Post Reply
21-40 of 105
Suddenly shoot up...any good news? Should I sell since already reach 1.28?
Hi do u have any idea what's the yearly dpu?
Today is a Good Day to Buy AscottREIT.
Buy Between 25 Nov 2010 to 29 Nov 2010.
Business: Income Generating Real-Estate Investment; Residences and Rental Housing Property; In Asia-Pacific, Europe and Gulf Region.
Now Trading at $1.20.
1. In an Uptrend Channel with potential High of $1.28.
2. Just Bounded Off its support level of $1.18.
3. Price is below MA30 and could move up soon.
4. MACD lines have flatten and could reverse up soon.
5. Stochastic already crossed and leaving the Oversold Region.
6. Revenue, Profit and Cash Flow for QoQ are increasing and very good.
7. Directors have been Buying up company’s shares since Apr 2010.
Stop-Loss Below: $1.17.
Target Price: $1.28.
More on my Blog at
Alex Trades.
This is just my personal analysis. You invest at your own risk.
Good luck to all.
REITS seem to be going strong now. I think the ascottreits could be poised to go higher and test its resistence level. http://sgsharemarket.com/home/2010/10/ascottreits-moving-to-test-resistence/
Hi, when will we know if the allocated rights shares are deposited in CDP? I bought more excess rights shares as well. I checked CDP (under holdings) and its not reflected yet. Trading of new shares starts tomorrow?
T.P $1.40...will be boosted when mapletree listed its secondary listing
Not bad ex-all drop 1cts only to $1.17 with 1.65%dividend and pref offer shares at $1.07...
Not bad got 1.6% dpu payable too..
: Ascott Residence Trust: Private placement 3 times subscribed
Wednesday, 15 September, 2010 2:16 PM
To:
undisclosed-recipients
Message contains attachments
Ascott Residence Trust (ART SP) BUY
Price/Tgt: S$1.15/S$1.40 Mkt Cap: S$530.9m Daily: Vol 1.22m 1-Yr Hi/Lo: S$1.41/S$0.92
Private placement 3 times subscribed, 1-for-10 preference shares priced at S$1.07
Analyst: Vikrant Pandey/Singapore Research Team Tel: (65) 6590 6623/6590 6626
· Ascott Residence Trust (ART) reported that its private placement of 419.7m units was fully placed at S$1.08/ share, raising S$453.2m. This represents a discount of 4.7% to the adjusted volume weighted average price on 13 Sep.
· The 216.5 placement new units for institutional investors were 3 times subscribed, and 203.2m private placement new units were subscribed by CapitaLand, maintaining its 47.74% stake in ART.
· Existing unitholders of ART will be able to subscribe for 67.9m new units of the preferential offering on a non-renounceable basis of one preferential offering new unit for every 10 existing units held on 21 Sep 2010. The preferential offering new units are priced at an issue price of S$1.07/ unit. The preferential offering will open on 24 Sep 10 and close on 30 Sep 10.
· ART also announced a advanced distribution of 1.6 cents for existing shareholders from the distributable income for the period from 1 July 2010 up to the day immediately prior to the date of issuance of the private placement units.
· The issue price of S$1.08 for the private placement units is in line with our expectations. Maintain BUY with a target price of S$1.40. The details have been attached for your reference.
This transmission has been issued by a member of the UOB Kay Hian Group for the information of the addressee only and should not be reproduced and/or distributed to any other person. Each page attached hereto must be read in conjunction with any disclaimer which forms part of it. Unless otherwise stated, this transmission is neither an offer nor the solicitation of an offer to sell or purchase any investment. Its comments are based on information obtained from sources believed to be reliable but UOB Kay Hian Group makes no representations and accepts no responsibility or liability as to its completeness or accuracy.
Privileged/confidential information may be contained in this message. If you are not the named recipient or addressee, you are hereby notified that
: Ascott Residence Trust: Private placement 3 times subscribedWednesday, 15 September, 2010 2:16 PM From: "steven.koh@cimb.com" View contact detailsTo: undisclosed-recipientsMessage contains attachments2 Files (114KB) | Download AllPrivate_Placement_Press_Release.pdfPlacement_Price_PrefOffer.pdf Ascott Residence Trust (ART SP) BUY Price/Tgt: S$1.15/S$1.40 Mkt Cap: S$530.9m Daily: Vol 1.22m 1-Yr Hi/Lo: S$1.41/S$0.92 Private placement 3 times subscribed, 1-for-10 preference shares priced at S$1.07 Analyst: Vikrant Pandey/Singapore Research Team Tel: (65) 6590 6623/6590 6626 · Ascott Residence Trust (ART) reported that its private placement of 419.7m units was fully placed at S$1.08/ share, raising S$453.2m. This represents a discount of 4.7% to the adjusted volume weighted average price on 13 Sep. · The 216.5 placement new units for institutional investors were 3 times subscribed, and 203.2m private placement new units were subscribed by CapitaLand, maintaining its 47.74% stake in ART. · Existing unitholders of ART will be able to subscribe for 67.9m new units of the preferential offering on a non-renounceable basis of one preferential offering new unit for every 10 existing units held on 21 Sep 2010. The preferential offering new units are priced at an issue price of S$1.07/ unit. The preferential offering will open on 24 Sep 10 and close on 30 Sep 10. · ART also announced a advanced distribution of 1.6 cents for existing shareholders from the distributable income for the period from 1 July 2010 up to the day immediately prior to the date of issuance of the private placement units. · The issue price of S$1.08 for the private placement units is in line with our expectations. Maintain BUY with a target price of S$1.40. The details have been attached for your reference. This transmission has been issued by a member of the UOB Kay Hian Group for the information of the addressee only and should not be reproduced and/or distributed to any other person. Each page attached hereto must be read in conjunction with any disclaimer which forms part of it. Unless otherwise stated, this transmission is neither an offer nor the solicitation of an offer to sell or purchase any investment. Its comments are based on information obtained from sources believed to be reliable but UOB Kay Hian Group makes no representations and accepts no responsibility or liability as to its completeness or accuracy. Privileged/confidential information may be contained in this message. If you are not the named recipient or addressee, you are hereby notified that any use review, disclosure or copying of the contents herein is strictly prohibited. In such a case, kindly discard all its contents and notify sender accordingly regarding such unauthorized disclosure or transmission by email. Opinions, conclusions, statements and other information in this message that do not relate to the official business of CIMB Group shall be understood as neither given or endorsed by it. The contents herein are meant strictly for the use of the named recipient or addressee of CIMB Group. No assumption of responsibility or liability whatsoever is undertaken by CIMB Group in respect of prohibited and unauthorised use by any other person.
The price rising, seems like market is positive on the preferential offering at $1.07. Last day trading for preferential offering is tomorrow 16th, ex trading is 17th Friday. Any opinion on the price movement on 17th ( risk of selling pressure towards $1.07...)?
Ascott Residence Trust has requested for a trading halt this morning pending an announcement. Last night the trust announced the launch of their equity fund raising which will comprise the offering of 487,518,000 new units by way of: (1) a 1-for-10 non-renounceable preferential offering of 67,850,000 new units at an offer issue price of between S$1.07 to S$1.11; and (2) a private placement of 419,660,000 new units at an offer issue price ranging from S$1.07 to S$1.13 to institutional and other investors. We expectthis to be dilutive for DPU in FY10-12. Our target price is pending review till further details are released.
EGM on 9Sept recently already approved the intention to raise fund via rights issues
 25-08-2010, 11:45 AM |
#3 |
|
Senior Member
Join Date: Jan 2000
Posts: 2,151
|
 MikeL09 wrote:
What do you guys make of the above development?
Around 458 million shares would be placed to CapitaLand at discounted of 1.15 as part of fund raising to fund Europe acquisition of 26 properties.
Is it a case of CapitaLand dumping on Ascott? Or Ascott leveraging on CapitaLand?
Judging from the sell down in recent days, investors may be a bit uneasy with the huge exposure to Europe where things are still precarious.
Any upside from the supposedly dividend accretive move would likely be stymied by the sinking feeling from the dilution factor.
Any comments?
Its a little bit of both and it really depends on your prospective. Its a given that for any sponsored REITs, the perception of dumping will always be prevalent. And some REITs does a far worse job than I see what the Capland-sponsored REITs have done. I dun see any problem with exposure to European. The post-acquisition mix still looks ok to me. Its seems to me though that Ascott REITs is changing their focus from being a 'Pan Asian hospitality REIT' to one that encompassed the wider European region. Perhaps it is precisely because things are precarious in Europe that makes the acquisition attractive. While I will want to go through the giant circular in greater detail (looks to be nearly as thick as the yellow pages!), I do judge the proposed acquisitions positively despite the dilution factor. Sell down is always an opportunity to buy more!
|
pharoah88 ( Date: 02-Aug-2010 20:13) Posted:
AscottReit
Last Wednesday (28th August 2010), we highlighted SIA as a case study because a powerful bullish signal was detected from a trend indicator. Thereafter, SIA gained by $0.60 within the next 2 days! Let us take a look at another popular trend indicator called Moving Average.
An uptrending stock can be detected from a Moving Average that is sloping upwards steadily. Next, we will lookout for possible buying opportunities at the support level. This can be characterised when a stock touched and rebounded from an upward sloping moving average. On 13th July 2010, a bullish signal was detected from a key Moving Average on AscottReit before she had rally of 8%!
Interestingly, another similar signal was spotted again in AscottReit on 30th July 2010 (last Friday)! The next step is to determine the profit target, entry price and stop-loss level for AscottReit. |
|
Today is still a Good Day to Buy AscottREIT.
Now trading at $1.16 .
There is an increase in Acc/Dist volume. I think the BBs has just begin to accumulate this counter.
A positive signal. Buy.
Good luck.
alexchia01 ( Date: 02-Sep-2010 15:13) Posted:
Today is a Good Day to Buy AscottREIT.
Currently trading at $1.14.
1. In a Sideway Trend Channel with potential high of $1.27.
2. MACD lines are going flat and showing some signs of reversing up.
3. Stochastic just crossed and moving up. Still in Oversold Region, a good time to Buy.
4. Profit has improve significantly. This year AscottREIT could report a positive number, in contrast to last 2 years results.
5. EGM on 9 Sep. Looking at current strong Buy In, there could be some good news coming.
6. Price has fallen to very attracting level due to recent government measures on property.
This is my personal analysis. You invest at your own risk.
Good luck to all.
|
|
I feel property downtrend has ended yesterday.
Starting today, most property counters would either stabilize or rise.
I'm also looking at Capitaland and CITYDEV, but AscottREIT, to me, is just right to Buy today.
rickyw ( Date: 02-Sep-2010 15:28) Posted:
Hi Alex, Is it property now in downtrend? This for short or long term?
alexchia01 ( Date: 02-Sep-2010 15:13) Posted:
Today is a Good Day to Buy AscottREIT.
Currently trading at $1.14.
1. In a Sideway Trend Channel with potential high of $1.27.
2. MACD lines are going flat and showing some signs of reversing up.
3. Stochastic just crossed and moving up. Still in Oversold Region, a good time to Buy.
4. Profit has improve significantly. This year AscottREIT could report a positive number, in contrast to last 2 years results.
5. EGM on 9 Sep. Looking at current strong Buy In, there could be some good news coming.
6. Price has fallen to very attracting level due to recent government measures on property.
This is my personal analysis. You invest at your own risk.
Good luck to all.
|
|
|
|
Hi Alex, Is it property now in downtrend? This for short or long term?
alexchia01 ( Date: 02-Sep-2010 15:13) Posted:
Today is a Good Day to Buy AscottREIT.
Currently trading at $1.14.
1. In a Sideway Trend Channel with potential high of $1.27.
2. MACD lines are going flat and showing some signs of reversing up.
3. Stochastic just crossed and moving up. Still in Oversold Region, a good time to Buy.
4. Profit has improve significantly. This year AscottREIT could report a positive number, in contrast to last 2 years results.
5. EGM on 9 Sep. Looking at current strong Buy In, there could be some good news coming.
6. Price has fallen to very attracting level due to recent government measures on property.
This is my personal analysis. You invest at your own risk.
Good luck to all.
|
|
Today is a Good Day to Buy AscottREIT.
Currently trading at $1.14.
1. In a Sideway Trend Channel with potential high of $1.27.
2. MACD lines are going flat and showing some signs of reversing up.
3. Stochastic just crossed and moving up. Still in Oversold Region, a good time to Buy.
4. Profit has improve significantly. This year AscottREIT could report a positive number, in contrast to last 2 years results.
5. EGM on 9 Sep. Looking at current strong Buy In, there could be some good news coming.
6. Price has fallen to very attracting level due to recent government measures on property.
This is my personal analysis. You invest at your own risk.
Good luck to all.
THANKS
ALL THE VERY BEST TO YOU TOO, AND YOUR INVESTMENTS TOO,
HAVE BEEN BUSY WORKING ...............
Hi Solomon,
Welcome back to SJ. It's nice to see your posting again.
Cheers!
soloman ( Date: 21-Aug-2010 13:55) Posted:
BUYING $1 BILLION OF ASSEST
RIGHTS ISSUE SURELY COMING NOW ..................... |
|
BUYING $1 BILLION OF ASSEST
RIGHTS ISSUE SURELY COMING NOW .....................
AscottReit
Last Wednesday (28th August 2010), we highlighted SIA as a case study because a powerful bullish signal was detected from a trend indicator. Thereafter, SIA gained by $0.60 within the next 2 days! Let us take a look at another popular trend indicator called Moving Average.
An uptrending stock can be detected from a Moving Average that is sloping upwards steadily. Next, we will lookout for possible buying opportunities at the support level. This can be characterised when a stock touched and rebounded from an upward sloping moving average. On 13th July 2010, a bullish signal was detected from a key Moving Average on AscottReit before she had rally of 8%!
Interestingly, another similar signal was spotted again in AscottReit on 30th July 2010 (last Friday)! The next step is to determine the profit target, entry price and stop-loss level for AscottReit.
Private_Placement_Press_Release.pdf
