Yes, agree with that. Ai ya don't notice this tread and going at 1.02 last week, suppose to queue at RM 1.00. The quarter ending 30 Sept stated that DPU is 3.81 cents. If the last quarter maintain we may get 7.6 cents. Hopefully can get 7.6*0.85 = 6.46cents (about 6.3% for my buying price + transaction cost), which is not bad.
I assume the 10% tax will only start 01/01/2009, correct me if i am wrong!

The KLSE is into window dressing activities, so most of the major shares held by Fund will rise up, so i think the price downfall will only start end DEC or early JAN. Better keep some bullet for future especially when politic show clear sign in March.

For my own experience, better use bank as my remisier. I have been using brokerage firm previously and need to bank in everytime i have done my transaction. I changed to Public Bank earlier last year due to the minimum transaction cost still RM12 at 0.42% for commission where else my brokerage is minimum RM40 at 0.6%. So, i just need to transfer from my saving account to my share current account, thus saving RM2 service charge for interbank transfer. But if ur transaction is large volume, RM2 is not a big deal, just make sure you have enough limit to transfer online (public bank set a limit per day for interbank transfer online). Hope can help and hear from others.

What i understand is there is a fee of transferring, depends on the brokerage, RM10 per counter is cheap for what i knows other charge more. But the process gonna takes some time and only advisable if u not selling in short term for best timing. Hope can hear from Neo how long it takes.

Agree with you , still think that RM 1.06 is temporally up, price should stay firm around RM 1 later. Any bad news will possible drag to RM 0.90

Axis REIT is still giving about the same yield like Tower reit if price around RM1.10 and some more offer liquidity. Tower reit seems like not much transaction.
BTW, underestimate the benifit of Axis reit getting islamic status, which encouraged some fund to buy into it (he he, rarely a stock in a bear market give a return of more than 10%)

The quarter ending 30 Sept stated that DPU is 3.81 cents. If the last quarter maintain we may get 7.6 cents.
Net = 7.6*0.85 = 6.46cents after deduct 15% tax.
DPS should pay in February 09.
Remember this dividend is half year only, fow whole year 2009 we may get 7.6+7.6=15.2 * 90% = 13.68 cents

Yes, agree axis at 1.10 still give better return and liquidity for sales in case of emergency. BTW, i like your passion which is the important factor to lower the risk and have a reasonable return.
For myself, i study the Hektar and Atrium REIT for stand by in case the Axis REIＴ　shoot very high then i can think of changing portfolio.

Yes, passion is the best way to win after making your decision

Just 2 Cents, I think we can use DPS can use to judge the entering point. Next year Axis DPS should be around 15cents, which is 15% for price at RM1. If we anticipate that price may go a little lower, we may use half of our bullet since 15% is justified. But anyway, average price at RM 1.35 still give a net 10% dividend for FY2009. So eventually Neo can average down even at current price if he think that the price will go up. Otherwise, use DarkNight "Passion" method to wait the price come down to target price lah!

why not wait a little longer to see whether the price up is window dressing activities. If yes, then can get below RM 1.10 next week.
If not, the price may eventually rise up to RM1.35 your average price

Happy New Year to everybody!

This post has been edited by vergil90: Dec 31 2008, 07:59 PM

tonight chinapress report say that the previous price drop from RM1.75 to current price is because foreign investor dumping to get the cash back to their country, hope that the dumping is not finish then can accumulate in between RM1 to RM1.10

the short term outlook still bleak, so still go chance after CNY, who knows luck come in March!

today star got one article about Axis Reit
http://star-space.com/news/story.asp?file=...49376&sec=pnews

i think it's unfair to use Axreit Price at 1.00 because it seems like little chance for Axreit to go back 1.00 anymore.
Axreit now is 1.42
DPU 15cents
Net Dividend = 15 * 90% = 13.5cents = Net Yield 9.5%

Stareit now 0.775
Net Dividend = 7.2 * 90% = 6.48cents = Net Yield 8.36%

IMHO, Axreit is the most liquidity REIT, that's mean you can buy or sell easily beside higher yield.

For Stareit, is good for people looking stable income and long term, but lack liquidity, that's mean when u wanna sell it, you may need to offer lower a bit than current price in order to dispose it (don't mind if u hold it long term and the price already appreciate a lot)

Just my 2 centst

the effect seems like not much for the moment. but normally reit contract is for a few yrs, so by the time the contract renew the market may start to rebound

The placement of 20% share at at least RM 1.55 (http://biz.thestar.com.my/news/story.asp?file=/2009/7/22/business/4364642&sec=business) will dilute the earning for about 16.7%. 1.28sen+16sen = 17.28sen - 16.7% = 14.4 sen. So, i am negative about the private placement unless the private placement price can be up to around RM 1.65 to RM 1.7 to hold the current price.
I decide to dispose part of it for safeguard.

Agree with you for this, but i have a few points here:
1. if i am the investor of the 20% sure i will invest lower than market price.
2. The 65mil deal is RPT.
3. The 65mil deal with return just a mere 5.6% will drag down the DPU (after consideration of the 20% private investment, which used to fund to purchase the 65mil)
The EPU will be lower to 14.4 from currently 16sen, which is a negative factor with me.

If i am Axis Reit management, why don't i take advantage with current low interest environment to get a let say get a 4% loan to fund the purchase, although will raise the gearing may be up to maximum 50%, but the additional DPU sure will drive up the price more than the currently RM 1.76 NAV and issue the private placement at least at this price in the nearest term and not dilute the earning like this way.

Just my 2 cents.
Anyway, just dispose a quarter and hold another 3 quarter hopefully like what u say the private placement will higher.
I am very satisfied with their previous track record, but now
(if amanah saham or related party is the investor of the 20%, u think u can get higher and bargain with GLC/related party for higher price? This depends how good the management are, )

Just wonder why all the people line up for few hours just to purchase the ASM & ASW. Since ARREIT also under Amanah Raya, i think they better invest in ARREIT and get stable 8% return, rather they get less than 8% with all the trouble (i know the ARREIT risk is higher, but in current environment i think the difference is negligible)

---

Added on July 23, 2009, 1:03 amAgree with you especially the last part. What i concern is the first purchase already RPT that drag down the yield so much (include funding by private placement) - 10% that's from 16sen to 14.4sen, how about the subsequent 8 or 9, same case or better?

Since their share price continue grow to NAV price with current good yield, the management should be able to hold for a little more time to issue the private placement at higher price, for me best case is NAV price so that the new investor share good and bad together with us, unless otherwise the management can get a very good yield property let say yielding around 8% to 10%, i don't mind the private placement a little lower for long term grow.

This post has been edited by vergil90: Jul 23 2009, 01:03 AM

Ya, i also hope the extra 10mil will bring up the yield for this land.
Ya, will hold and sees how's the confidence going. Don't mind is the management holding the price like ts1 say but the important thing is higher private placement price (coz more money to pare down debts for future purchase and higher NAV).
Jordy, you r right. Without education and the passion to study more things, the Government will always get cheap fund sources easily. See how they later want to sell RM 10 billion ASM.
Still think that beside FD, currently the REIT risk and return better than Unit Trust and similar products.