but then now it has been reduced to 10%, its the average tax bracket for the middle income family.

---

Added on September 5, 2008, 4:15 pmaxreit at 1.68, anyone here wanna take?

queued 20 lots at 1.64

This post has been edited by ante5k: Sep 9 2008, 09:54 AM

Any of you guys attending AXREIT's shareholders' meeting on 24th September at Equatorial Hotel? Maybe we can have a LYN-AXREIT gathering

it is 1.63 now, so, you got yours?

LOL, make a reit LYN gathering then, haha.

Seriously, you are going to attend?

Haha, on second though, my new target has been lowered to 1.58.
Only then it is worth it to average it

Can do that though. At least we get to attend the meeting and then have our small discussion nearby among ourselves
I will attend it as it is FREE, and I get to meet the Board (although not up close la )
Cherroy, I am waiting for you to join so that we can discuss more about our favourites

Not possible for me to attend those AGM, EGM, or seminar, somemore all are in KL. May be already retired time, can.

I work six days a week, even sick also can't take leave one.

For me, those reit are intended to serve as passive income, just like buying an property then rent it out.

i was out at site today whole day... didnt get any .. gonna queue again tmr at 1.63.
a bit wory about the extra 20% share placement diluting the EPS ..

This post has been edited by ante5k: Sep 11 2008, 08:45 PM

Previously the 50 millions private placement didn't dilute but improved the EPS through newly acquisition. So just hope this round future will be the same.
Btw, it is good for company to reduce borrowing in current uncertainty environment in financial market.

if they dont use the money to buy up any more properties , the yield will surely drop.

Side note. cant go the unit holder meeting lar... working day.

Aiseh, potong la like that Thought cherroy is so free as to not working one
Sigh, since no one joining, me also don't go lo. Might be going Singapore then.

Actually, if we compare the yield of AXREIT now with last year, the yield is actually lower.
Last year they had 9 properties up to H1, this year they have 17 up to H1.
If we take the yield on their asset for this year and compare with last year, it is lower

A lot of posting is when I am in the office. Hehe.

Btw, how do you come out the yield is lower?

For individual, yield is term of EPS or distribution is actually higher.
From 9 properties to 17 did increase the amount of profit but so does the share issued become more. But for EPS which matter most is actually improving little. The size of fund become bigger in this case. For individual yield, I had no details information about it.

anyone got axreit at 1.60?

Still got room to go down further one
I am waiting for it to go down more, probably to around 1.55 only worth to buy

1.55 ar? i thought they will push up the price slightly before the new share issue to get a higher issue price.

Hmm, based on my feelings, IF Anwar were to seize power, then we might see HUGE selloff as the current Government has quite substantial holdings in REITs as well. Please correct me if I am wrong

but then why would they sell it off , if it is earning them money?

Well, I don't know how Anwar is going to handle this. A lot of projects under the 9MP might be stopped causing prices of building materials to dip, thus causing fear on property play. This is my assumption though, and I might be wrong

If material price goes up, then resulted in abandoned of new properties project, then it is not a bad news for Reit, as there is lower supply of newer properties to compete with existing properties in term of rental.

It is bad for properties stocks but doesn't necessary bad for Reit.

Reit is not as same as properties stock.

Just my 2 cents.

just wondering, anyone here holding amfirst? any thought s about it?

I got some, yield is pretty high at the moment (10%)

Downside is heavily depended on AMBank as its major tenants. So there is some conflict of interest between.