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allco reits

Assuming the past few days average closing is 85 to 90 cents = 87.5 cents. 10% will lead to 78.75 cents. So give and take will be around 75 - 80 cents. This is not a bad deal and you can apply excess rights if other ppl dun wan. 1 for 4 does not mean say you have 1 lot you are not entitled any rights share. In fact you should be entitled to 250 shares. Then you apply excess rights share of 750 to round up to whole lot. In general company will help shareholders to round up to nearest lot FIRST before satisfying other excess rights share request. Let's wait for the rights issue price to be announced before making any decision :)
 

 

The prices seem to have found some stability at around 86.5 cents. Wonder if the share price would be brought down further in the afternoon. Seems to makes sense from the BB's perspective. Maybe can still pick up some lots cheap and sit on it??

 

For every 4 shares, you can buy 1 share at a price to be set.  It seems they are setting at about 10% less than closing price/average closing price of last few days.  For value investing, this is highly recommended.  At 86 cents, you certainly get very much better than POSB or any Fixed Deposit you can find in local currency.  Ackeng should not worry unless you buy shares for short term gambling, in which case you would be better off putting your money in CPF.  Today is the last day you can buy in to be entitled for the offer.

 

1 for 4 offer? Is it 1 share split into 4 shares or every 4 share give 1 share? When is the last date for buying into entitle this. Thks

 

ackeng ... you can pick up the 1 for 4 offer and more than what you are entitled to. I don't know what's your strategy i.e. trading or value but if you are a value investor time is surely on your side. At some point, the share price will reflect the intrinsic value of the stock or even higher. By then you may have makan dividends many times over as well as recoup the original capital of the stock.

 

OMG!! 0.86 only.....will it ever climb back to $1.00 ? ...I bought it at $1.03 2 months ago and thought it was a good deal.....i begin to loose faith in it and the stock market...looks like my POSB saving account is a paradise for the $$ I left with... (T.T) *sob!    

 

Seem that a lot of people are starting to put their focus on this stock....just that they do not know what is the best price to enter....any way...$0.80+/- is consider fair price. remember the IPO is $1.00.

 

Candle, that was very good of you to share.  Thanks

 

Tony, i trade as well as invest. i do long and short, while taking profits and cutting losses along the way.

Candle, great table. must be alot of hardwork putting it together.

 

 

table to share. u decide which s reit is better.

 

Yield	Type of Reit/Trust	Current Price	Premiums to NAV	Net Asset Value	IPO Price
10.31%	FirstShip Lease	0.865			0.95
10.20%	Babcook&Brown Structured Fin Fund	0.935	4%	0.90	1.06
10.19%	CamReit (Indust bldg)	0.655	-2%	0.67	0.68
8.87%	First Reit-indonesia hospital	0.76	-14%	0.88	0.71
8.78%	Lippo-Mapletree Indo Retail Trust	0.665			0.80
8.15%	MIIF-infaStructural assets	1	-8%	1.09	1.00
7.43%	Saizen Reit	0.875			1.00
6.76%	MacCooklReit-indusrtail bldgs	1.1			1.20
6.72%	Allco(half yearly) Shopping Malls	0.89	-26%	1.20	1.00
6.42%	MMP-Reit   (NeeAnnCity)	1.03	-18%	1.25	0.98
6.41%	SPAusNet	1.63	0	0	1.75
6.29%	PACIFIC SHIPPING TRUST US$	0.45			0.45
6.11%	Rickmer Maritime-container vessels	1.4			1.52
6.03%	A-Reit (Indust bldg)	2.25	68%		1.10
5.81%	MLT-industral bldg	1.1	28%	0.86	0.68
5.78%	ParkwayLife Reit (Hopital)	1.05	-16%	1.25	1.28
5.53%	CitySpring-utilities	0.935	30%	0.72	0.89
5.31%	Singpost	1.13			0.76
5.21%	Ascott (service apt)	1.43			0.60
5.14%	FCT  (shopping Malls)	1.3	30%	1.09	1.03
5.09%	Suntec (Suntech Office)	1.62	42%	1.14	1.00
4.72%	YellowPage	1.06			0.75
4.15%	Asc_India Reit (malls)	1.42	0%	0.00	1.18
3.75%	CCT (office)	2.27	31%	2.39	1.00
3.61%	Hotel-Reit        CDL	2.14			0.83
2.91%	CMT -malls	3.16	52%	2.08	1.00
2.76%	CapitaRetail China Trust-china shoppingMalls	2.61			1.13
2.38%	K-Reit  (office)	1.3	31%	2.00	1.00

 

Not only does it pay to be patient in this case it also pays to have done your FA sums. Even then, i don't think the time is right yet unless there are brave investors who are already willing to buy AllcoReit now for the rights despite recent economic weaknesses. But if reach 80 cts i will deinifitely buy if there is not negative news flow.

178investors, are you a trader or investor? Just curious what's your trading/investing philosophy?

 

Preference shares likely price in the low 80s. Think before jump.

 

Agree AllcoReit is the best among the S-Reit.

Surely will invest when the time is right.

 

Think this stock is down mainly because the whole market is also down. Think now can buy in to keep. heeheehee...

 

If you look closely, since late last month, all Reits or related counters have been under selling pressure by the BBs. Not to mention any negative news like the 'RI' which being seen like there're out of funds to continue whatsoever initiatives thus, have to ask from shareholders.

With ever rising inflations and oil prices, business profits will be squeeze as consumers tighten their belt and MAS will be force to take action over time to raise interest rate when S$ appreciation come to a halt sooner or later. Bad year's coming next year or next?



 

 

As mentioned before, one BB is in the process of selling down their shareholdings in this counter. At the current price, that BB still make a profit. Moreover, the rights issue is casting a cloud over it.

See little price support here.

BTW, at current price of 92cents, anyone know what's the yield now?

 

This is a good stock being sold down...what a pity....hopefully...a white knight will come and pick it up...allco reit...cheong arrrr........hope to hear more good news from this counter....

 

I read the announcement by the company and found so many details missing. What are they up to? Anyway from the announcement and price action it appears that the management is trying to fix the price for the rights by smashing the price down! That's normal anyway. What's interesting is the MD is buying some for himself 2day. Trap or opportunity. Although this counter is touted with high price targets by various brokers it does not appear to be performing. What this means is simply - no potential no story no growth n therefore no support = price erosion. Btw they just had a cash call not too long ago so if the distribution is not enough to pick up the rights man there is going to b a big sell down. So watch it carefully if u r invested.

 

Yes, you get 1 new shares for every 4 shares holding.

Steady, they will send you the circular in due course, with everything explained. You do have to pay for the new shares, but guess they will declare distribution at the same time so you can use the distribution to subscribe the new shares.

Hope this helps.

 

Hi anyone...just for enquiry, for this case, is that for every 4 shares of allco reit I held, I will get 1 additional share....is it???? Do I need to pay for the additional share or execute any action??? Anyone...pls help to clear my doubts...thanks.