M1 small shareholder reported in.

What is 'my Gateway' if I may ask? Couldn't find it in the website

IMO opinion the boat won't be leaving anytime soon.

The excesses of the global market is only slowly clearing it self. The deflationary pressures is still very strong. You can see it in the global numbers of big global companies and nations. This morning it was reported S Korea, who is the biggest exporter to China that the exports are slowing.

i would still keep my major gun powder dry at this stage


http://www.straitstimes.com/business/econo...china-woes-hurt

This post has been edited by prophetjul: Mar 1 2016, 08:47 AM

Which is good? Dbs bank or dbs group?

YCK and Prophet,... we can see oil price is inching-up,... the major indices in NY are green most of the time,... and OCBC keeps staying above 8.00,... dipping only slightly below and then quickly bouncing-up again.

I believed you can buy for DBS Group, but there is no separate listing for DBS Bank,...

it is.

there are signs that it has bottomed.

some voluntary reduction in opec, us output expected to reduce in the coming months.

but... not going to fly, likely 40-45 or so by year end, not higher.

large int'l oil/energy, think can buy some now.

local and small outfits, consider this:
http://www.bloomberg.com/news/articles/201...-quarterly-loss

Saizen is not delisting yet because they have performance guarantee ( 5% in escrow account) to the buyer for six months after the property is sold.

Saizen will return the bulk of the money to shareholders (95% of selling price) as capital return, pay off the remaining accrued rentals as final dividend and then six months later IF there are no claims or repair cost exceeding the 5%, they will pay out the final remaining money after all expenses and will promptly close shop by delisting. Saizen have no intention to become a cash company.

The thing is that saizen sold to new buyer exactly at NAV, so it is important to hold properties at below NAV value.

This post has been edited by gark: Mar 1 2016, 10:43 AM

Tq Gark,... actually, Saizen does not really have to take this route of giving performance guarantee first after disposing to another party. right ? They could just sell-off lock, stock and barrel to another party, and then proceed to delist the REIT. But of course, if the assets are not at 'good, rentable' conditions, then the buyer would want to buy at prices below NAV. I see a pattern of delisting here by a REIT.

With the mkt having a leading effect on economic turnarounds, I think the notion about the boat leaving the post soon rings stronger now.

If AV can agree that OPEC is reacting 'favourably',... then oil price would have indeed bottomed.

It'd be interesting to see how many forummers here agreed with us,... I know Prophet is still holding back,.... The sentiment of the mkt is the more people agree that the mkt has bottomed, then the more likely oil price will turn around,...

opec will not be quick, it will be slow.

the fast ones are the hedge funds.

so, even with oversupply, price can move up.

but will be capped, sensitive to even small matters.

i am buying the largest caps global ones, will not go near small and local.

It depends on the contract... some sales have no performance guarantee, some sale is LSB type..

The problem is that they are selling of a whole bunch of buildings (in good rentable condition), and the buyer is a hedge fund, so they are not going to inspect each building one by one. The performance guarantee to the buyer is just a formality, i think there is high chance to recover the amount unless there is major maintenance.

Total payment proposed as follows

Special distribution: $1.056 (Mar 16)
Normal distribution: $0.031 (Mar 16 - Rent accrued Jun-Dec 2015)
Escrow account: $0.0895 (5% performance bond - July 16)
-----------------------------------
Sub total: $1.1765

Post completion expenses: $0.0118
Cost paid to manager: $0.0042
-----------------------------------
Sub total: $0.016
-----------------------------------
Total: $1.1605

Post completion distribution: Rent from Jan-Mar 16 ~ $0,014

Based on current price there is still some arbitrage value, depending on the normal distribution and escrow account.

This post has been edited by gark: Mar 1 2016, 11:23 AM

Many thanks agan fro the workings, Gark,... it's very helpful...

Were you at the meeting this morning,... have all the three resolutions been approved ? Saizen REIT is halted now... possibly pending further updates from the mtg this morning,...

Yes,.. was thinking along the same line too as per bolded above,... so,.. let's board the ship before it leaves,.. big ships first,...

Very likely will be approved.. you must consider that the share was trading at around 0.85 when the deal is announced. Who does not want that kind of windfall?

For enthusiasts of OCBC :-

OCBC

Market Cap: S$31.1 billion

Registered in 1932, OCBC is the oldest bank in Singapore, after a merger of three Hokkien lenders. It counts OCBC Securities and Great Eastern Holding Ltd among its subsidiaries. The bank has a presence in 18 countries and territories, and is the second-largest financial institution in Southeast Asia (SEA) by assets.

Right,... that 0.85 has inched-up to 1.090 yesterday, if my memory serves me correctly,.. I think many would now be queueing at,..1.110,...? ...taking into account that Triangle would claim for ONLY half of the escrow amount before the next 6 months is up ?

For enthusiasts of UOB, and holders of the UOB Privileged Account :-

UOB

Market Cap: S$28.22 billion3

UOB was set up in 1935 and is now the third-largest bank by assets in Southeast Asia. Having started out as United Chinese Bank, UOB was renamed in 1965 and it now has over 500 offices across 19 countries and territories. The bank is increasing its yuan business, with the asset management arm securing a RQFII licence in June 2015.

For enthusiasts of DBS, and Holders of the DBS Treasures Account :-

DBS

Market Cap: S$33.45 billion

DBS is the largest bank in Singapore by assets and was initially established by the Singapore government to assume industrial financing activities. DBS acquired the Asian private banking business of Societe Generale in 2014, and was the only ASEAN bank to be ranked among the world's top 50 private banking brands in 2015.

http://www.sgx.com/wps/portal/sgxweb/home/...kfacts?code=B73

Global Investments Limited (B73)

i hv this from 2013... div is good throughout the years...

Need opinion... U think can top up?

This post has been edited by elea88: Mar 1 2016, 01:05 PM