| Latest Forum Topics / AIMSAMPIReit |
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This counter good for long term dividen yield
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KiLrOy
Master |
27-Jul-2011 21:49
Yells: "I buy only what I can see." |
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risk quite low.. like the gearing for sure. | ||||||||||||
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edchai
Senior |
27-Jul-2011 12:14
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DPU is 0.53 cents (was 0.54cents last year). Good or bad ?? Anyway, 13 mil share @ 0.22 bought by buyers this morning (27 Jul) and the Ex-date is on 02 Aug. | ||||||||||||
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wongmx6
Veteran |
24-Jul-2011 07:41
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This is a good counter, i advise u to get some info from this link before taking any action http://singaporeanstocksinvestor.blogspot.com/. | ||||||||||||
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edchai
Senior |
23-Jul-2011 21:56
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BTW, I will buy some units next week. |
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edchai
Senior |
23-Jul-2011 21:53
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Thanks for the info and this is really helpful. I remember I read it somewhere that around 40% of AIMSAMPITRIT tenancy contracts expiring in year 2013. So, its future is quite unpredictable unless SG economy remains strong in 2013 and beyond. I also did a simple check on CIT last week (not as extensive as yours) and CIT seems performing reasonably well. Thanks again for the info. |
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james87
Veteran |
23-Jul-2011 14:18
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I did a search online. For your info... This AIMSAMPIREIT is the former MI-REIT which almost went bankrupt and had to do placements and issue rights to finally stay above water. So on the initial look, it might look like a shady investment in a company whose management might be extremely bad because of the saga. However, on deeper exploration, this REIT appears to be offering itself at an extremely reasonable price. A very brief history: MI-REIT, short form for McArthurCook Industrial REIT, IPOed in 2007 at a price of $1.20. (Btw, my mum bought 2 lots at IPO). Something went wrong with their financing, and they had to give placement shares, as well as issue 2 for 1 rights at 0.159, to ensure the REIT stays solvent. Since then, the original manager of MI-REIT has moved on to Cambridge Industrial Trust (CIT), and the REIT is renamed as AIMSAMPIREIT to reflect the white knights. Reasons: For a start, AIMSAMPIREIT is at 28.7% gearing, among the lowest in the industrial REIT sector. The calculation of the yield is at a conservative minimum of 8.8% at the moment assuming an annual yield of 1.9cts per share although I'm expecting at least 2cts. Only First REIT, LippoMapleTree and CIT offers higher yield, with First REIT and Lippo having lower gearing, but most of their assets in Indonesia, and CIT offering higher gearing and a management I don't really trust.  AIMSAMPIREIT's white knights are from AIMS Investments and AMP Capital, two rather big investment companies originating from Australia. To me, the fact that they are willing to take the plunge and stepped in to save the REIT shows that they are not a simple lot. And in fact, AMP Capital manages a lot of pension funds for Australians, giving credibility to their financial muscle. This fits one of my criteria for a REIT that it must have a strong sponsor. This is it. Also, almost all of AIMSAMPIREIT's properties (with the exception of 1 Japanese building) are in Singapore. The tenants have moderately long leases, and this ensures constant rental income for the next few years, and likely too, a constant DPU, even if it's not increasing. Finally, looking at the chart, AIMSAMPIREIT is one of the few REITs left that are not very far from its lowest point in March 2009.  The normal Technical Analysis that we commonly learned might not appear as well on this chart as the volume is extremely low. However, the lowest post-rights was about 0.175, which isn't too far from my purchase price of 0.215. More upside could likely be seen. Even if market were to crash now, I believe that the 20c mark would be a stronghold against the bears. These.... are some of the simple reasons which I considered before putting my money into AIMSAMPIREIT at 0.215... |
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edchai
Senior |
23-Jul-2011 13:41
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Hello everyone, I was looking at REIT data and looks like this counter is one of the best in delivering dividend. However, I do have question about this counter, and hope you can help. Its IPO price was $1.20 and I don't see any major capital restructring e.g. bonus issue, expect two rights issue in year 2009 & 2010. However, the current price is 0.22 ! Why ? I can see a big price dropped in mid-2008 and this counter is having hard time to recover. Even with good dividend yield (based on its cuurent price), I cannot imagine the capital loss especially those who invested since its listing back in year 2007. Comment ? |
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a06724
Member |
19-Oct-2010 16:20
Yells: "Huat ah...." |
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Try this http://reitdata.com/ for your data summary. http://singaporeanstocksinvestor.blogspot.com/ for other REIT insight |
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YSL888
Senior |
19-Oct-2010 09:46
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Thanks v much for yr advice, Which reit would invest? Base on stable dividend n not so scarely price movement for long term holding? Tks
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a06724
Member |
19-Oct-2010 09:14
Yells: "Huat ah...." |
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If you are a Singapore tax resident, dividends is withholding-tax free. I am unsure if you need to declare this in your Income tax and form of income or that it is automatically included. If you are asking about the Rights, a way for the company to raise money from it's shareholder. If you already own shares in the company, then you are entitled to it - called Rights. Here it offers shares at 0.155 (vs market's 0.23) to the shareholders and at the ratio of 7 new shares for every 20 shares that you already own. If you don't have the $$ for this, then sell the rights away. Your broker will be able to do that for you. |
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YSL888
Senior |
18-Oct-2010 22:13
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Hi, I'm new in reits investing, could anyone help to guide with yr advices? I have a question abt dividend as below, pls advice. Thanks
What is the LESS TAX means, is it after tax already? How do you all collected the dividend $$? What is the right offer? If I dun have money to buy the sgd 0.155, will i lose out? And also advice what is TAX EXEMPT beside a dividend declared? Also why some dividend dun have any thing beside the dividend declared, does it means this will be tax in our income tax? Thanks very much for yr advice. |
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Mushun2408
Member |
18-Oct-2010 13:55
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Check your CDP account again. The alloted shares should be in the account by now. I received mine.
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fbap0124
Member |
18-Oct-2010 13:39
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Anyone applied for the rights? What's going to happen next? I applied through ATM and some money is returned back, but I don't see any increase in no. of lots?  (1st timer in applying rights)
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maxliukt
Member |
28-Sep-2010 20:38
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Thank you. i received it today. | ||||||||||||
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jeremyow
Senior |
28-Sep-2010 01:27
Yells: "Passionate business investor" |
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I have received my rights application form notification today (27 Sep). If you do not receive yours by tomorrow, you can call up CDP (tel: 65357511) to check and confirm on the number of rights entitlement credited to your securities account so that you can accept and make payment for your rights units through ATM as well as apply for any excess rights. The rights acceptance period last till 7 Oct (9.30pm) by ATM application (for ATMs of participating banks only), so you still have one week plus to sort things out. Hope you can clear your rights acceptance soon. :-)
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maxliukt
Member |
27-Sep-2010 19:48
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I still have not receive the notice of rights i would receive???? what to do now??? |
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Juzztrade
Veteran |
23-Sep-2010 14:10
Yells: "Techincal and long term investor" |
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One of my favourite stock. Must invest more. |
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nickyng
Supreme |
23-Sep-2010 14:04
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wah!! wat's ur buy price for mother share during CR ahh?? :P
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sureesh40
Senior |
23-Sep-2010 09:08
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Thanks for the clarifications.
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a06724
Member |
23-Sep-2010 08:34
Yells: "Huat ah...." |
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�� Rights Issue acceptance period>
Thursday, September 23 – Monday, October 1 Rights in CDP liao. ATM accepted and hopefully I got all the excess that I applied for. Everyone huat ah..... ^-^ |
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