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Have a look at this
http://newpaper.asia1.com.sg/columnists/story/0,4136,146946,00.html?
One BB is diluting stake on this counter. Thats why the price is down but don't throw in the towel yet. It is close to support. Unlikely the BB will dump the rest suddenly unless there is unknown bad news coming.
I've bought this shares since Feb'07 at $1.34 afterwhich it keeps on staying below $1.1. It seems to be not moving much
. sigh. Though there are a few encouraging reports and results but the pricing is not reaching high. Now, I m thinking should I buy-in more to accumulate or just collect for dividend... Any comments? I m loss as a first time player.
They have only invested in two properties in Singapore so far and is very diversified and expose in other industries in Australia as well so If you are looking at ONLY retail property ReITs in Singapore, I personnally feel that you should lookup some other local ReITs.
Any other research report on this counter?
The performance so far has been dissappointing...
Latest post by Philip Securities on Allco REIT on 31 Oct 2007...TP: $1.60
http://www.remisiers.org/research//allco103107%20tp1.6%20ps.pdf Cheers...
Hi TonyOng76, thanks for the compliments. Hope that the brokerges will cover more on this stock. For me, I personally recommend a "Buy" cos really this stock is undervalued. Mid to long term, I see potential uptrend and stable dividend payout. Full year profit for Allco should be good.
Price target in my personal view is abt $1.25+ average....dun forget that the highest it went was $1.44 for 52weeks range.
Christmas coming soon...hope for the best for this stock...Allco hooraay
Good point on brokerages by s5504703. Afterall analysts working for brokerages must get their bonuses from somewhere. What better way than to profiteer from the emotional reactions of retail investors based on their published recommendations? Better to work out the sums on our own and draw a conclusion from there.
I'm beginning to love stocks where i can buy and then go to sleep without worries. These are good times for value investors to pick up undervalued shares. RSI and STS on daily charts showing oversold and there seems to be some price stability in spite of uncertainties. As long as the dividend yield meets targeted returns can buy. Let's see if the support at $1 holds out.
Agree this is a good stable stock to accumulate. Much better than bank interests and bonds at current prices. Will accumulate more next week at current prices.
One thing good abt this stock is that it's quite stable even when market tumble....quite a defensive stock...
Sadly all the indicators (MAs, RSI, MACD, CMF) all heading down for this stock. CapitalGroup reduced its stake to 12.7% in early Oct. Still at current prices, it gives a good annual yield of 6%. Maybe can pick up for its yield when it drops below $1??
Sometime, brokage house may say something not nice to induce people to sell....then they themselves start to buy in again....
Well, DBS said "not exactly a quality asset, but rental kicker is key". As long it can collect good rental and pay us good dividend, who cares where they buy it.
Allco's current P/NAV ratio is under 1. The market not liking this stock. It probably gonna take a while to reach 1.24. In the past two month allco is trading 1.02~1.15 and follows Williams %R(14d) quite nicely. But I did not make any money from it. I am still holding on. Maybe I will sell when it's William %R is at overbought region.
read somewhere about someone saying keypoint was not a good investment by allco as it is at the fringe of the cbd area. think you might have bought allco reit during june or earlier.
The company has posted on SGX that it has completed the aquisition of Keypoint.
While price run up up ? I bought the share are 1.24 ... then see it drop to 1.02.
Wander whether should still hold on to this or not ... hope someone can advise ... thanks
Same as Mapletree. Two Thumbs Up for Long Term Investors. Cheers
A good set of results. Skimming through the consolidated results for AllcoReit, I see two things that are important:
1. Actual revenue and income are higher than that forecasted. This can only bode well for the company and indirectly the share price.
2. Based on unaudited financial statements, NAV (excl distributable income) = $1.34.
There is a discount of over 28.8% to NAV based on closing price of $1.04. The discount to NAV excludes DPU of $0.0159 for the quarter.
Stock seems to be rather undervalued ...
Volume picking up......
ALLCO REIT cheong Arrrrrrrrr.....
