolio report and shows that the dividend yield is current 10.35%

Sure or not, so high ? Latest 1/2 half of financial yr DPS is just 3.9 cents so if annualized is 7.8 cents and with current price of 90 cents give a DY of 8.66%
But EPS only 2.52 cents and thus paying over 150% dividends (3.9/2.52). Where does the shortfall comes from....reserves ?

This post has been edited by topearn: Mar 4 2014, 08:32 PM

dont know,so i just look at it.CIMB report say eps is 4.9,and its still at a premium while sunreit is at a discount

How do you get a personal portfolio report from CIMB? I use iTrade and I don't have any such thing.

Wat is their assumptions?

Higher dividend due to adjustment on depn

i think its a new feature.my broker send mine via email

This one must be sifu Cherroy teach one, reduce depreciation will increase cash

From what I understand, it is not depreciation increases cash. Rather, it's like: pay cash first, depreciate later. In some years, earning is higher than cash; in other years, cash is higher than earning. But in the end, it's the same...

This post has been edited by river.sand: Mar 5 2014, 09:12 AM

If U pay cash out, whether u depreciate or not THAT CASH will not come back into company

A company buy 100k car depreciate at 20%per year, depreciate or not the 100k will never return to company

How company get extra 20k to pay dividend? Delay paying outstanding bankloan YES!!!!

A company buy 100K cash, means 100K gone in the first year, aka cashflow statement straight away reduce 100k.
But in P&L, due to depreciation of 20%, profit only reduce 20K due to depreciation.

100K will never come back, but your cashflow of next year is profit + 20K depreciation, because you already pay upfront 100K, not 20K per year as next year you do not pay 20K anymore,
so depreciation of next year adding in back your cashflow statement.

It is accounting issue, the 100K surely has gone, but cashflow statement is profit + depreciation.

In term of dividend issue, using depreciation cashflow to pay as dividend is not a good idea, as those depreciation is needed in the future.
For eg.
A car estimate to be used 5 years, so at 6th year, the company may need to reinvest again, so cash needed for the future.

Sustainable dividend should be always based on EPS, although cashflow of a company is EPS + depreciation - capital expenditure.

This post has been edited by cherroy: Mar 5 2014, 04:14 PM

thank you very much! learn something today.

well said

But REITs are required to pay 90% of distributable income. What is distributable income in the first place? Can a REIT reserves cash for future investment?