Nah.........I hedged in SGD and USD rather than AUD which is rather more unpredictable vs the MYR. That is the reason why I am quite big into SREITs since 2009.

They are 22 and 18 respectively.

Right,....

BUt still, there will be exchange rate risks since you need to spend in a different currency from what you are holding. But of course, using the S$ is better than against the RM.

Quite grown-up,... When they are self-sufficient later, then no need to worry abt all these spending needs,....

I quite like the ASX too,... after having dabbled in it !!

I am an olde man.

What I have noticed over the long haul, SGD is stronger against the AUD

http://www.xe.com/currencycharts/?from=AUD&to=SGD&view=5Y

I do not intend to keep much MYR assets as my children have no wish to return to Malaysia. So Yes, I will be looking at AUD based assets soon.

This LIC - Listed Investment Company reported its Annual Result yesterday. Foll are some excerpts :-

WAM Capital increases fully franked dividend, continues strong performance and growth in assets

ASX announcement & media release

Highlights
 Full year pre-tax profit of $88.9 million and after-tax profit of $68.9 million
 15.0 cents per share fully franked full year dividend
 14.1% total shareholder return
 11.7% investment portfolio performance

WAM Capital Limited (ASX: WAM) today reported an operating profit before tax of $88.9 million and operating profit after tax of $68.9 million for the full year to 30 June 2017.

WAM Capital Chairman Geoff Wilson said the operating profit reflected the relative performance of the
portfolio and the growth in assets over the year.

“In FY2017, the company achieved strong growth in assets as they grew by $300 million to $1.2 billion. This
growth was achieved through the performance of the investment portfolio, which increased 11.7% for the
year and capital management initiatives including a share purchase plan, placements and our first
acquisition of an unlisted investment company,” Mr Wilson said.
Wilson Asset Management Chief Investment Officer Chris Stott said the company continued to deliver
strong risk-adjusted returns for shareholders.
“The investment performance of 11.7% was achieved with an average 63.9% invested in equities, with the
investment portfolio recording a standard deviation of 7.1% against the market’s 9.2% for the year. The
return on the equity portion of our portfolio was 17.2% and the return on the cash portion of the portfolio
was 1.9% for the year. The five best performing investments in FY2017 were Credit Corp Group (ASX: CCP),
Afterpay Touch Group (ASX: APT), Nick Scali (ASX: NCK), Pinnacle Investment Management Group (ASX:
PNI) and Imdex (ASX: IMD),” he said.
Wilson Asset Management Chief Executive Officer Kate Thorley was pleased the company delivered an
increased fully franked full year dividend of 15.0 cents per share to shareholders.
“The Board is pleased to deliver shareholders an increased fully franked dividend. It is worth noting our
ability to continue paying dividends is reliant on generating profits. This year we welcomed almost 7,000
new shareholders, with more than 27,000 shareholders now invested in the company,” she said.

Increased fully franked dividends

The Board declared a fully franked full year dividend of 15.0 cents per share, an increase of 3.4% on the
previous year with the fully franked final dividend being 7.5 cents per share. The final dividend will be paid
on 27 October 2017 and will trade ex on 17 October 2017. The dividend reinvestment plan (DRP) is
available to shareholders for the final dividend. The dividend reinvestment plan will operate at a 2.5%
discount. The last election date for the DRP will be 20 October 2017.
The Board is committed to paying an increasing stream of fully franked dividends to shareholders,
provided the company has sufficient profit reserves and franking credits and it is within prudent business
practices. The company’s ability to generate franking credits is dependent upon the receipt of franked
dividends from investments and the payment of tax.

Portfolio performance

Mr Stott said the investment team was pleased to deliver strong performance of 11.7% during the period,
with the research-driven investment process continuing to identify undervalued growth companies.
“Our largest contributor during the financial year was debt services company Credit Corp (ASX: CCP). We
invested in the company after identifying growth in its core business of purchased debt ledgers as well as
in its consumer loan book and United States operations. We exited our position when the share price
doubled, reaching our price target,” Mr Stott said.
“Another strong contributor to performance was Afterpay Touch Group (ASX: APT), one of Australia’s
fastest growing technology companies, focused on the millennial customer in the online lay-buy segment.
During the year, Afterpay purchased competitor Touchcorp completing the acquisition in July 2017. We
believe the combined company provides the scale required to take the business global.
“Nick Scali (ASX: NCK) delivered several profit upgrades during the year, buoyed by the growth in the
Sydney and Melbourne property markets. With an in-depth understanding of its target customer, Nick
Scali provides an optimal product mix and has weathered the retail sector headwinds that have challenged
its peers,” he said.

Mr Stott said the greatest detractors from performance through the year included RCG Corporation (ASX:
RCG), Automotive Holdings Group (ASX: AHG), Ardent Leisure (ASX: AAD) and Hunter Hall Global Value
(ASX: HHV).
“RCG shares fell after it disclosed underperformance of its acquired shoe brand business, Hype, and slow
growth in its flagship brands, Sketchers and Platypus. Automotive Holdings Group posted a profit
downgrade following a slow start to the calendar year for the Australian car market, which saw Western
Australia and Queensland record double digit declines on the prior corresponding period. With the
company in a turnaround phase, the new management team is still articulating its strategic direction.
Ardent Leisure experienced a tragic incident at Dreamworld in October 2016 and its February half year
results showed its flagship Main Event asset had materially underperformed market expectations,” he said.
“As the portfolio’s largest holding, Hunter Hall Global Value’s continued underperformance and discount to
NTA weighed on its share price performance. The company experienced a tumultuous financial year, with
its founder Peter Hall unexpectedly resigning in December 2016. Following a protracted period of
underperformance and uncertainty, shareholders voted to begin the necessary process of Board renewal
and the implementation of a series of capital management and shareholder engagement initiatives. We
continue to monitor Hunter Hall Global Value’s activities under the leadership of the new investment
manager Pengana Capital. We were disappointed recently when the new Board announced it was seeking
to reset its performance fee high watermark. We are currently exploring this in greater detail,” Mr Stott said.

Equity market outlook

Mr Stott said the investment team entered the 2018 financial year confident the Australian equity market
will present attractive investment opportunities.
“During the 2017 financial year, small-to-mid-cap companies underperformed large-cap companies, with
the S&P/ASX Small Ordinaries Accumulation Index underperforming the S&P/ASX 200 Accumulation
Index by 7.1%. An estimated $5 billion was removed from the small-cap sector and invested in other asset
classes throughout the year, placing downward pressure on the share prices of the small-to-medium sized
listed companies. We believe this adjustment has ended and that the headwinds facing the small-cap
sector have abated. Company valuations are more attractive compared to twelve months ago and we are
confident in our ability to continue to identify undervalued growth companies,” he said.
“In our view, low-risk trading opportunities will continue to present themselves. We expect the trend of
geopolitical event driven volatility experienced in the 2017 financial year will continue and we are well
positioned to take advantage of the resulting equity market mispricing. We remain focused on identifying
and unlocking value in discounted asset plays, particularly within the listed investment company sector.
Wilson Asset Management has a distinct advantage in working with companies to close their share-price
discount to NTA and we will continue to take advantage of these opportunities,” Mr Stott said.

About WAM Capital

WAM Capital Limited (ASX: WAM), one of Australia’s leading listed investment companies, is managed by
Wilson Asset Management. Listed in August 1999, WAM Capital provides investors with exposure to an
actively managed diversified portfolio of undervalued growth companies, which are generally small-tomedium
sized industrial companies, listed on the Australian Securities Exchange. WAM Capital also
provides exposure to relative value arbitrage and market mispricing opportunities. WAM Capital’s
investment objectives are to deliver investors a stream of fully franked dividends, provide capital growth,
and preserve capital.

About Wilson Asset Management

Established in 1997, Wilson Asset Management is the investment manager for six of Australia’s leading
listed investment companies: WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Microcap
(ASX: WMI), WAM Research (ASX: WAX), WAM Active (ASX: WAA) and Century Australia (ASX: CYA); and
is responsible for over $2 billion in shareholder capital on behalf of more than 55,000 retail investors.
Wilson Asset Management also created Australia's first listed investment companies to provide investors
with access to leading fund managers while supporting our future generation: Future Generation
Investment Company (ASX: FGX) and Future Generation Global Investment Company (ASX: FGG).
For more information visit www.wilsonassetmanagement.com.au

--------------------------------------------------------------------------------------------------------------------------------------------------------------------

WAM will invest into the small-cap sectors for us, and has been doing a great job so far,....

Looks like the big banks are still in business,... the South Australian state gov't wanted to impose another levy on top of the Big 4 earlier, BUT with the help of the Liberal Gov't, they managed to ward it off,...

http://wilsonassetmanagement.com.au/2017/0...ll-off-sa-levy/

Please tell me if you guys can access these pages in the above link,....

An Australian Office REIT that just launched a Right Issue, bros,...

They call it the Retail Entitlement Offer. $2.35 per unit. I think it's good,... pls let me know if you think otherwise.

I heard REITs have no 25% WTH onto the quarterly dividend,... you get all yr dividends,...


Attached File(s)
 2A1024140_CMA.pdf ( 4.87mb ) Number of downloads: 4

Bros,... just fyi... if you guys are interested,...

There has been a lot of talks abt the future of Telstra (TLS) by the investing community. Reporting is on Thursday,....

The SP is climbing,.... could it be that there is some light at the end of the tunnel for TLS ?

TLS 2017 dividend maintains at 31 cents
FY2018 guidance of 22cents
New Capital allocation framework:lower dividend payout ratio of 70-90% of underlying earnings
On opening, Telstra drops below $4

This post has been edited by ryan18: Aug 17 2017, 08:21 AM

WoW1 9% Drop! That's drastic!

Yeah, I know, bro,... tq for the heads-up,... This is one ctr where no opportunities for me-lar,.... gone case this one.

Okay,... I am queueing at 3.95 to cut loss,...guessed I have no luck,... no chemistry with Telstra,... when I retrieved my funds,... I think I will buy into a counter called MOC,....

Bro Ryan,... have you studied this ctr previously ?? Bro Prophet, other bros,... ?

Haha,... sounds like a dirty forum,... calling everybody bros,...

Any bros here ?? Ryan, Prophet ??

1) MOC will probably be announcing results tmrw,... this ctr shld be good,...

2) GOZ is the REIT to be with, same presentations and same company mission as Frasers Centrepoint Trust.

3) NAB looks to be strong,...

4) Waiting for CBA to plunge further after money-laundering charges,...

Not going into ASX just yet.

OK bro,...

As said yesterday, MOC reported results today - growth in everything,... yeah,....

And,..........

CROMWELL RECEIVES ELIGIBILITY-TO-LIST FOR PROPOSED EUROPEAN REIT ON SINGAPORE STOCK EXCHANGE

Cromwell Property Group (Cromwell, the Sponsor) announces that it has applied to Singapore
Exchange Securities Trading Limited (the SGX-ST) with regards to a proposed initial public offering
(IPO) of the Cromwell European Real Estate Investment Trust (CEREIT).

CEREIT is a Singapore real estate investment trust (REIT) established with the principal investment
strategy of investing, directly or indirectly, in a diversified portfolio of income-producing real estate
assets in Europe.

In connection with the IPO, the SGX-ST has on 23 August 2017 issued its Eligibility-To-List (ETL).
Cromwell EREIT Management Pte. Ltd., a wholly-owned subsidiary of the Sponsor and the manager
(the Manager) of CEREIT, received a Capital Markets Services Licence from the Monetary Authority
of Singapore (MAS) on 17 August 2017.

The estimated offering size of the IPO of CEREIT is approximately EUR1.0billion (SGD1.6billion).
The IPO reflects Cromwell’s stated strategy of diversifying capital sources and achieving recurring
revenues from its funds management business.

Assuming a successful IPO, and subject to final allocations, Cromwell intends to hold a Sponsor
stake of approximately 10% of CEREIT, which has been fully funded.

The IPO of CEREIT will be subject to, amongst other things, market conditions, the relevant
regulatory and other approvals being obtained, and the execution of definitive agreements by the
relevant parties. If all conditions are met, it is intended that the IPO will occur at the end of
September 2017. Further announcements will be made in accordance with regulatory requirements.

------------------------------------------------------------------------------------------------------------------------


Wearing the hat of an ASX investor,... I sensed that my Mates in Aus don't really like this,... don't know why,... the price stayed low in the ASX this morning, only at 93.5c per unit...

I've been in CMW for sometime,... a great ctr to me so far,... when it goes to the SGX, it will challenge IREIT Global,... yeah,....

Majulah CMW !!!!! Good move !

Another counter that I have been reading-up on,...VLW,... some excerpts that I captured from the forummers' discussions,...

dont rush too quick to buy ex divi

it may drop 10c then rise a little but dont chase it up as it often drifts back down over the next couple of months as impatient investors reallocate capital elsewhere looking for a quick buck.

i suspect you may be able to pick some up in low 2.30s over the coming months, especially property market sentiment trends down and people mistakenly sell vlw in a panic, despite its solid and safe fundamentals and relative insulation from the downturn in city syd and melb and bris prices.

the best entry point of all would be if there was a real property downturn and you could pick some up around 2.00 when the market is fearing the worst. its a possibility and ill be ready to pounce if it happens over the next 12-18mo, however unlikely it may seem right now.

-------------------------------

Not unreasonable. It's dropped from 2.40 to below $2 on no news before..

-------------------------------

It's a small cap. It moves around. There's always opportunities

-------------------------------

To me it's more in the mid cap range

-------------------------------

End-of-notes,.....

Bro

How abt MYS 4.80 ? It has dropped abit lately.. can consider ?

Well, bro,... for myself,.. I think it has a lot more to fall. The next divvy payout date is sometime in March next year,... I noticed the pattern is such ctrs will fall and fall after the payout date,... it's the ASX behaviour if you observe closely,....

True. Aiya..miss the boat. Should have grabbed when 4.50

Its okay now we know its trend.

It will likely drop below 4.50 before the coming period again,...

Bro,... the ASX is a very much different 'animal',..... We must spot the pattern,...

Bro..

thanks for the sharing. I will observe more. it is very different frm Sg reits where it will go up up and up..hardly wait it come down.