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possible to return to previous heights?
tajixu ( Date: 20-Aug-2008 21:19) Posted:
This counter has high yield of around 18%......it has dropped very much and reached its all time low today. Is it time to go in now?
| S$0.450 |
-0.020  (-4.3%) |
Buy: 0.450 |
| Vol: 17,000 |
Sell: 0.455 |
| 2008-08-20 4:55 PM |
|
|
|
| Open: |
0.460 |
No. of Shares: |
177.937m |
PE: |
1.4 |
| High: |
0.460 |
Mkt Cap: |
S$177.937m |
EPS: |
A0.256 |
| Low: |
0.450 |
26-Wk High: |
0.940 |
Div: |
A0.0263 |
| Last Close: |
0.470 |
26-Wk Low: |
0.450 |
Yield: |
13.2 |
| Remarks: |
-- |
Avg. Vol: |
54,898 |
NAV: |
S$1.343 |
|
|
1 June 2010 ASX Code : MPS
SGX Code : MacCookPSF
MacarthurCook Property Securities Fund –Portfolio Update
1. Balance Sheet (Unaudited Accounts)
30 April 2010
Total Assets $102.8 million
Debt $38.5 million
Net Assets $62.8 million
2. Market Capitalisation
As at 30 April 2010 A$13.7 million
S$18.0 million
3. Unaudited NTA Position as at 30
April 2010
The unaudited Net Tangible Asset Value (NTA) as at 30 April 2010 (after management and
other fees) is as follows:
ASX SGX
NTA per unit
1 A$0.3483 S$0.4413 3
MPS unit price
% discount to NTA
2 A$0.076 S$0.11078.18 75.07
1. The above NTA figures are an estimate by the Responsible Entity based on the available
information from each underlying investment.
ACTUAL VALUE OF THE UNDERLYING INVESTMENTS AND SHOULD NOT BE
RELIED UPON.
the above NTA figures by any person and accepts no liability for any loss that may arise in
connection with any such reliance.
2. Security priced at last sale price as at 30 April 2010.
3. Based on AUD/SGD Exchange Rate of $1.2669, as at 30 April 2010
THEY MAY NOT REPRESENT THEThe Responsible Entity takes no responsibility for any reliance placed on
I have been following this counter for quite some time. Their property is mainly in Australia which I deem not diversify. One of their strategy is to sell unlisted property to pay off debt and buy REITS. Personally, they should increase their Child Care Center's holding across Asia and maybe invest in confinement centers. It's just too Australian.
did u guys read this?
PROPERTY funds manager MacarthurCook is holding a gun to the heads of its shareholders. It has been forced to admit that it could be in financial difficulties if they do not ratify the defensive poison pill share placement to IOOF Holdings, which the board made to head off a potential takeover bid from AMP Capital.
Moreover, its problems are self-inflicted. Its debt blowout is due to MacarthurCook acquiring units in two of the funds that it manages, MacarthurCook Industrial Property Fund (MIFS) and MacarthurCook Property Securities Fund (MPS).
The purchases were largely funded with short-term borrowings as MacarthurCook intended to sell the securities, but a plunging share market has left the company unable to sell at a price the board views as in the best interest of shareholders. In other words, the company would be forced to incur significant losses.
MacarthurCook admits that if shareholders do not ratify the placement it no longer has sufficient cash to repay IOOF. Presumably the funds have already been used to pay down debt.
Moreover, it concedes that it would be "extremely difficult" to raise additional debt on commercially acceptable terms, and is unlikely to be able to raise equity on as favourable terms as the placement. And if it were forced into asset sales they would probably be at well below fair value. If MacarthurCook were forced to repay IOOF it would have a significant adverse impact on the company's financial position.
Actually,yield high is proportional to share px, which have been dropping. So why so excited about the high yield.
am i wrong, pls correct. thanks.
This counter has high yield of around 18%......it has dropped very much and reached its all time low today. Is it time to go in now?
| S$0.450 |
-0.020 (-4.3%) |
Buy: 0.450 |
| Vol: 17,000 |
Sell: 0.455 |
| 2008-08-20 4:55 PM |
|
|
|
| Open: |
0.460 |
No. of Shares: |
177.937m |
PE: |
1.4 |
| High: |
0.460 |
Mkt Cap: |
S$177.937m |
EPS: |
A0.256 |
| Low: |
0.450 |
26-Wk High: |
0.940 |
Div: |
A0.0263 |
| Last Close: |
0.470 |
26-Wk Low: |
0.450 |
Yield: |
13.2 |
| Remarks: |
-- |
Avg. Vol: |
54,898 |
NAV: |
S$1.343 |
yield up to 16.7% liao. will it go up to 20%?
another point to add.
AUDSGD 1:1.28
victor_lee ( Date: 22-Apr-2008 15:20) Posted:
Hi All,
At current price, think it's worth a look at this counter again. With Div ~ 0.10AUD, the yield is ~ 16%per annum and throw in the div reinvestment, the annual yield comes up to abt 18%. Gd for the long term.
|
|
Hi All,
At current price, think it's worth a look at this counter again. With Div ~ 0.10AUD, the yield is ~ 16%per annum and throw in the div reinvestment, the annual yield comes up to abt 18%. Gd for the long term.
Back to $1.40
Even earthquake may not shake this.
XD today... Congrat to those who hold on to it! But have to wait till 26 Jul to get the dividend in your bank account.
sohguanh: I do have a few REITs for dividends: long term gain; and other counters for short term capital gain... I don't put all eggs in 1 basket...
Well, for REITs, mainly look for NAV. I bought at a low, hence no worry in the near future... unless market crashed and in recession, then asset value will depreciate.
For MacCookPSF, we trade in SGD here... so don't really feel the exchange lost... dividend in AUD, more gain in exchange as AUD is strong... looking at Aust strong economic, the exchange rate is very unlikely to fall to 5 years ago level unless something catastrophic happen.
Pinnacle: are you a pure REIT kind investor? you seem to have quite a few such counters. aren't you worried MacCookPSF dividends are in Aussie dollars? you may gain this year but other year may lose out due to currency exchange? or it is the same for all foreign owned REIT stock?
Great counter!!!
Blood shed for 3 consecutive days everywhere, but this counter stay put!!!
Waiting for my dividend to come in on 26 July...
Take note, XD on 27 June...
With Distribution quoted in AUD, investors of this fund will get higher yield since AUD/SGD exchange has reached a high of 1.30 currently.
Also note that this counter been very stable even during the Feb sell down.
Cheers.
Great yield!!! Great fund!!!
Bought at SGD$1.20... Got both capital gain and high dividend... Going to keep this counter for long long time.
The Directors of MacarthurCook Fund Management Limited, the Responsible Entity for the MacarthurCook Property Securities Fund, are pleased to announce that the distribution rate for the quarter ending 30 June 2007 will be 2.375 Australian cents per unit (A$0.02375).
This will be paid to Singaporean registered holders in Singaporean dollars at a rate to be fixed based on the prevailing exchange rate in the days before the payment date.
MacCook just posted a strong set of results!
6 mths net profit increased 209% vs previous 6 mths.
DPU for the 6 mths AUD 0.0475 in line with forecast.
Slow and steady fund.
At the current price, this counter is giving about 8.5% of tax free yield. Quite attractive. Support should be around 1.21.
