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win_88 Member	03-Dec-2009 15:59        win_88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	anyone know when can we sell or buy the rights for this counter?? tk
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Jackpot2010 Master	03-Dec-2009 14:38        Jackpot2010 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Buyer 118k lots @ 20c vs Seller 1.5m lots @ 20.5c. >90% chance it will fall below 20c in the next few days, if not by day end. Wait for rights to drop to 2.5c then buy rights + 15.9c = 18.4c
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victorf Master	03-Dec-2009 11:53        victorf About Contact  Quote this Post!
x 0   x 0  Alert Admin	20 cents is a very good price to enter for more than 10% yield as i expected the dividend to be more than 2 cents per year....NAV is around 31 cents (50% discount if you buy at 20 cents)....the leverage will be low than 30% and one unrealised gain is that the properties have not been really been revalued at a higher price (still roughly remain at March 2009 price) since the economy recovers...potential upside is good if the properties are revalued again and also good dividend yield...good luck :)
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belgeran Veteran	03-Dec-2009 11:44        belgeran About Contact  Quote this Post!
x 0   x 0  Alert Admin	just saw the rights came out today so was wondering.... previously it had 200mil+ shares, given another 200mil+ new shares placement, and now 2x rights issue to all 400mil+ shares?... that would mean the no. of shares has just multiplied by 5x ? what will be the NAV of this stock with all rights subscribed ? $0.17 ?
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belgeran Veteran	03-Dec-2009 11:44        belgeran About Contact  Quote this Post!
x 0   x 0  Alert Admin	just saw the rights came out today so was wondering.... previously it had 200mil+ shares, given another 200mil+ new shares placement, and now 2x rights issue to all 400mil+ shares?... that would mean the no. of shares has just multiplied by 5x ? what will be the NAV of this stock with all rights subscribed ? $0.17 ?
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tradersgx Veteran	01-Dec-2009 16:07        tradersgx About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Date & Time of Broadcast 01-Dec-2009 09:45:51   Announcement No. 00014     >> PART II   1. Date of change of Interest 24-12-2009     2. Name of Registered Holder Stichting Pensioenfonds ABP     3. Circumstance(s) giving rise to the interest or change in interest # Others     # Please specify details Acquisition of shares.     4. Information relating to shares held in the name of the Registered Holder   No. of Shares held before the change 0   As a percentage of issued share capital 0 %   No. of Shares which are subject of this notice 35,714,286   As a percentage of issued share capital 7.32 %   Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0.28     No. of Shares held after the change 35,714,286   As a percentage of issued share capital 7.32 %
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soularis Member	01-Dec-2009 10:54        soularis About Contact  Quote this Post!
x 0   x 0  Alert Admin	price seems to be recovering......
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soloman Master	01-Dec-2009 08:22        soloman About Contact  Quote this Post!
x 0   x 0  Alert Admin	All these shares will trend lower over time .................. Fraser comm is a good example .............
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nickyng Supreme	01-Dec-2009 06:44        nickyng About Contact  Quote this Post!
x 0   x 0  Alert Admin	well....come this 3 Dec...this burger may drop like seow...this reminds me of Fraser Commercial Trust ! :P tread water like seow today ! :P
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soularis Member	30-Nov-2009 23:13        soularis About Contact  Quote this Post!
x 0   x 0  Alert Admin	CIT has sold most of their holdings.... hopefully price recovers from this..... as less selling pressure. also i am sure the underwriter wants to make this rights issue a successful one
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jeremyow Senior	28-Nov-2009 11:36        jeremyow About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Passionate business investor"
x 0   x 0  Alert Admin	We do not know the DPU that will be given after the rights exercise factoring the dilution effect. There are simply too many factors that can affect the DPU going forward. No analysts nor investment companies can predict 100% accurately the future DPU. However, since this REIT has managed to clear it's short-term refinancing, this is an immediate plus point for it. Do consider the future prospects of the REIT going forward and not just focus on the DPU alone. If all the circumstances facing this REIT going forward are favourable, one can expect to see good future developments and naturally the DPU will increase. I estimated the annualised DPU for next year should be somewhere between 1cents to 2 cents per unit. So, considering the refinancing problem has been lifted, one needs to consider the mid-term and long-term prospects of this REIT before investing in it, and should this investment be assessed as attractive, one should still pay as low a price as possible for it's units to ensure a high annualised distribution yield at such annualised DPU of between 1 cents to 2 cents per unit post-rights issue. kingster      ( Date: 25-Nov-2009 17:34) Posted: haha think ur yield is pre-rights lah... post rights, cant imagine how much the yield has dropped! stevento      ( Date: 25-Nov-2009 14:09) Posted: DPU is about 4 cents per year or 1 cents per quarter. This works out to be 4/21X100 = 18.5% yield every year. Quite a good return for REIT.
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tradersgx Veteran	28-Nov-2009 01:23        tradersgx About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	jmv. Initial support at around $0.205(16.03.09 and 18.03.09), failing which, the subsequent support is likely at $0.150~$0.170 (rights price of $0.159). Indicators are bearish; MACD: -0.031, MA Crossover: sma7 days breakdown sma14days, Bollinger Bands: price was stay below the bottom band.
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tradersgx Veteran	28-Nov-2009 00:58        tradersgx About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	MACARTHURCOOK INDUSTRIAL REIT RIGHTS Announced on 2009-11-20 Particulars : OFFER OF 2 FOR 1 @ $0.159 Ex-date : 25 Nov 2009 Buy-In Last Cum Date : 1 Dec 2009 Record Date : 30 Nov 2009 Last updated on 11/21/2009 03:00:04 AM
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focusy Senior	27-Nov-2009 22:01        focusy About Contact  Quote this Post!
x 0   x 0  Alert Admin	who on earth is george wang? see: http://www.nextinsight.net/ do u think u like this man?
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tradersgx Veteran	27-Nov-2009 20:52        tradersgx About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	MacarthurCook Industrial REIT: Sell For investors who are not keen, we maintain our Sell recommendation. Fair valued at 22 cents. MIREIT has reported a gross revenue for 2QFY10 of $11.8 million (-4.5% year-on-year, +7.8% qtr-on-qtr)), net property income was $9.1 million (-2.7% y-o-y, -2.8% q-o-q). distributable income was $5.2 million (-26.2% y-o-y, +28.4% q-o-q). DPU for the quarter was 1.93 cents (-17.5% yoy, +28.4 qoq). MIREIT also announced a series of recapitalization measures. Gross revenue for 2QFY10 was lower year-on-year due to lower recovery of property tax and land rent. However it was higher than 1QFY10F as there was a refund of service charges to tenants in 1QFY10. Underlying rental income from the properties remains stable as can be seen from the net property income. Portfolio occupancy rate for 2QFY10 was 98.8%. Distributable income was higher in 2QFY10 compared to the previous quarter, as the Trust did not make a claim for the industrial building allowance. Correspondingly, DPU and the distributable margin were better this quarter. The REIT recorded a write-down of $37.1 million on its portfolio. Current gearing is 44.7%. Although the REIT will be in a much-improved financial state after the recap exercise, it comes at a substantial dilution to existing unitholders. We adjusted our projections to factor in the recapitalization measures and arrive at a postrecapitalization fair value of $0.22 based on a WACC of 9.8%. Our 3-year DPU forecasts for FY10F – FY12F are reduced 15% – 60%. We would advise long term investors to take up the rights units as we estimate MIREIT offers a potential FY11F DPU of 1.89 cents, which translate to a dividend yield of 11% based on the rights price of $0.159. For investors who are not keen, we maintain our Sell recommendation. Fair valued at 22 cents. Phillip Securities, 11.11.09
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kingster Senior	25-Nov-2009 17:34        kingster About Contact  Quote this Post!
x 0   x 0  Alert Admin	haha think ur yield is pre-rights lah... post rights, cant imagine how much the yield has dropped! stevento      ( Date: 25-Nov-2009 14:09) Posted: DPU is about 4 cents per year or 1 cents per quarter. This works out to be 4/21X100 = 18.5% yield every year. Quite a good return for REIT.
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soularis Member	25-Nov-2009 15:44        soularis About Contact  Quote this Post!
x 0   x 0  Alert Admin	dun short.... this counter is bad for shorting....
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stevento Senior	25-Nov-2009 14:09        stevento About Contact  Quote this Post!
x 0   x 0  Alert Admin	DPU is about 4 cents per year or 1 cents per quarter. This works out to be 4/21X100 = 18.5% yield every year. Quite a good return for REIT.
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nickyng Supreme	25-Nov-2009 12:33        nickyng About Contact  Quote this Post!
x 0   x 0  Alert Admin	just SHORT it when it is open for trading again lah!!! :P
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win_88 Member	25-Nov-2009 12:28        win_88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	sorry..u r right..i misinterpreted yr meaning :D soularis      ( Date: 25-Nov-2009 12:25) Posted: it means you get 2000 rights units for each 1000 shares you own b4 x-date. this counter is so irritating.... keep halting trading!!!
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