Some REIT prices dropping a bit today. Will it continue dropping do you think?

Fuyoh, didn't look after my rice bowl. Dropped 0.06 today

I do not reckon these REITs counters to drop that much. They will definitely fall, but will go back up (depends on AXREIT's coming meeting).

Here I have attached a notice of the meeting which I would be attending for AXREIT. Anybody else interest can just tag along.




Attached File(s)
 Axis_Notice_of_Meeting.pdf ( 224.36k ) Number of downloads: 20

How would you prove that you're a unitholder and how many units you hold if you just show up?

They have the register basically. Once you buy shares, your details are posted to the registrar for booking.

Any door gifts for attending?

This is not AGM, so I am not so sure

What placement is that? Sorry for the silly question as I have not been able to find time to follow in the last 1 year. Any report on the placement and what is the speculation on the price before and after? AXREIT has always been my favourite but just can't find the right price to go in. Sigh.

Private placement of up to 51 million new shares. Price will definitely be diluted after the placement due to increased fund size.

To be exact, private placement will dilute the EPS and potential DPU.

Share price won't be adjusted due to private placement just like what on right issue.

But whether the private placement will make the share price goes down in the market due to demand and supply issue, different story.

But one thing from private placement compared to right issue, existing shareholders don't need to fork out extra money and generally those receiving end or subscribe the private placement one is not intend to trade in market one.

Anyone know what happen to http://mreit.blogspot.com ?
It seems to have disappeared.

cherroy,

Doesn't the private placement increases the fund size (as in increase the units in circulation)? If that's the case, the price should be diluted.

Need further clarification

This post has been edited by Jordy: Aug 6 2009, 02:21 PM

http://m-reit.blogspot.com/

Yes, number of share is increased, but KLSE won't be adjusting the share price or closing/opening price accordingly just like what right issue or ex-div does.

There is no price "diluted', but it will dilute the EPS as well as potential seller in the market (which private placement generally doesn't as explained earlier).

This post has been edited by cherroy: Aug 6 2009, 03:47 PM

cherroy,

Thank you for the clarification

thank you cherroy. worry no more. Axreit here I come . my 5th reits counter.

This post has been edited by espree: Aug 6 2009, 03:57 PM

Great!! Seems like only got one post. Maybe rental expired & it had to vacate the old premises
But thanks to the blogger who post it

Company Name :ATRIUM REAL ESTATE INVESTMENT TRUST
Stock Name :ATRIUM
Date Announced :06/08/2009


EX-date :21/08/2009
Entitlement date :25/08/2009
Entitlement time :05:00:00 PM
Entitlement subject :Income Distribution
Entitlement description :Second interim income distribution of 0.80 sen per unit in respect of the three month period from 1 April 2009 to 30 June 2009.
Period of interest payment :to
Financial Year End :31/12/2009
Share transfer book & register of members will be :
to closed from (both dates inclusive) for the purpose of determining the entitlements

Registrar's name ,address, telephone no :
PFA Registration Services Sdn Bhd (19234-W)
Level 17, The Gardens North Tower
Mid Valley City, Lingkaran Syed Putra
59200 Kuala Lumpur, Malaysia.
Tel:+6(03) 2264 3883
Payment date :11/09/2009
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers:25/08/2009
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit:
c.Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.:

Number of new shares/securities issued (units) (If applicable):
Entitlement indicator :Currency
Currency :Malaysian Ringgit (MYR)
Entitlement in Currency :0.008

What? They took so long to announce a 0.80 sen dividend? That is a shocker, tomorrow sure drop like nobody's business. Haha.

Aiyo, whats wrong with this dividend, 8 cents only, half of 1st interim .

Tomorrow can throw ald.

Looks like Atrium Shah Alam 2 is the cause... maintenance cost..