I do not think Cash Payments referred to the cash kept in their banks. Most likely it is in the form of borrowing.

Remember they pay out 90% or more of the realised profits ( DPU ) to you, in order to be tax exempted

Where is the MAGIC cash to come from , in large amount ?

These press statements fool a lot of investors , esp those are new and eager to just jump on board.

Too high a gearing ( borrowing ) caused many Singapore REITS in financial problems.

If one does not have the transparency to disclose their gearing but saying it is using CASH to pay. I would think twice before investing. There is a purpose behind a purpose.

We reserve the right to be the doubtful, simply because our hard earned money is involved.

This post has been edited by SKY 1809: Mar 10 2010, 12:16 AM

Many REITS are expansion paths.

So Gearing is one to be monitored closely, bcos it tends to boost up or preserving earnings or DPU .

More right issues tend to dilute earnings per unit.

I always do the same as other investors , most of the time.

I put Greed at the front seat and Fear at the back seat ( sometimes in the car booth ).

REITS in Malaysia cannot run away from the problems faced by REITS internationally.

Of course, We are on better footing, but cannot just ignore the problems happened elsewhere totally.

Do not just look at ratio alone , though quite close to SC guideline.

50% of 10m loan and 50% of 1billion loan , is still 50% at best.

There is a vast diff of a very short term of 1 b loan as compared to let say 2b loan.

You need to source for the renewals, sometimes at extreme poor market conditions.

Then again they need to look for more banks to support instead of normal one or two.

This post has been edited by SKY 1809: Mar 11 2010, 11:23 AM

Many investors have factored in RPTs , as non events..or acceptable practices.

Next , they would factor in Gearing as non events.

Yes I agree with you , the benefits could outweigh the small potential loss.

Ya, probably bargaining for a station than for a better compensation . Logically it has to one ( Station ) , otherwise there is no way for people to embark, just a bypass. Normally, a bypass line could be built just above the road ( on the divider ) . More cost effective. { Added : Planned > Subang Parade could be a Connecting Station as per website attached below }

It is quite proven that LRT does have some great impact on the businesses .

One area I could think of is Kenanga in KL.

Many smaller retailers are taking LRT to buy goods from the wholesalers. parking is a big problem there, not counting the time wasted.

The rentals there could be as high as rm 20,000 a month, and rental deposits could exceed 6 months to a year.
There could be other factors that I may not be aware of.

The other point is about Publicity . If Harta could put up some forms of info in its building to create some awareness of their REITS, it might help.

If TM could spend a couple of few hundred millions to associate with MU, why can't Harta educate the public about its REIT ? The flow of human traffic is pretty high as I could foresee.

Likes the Chinese saying " if food can be eaten, do not waste."

Just my thought.

This post has been edited by SKY 1809: Mar 14 2010, 05:05 PM

http://www.patchay.com/2009/09/future-lrt-and-mrt-in-kl.html

I think the article is quite misleading in a way.

I think it is rather Lacking of choices to choose , on what you really want to travel on.

If you intend to go to Subang Parade at this moment , taking train could be the only viable effective option in the absence of LRT. There is no LRT, so you cannot really compare. So Rail is deemed to be the best at this moment.

Likewise , from Seremban , kajang to Kl , massive demands for rail ,and there is no LRT. A big bulk of people using this route.

There is a saying that most people in KL prefer to drive to work than to use public transport. I think it is a rather the lacking of a good transport ( now more like sardines ) system. The VVIP has personally tasted before.

I remember people said LRT failed bcos of higher cost to travel . It was quite empty for some time. Until the co took back or bailed out by the Government.

Now again, it is packed like Sardines on certain hours.

I think demands would exceed supplies for public transport, meaning bringing more people traffic to Subang Parade. Toll , fuel and parkings are also imp factors.

Another chicken and egg issue.

Just my opinion.

This post has been edited by SKY 1809: Mar 14 2010, 08:02 PM

Do not forget Subang Parade is planned as a CONNECTING STATION, additional advantage for people and the Parade to have a rest and food or shopping before moving to the destination.

Oledi mentioned in the plan that Subang Parade IS A CONECTING STATION.

More so as part of the integration with the Commuter Train Service.

Whether technically possible or not, not for me to judge.

http://www.patchay.com/2009/09/future-lrt-and-mrt-in-kl.html

This post has been edited by SKY 1809: Mar 15 2010, 09:23 AM

Your website is informative. Congratulation.

Just that Government might change plans every now and then.

Disappointments may come alone the way.

Waw,

You have spent lot of time on your homeworks.

I think your efforts would bear sweet fruits in time to come.

Keep it up.

Happy Investing to all.

This post has been edited by SKY 1809: Mar 20 2010, 09:29 AM