Feb 27 2014, 01:36 PM
QUOTE(lambethwalk @ Feb 27 2014, 01:03 PM)
Boon, could you help to take a look at 5109?
it is going downhill at a very alarming rate. there is PP that will take place. co profits isn't looking too great. aussie dollar down. interest rate just waiting around the corner to be raised. (gark has mentioned before this is not a reit that he would invest in, preferring others).
wanted to sell but they just announced internal dealings yesterday which usually pushes up the price as far as i know. my holding is since june last year.
even though it is a reit... i feel that one shouldn't be blindly holding it just because its supposedly a long term investment. loyal reit followers keep talking about DY, but when capital is eroding like water in sand, DY doesn't seem to matter anymore. if this was a non-reit, i would have no hesitance in cutting it.
5109? it is going downhill at a very alarming rate. there is PP that will take place. co profits isn't looking too great. aussie dollar down. interest rate just waiting around the corner to be raised. (gark has mentioned before this is not a reit that he would invest in, preferring others).
wanted to sell but they just announced internal dealings yesterday which usually pushes up the price as far as i know. my holding is since june last year.
even though it is a reit... i feel that one shouldn't be blindly holding it just because its supposedly a long term investment. loyal reit followers keep talking about DY, but when capital is eroding like water in sand, DY doesn't seem to matter anymore. if this was a non-reit, i would have no hesitance in cutting it.
Some quick comments.
PP? PP looks massive.
You need to address the dilution issue, as it dilute your future dividend per share.
From what I browsed, it's increasing the number of shares from 1.32 billion shares to 2.125 billion shares.
Selling about 800 million new shares.
Dilution is massive....
You need to know what the money is going to be used for....
Will the PP be able to generate enough income to compensate the dilution in earnings and with it the dilutions in future dividends?
Recent earnings already look poor...
http://announcements.bursamalaysia.com/EDM...2013(Final).pdf
First thing I note in the condensed income statement is that the MANAGERS FEES this quarter is already more than the same period last year. ( 2.153 million vs 1.6 million).
Really? And did the profits increase so much that warranted the MANAGERS to have their fees increased?
(this is why laa......
)I think you should follow Gark advice....
The chart is .....
This post has been edited by Boon3: Feb 27 2014, 01:37 PM
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