Post Reply
41-60 of 256
REUTERS
Moody's earlier on Tuesday downgraded Allco REIT's rating to Ba2 from Ba1 and said the rating "remains on review for further possible downgrade". .
(Reporting by Daryl Loo and Melanie Lee, editing by Kevin Lim and Neil Chatterjee) -
SINGAPORE, March 18 - Allco Commercial Real Estate Investment Trust , a Singapore-listed trust, on Tuesday dropped a legal bid to stop Moody's from downgrading its shares, the city-state's high court and sources familiar with the deal said.
yup going strong:)
technically can see it rising and be good to see it above $0.835...there might accumulation...due to some reasons...or it could also be technical based on charts
any news ? been rising this few days
let it go above $0.835 to be bullish...if wanna confirm...let it close above $0.835
allco ... the sleeping giant has finally woke up ... trending nicely 
resistance at $0.83
Now $0.825 already. Still going strong.
Thanks Solomon. I will probably go in at a higher price than 62. Prepared to collect dividends for long term investment.
looks like support well at 0.73
On TV this morning, CNBC reported MacQuarie Group is making a bid for Australia's Allco Finance Group (AFP) due to its low share price.Note that AFP is a substantial shareholder of AllcoReit.
How will this bid affect share price of Singapore listed AllcoReit?
don bet on it... no doubt that allco need to raise equity capital soon.
hope they wont issue new shares to bring their debt down
Dear Junction bro,
1) currently the price is already attractive to me
2) personally I am looking at Allco for my retirement needs. The NAV looks very good
3) However, as mentioned , sub prime is a problem. The gearing is currently quite high and management has some matters at its hand too. The mgt has said that they will be looking at banks to fund the massive debt due in approx Jun 2008.
As such, the price is dependent on sub-prime and company factors now. I am looking at approx 62 cts to go in if you are really interested to know.
But I will go in only at 40% and will go in another 60% if it drops below 60
4) Moody downgraded Allco due to debt as Allco used bridging loans .allco has clarified that they are now negiotiating with banks, which is a good thing.
Hope they get their loans settled ASAP at low rates.
Bye, all the best to you.
Solomon,
Yes I am vested. I am waiting to collect more as part of my diversification cos it is very much better than leaving my money in the bank. Any advice on what price to collect?
ok. bought at $0.75, sold at $0.765. $20 profit. Enourgh to go to movies for 2. 
Hey Junction bro, seems you are vested in this allco company ?
could be any at any time due to aby reason - company or sub prime
Solomon,
Which is it? Dropping BIG TIME or DOWNWARD BIAS?
This guy ex-cd on 12 Feb (Tues)
After that, downward bias