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wow so pessimistic, lots of $ in the market, no worries :)
INDIA BULLS TO LAUCH BIGGEST IPO IN YEARS - 1.7 B IN SPORE
JTC TO LAUCH IN MID 2008
WHEN THAT HAPPENS LIQUIDITY IN REITS WILL BE SUCKED UP DRY
CURRENT REITS WILL SLOWLY FALL ALSO
Now no more such transaction
Price supported by dividend only
after that, it should drop
Do you thing it will have somemore positive impact on this counter in the days to come?
This may be the reason for the sudden surge in prices for the past few days
SGX-ST Announcement
Allco (Singapore) Limited
Company Reg. No.: 200503404G
Singapore
55 Market Street
Level 16
Singapore 048941
P +65 6438 1191
F +65 6438 1161
For immediate release
6 February 2008
Singapore, 6 February 2008 ? Allco (Singapore) Limited (?Manager?), the manager of Allco Commercial Real Estate Investment Trust (?Allco REIT?) (SGX:ALLC) wishes to announce the following.
On 4 February 2008, the Manager transferred 8,626,966 Allco REIT units (?Units?) to Allco Singapore Investments Pte. Ltd. (?ASI?) and Allco Asset Management Pte. Ltd. (?AAM?), a subsidiary of the Manager, transferred 3,633,053 Units to ASI. ASI is a special purpose company which has been established in Singapore to hold Allco Finance Group Limited?s (?AFGL?) interest in Allco REIT.
The Manager and AAM currently receive management fees and property management fees respectively in the form of Units. On an ongoing basis, the Manager and AAM intend to transfer the Units they receive to ASI.
There has been no change to the ultimate holding of AFGL in Allco REIT. AFGL holds a deemed interest in 121,986, 502 Units (17.28%).
Following this transfer, the Manager continues to hold a total (direct and deemed) interest in 6,826,483 Units and ASI now has a direct interest in 115,160,019 Units.
By Order of the Board
Allco (Singapore) Limited
(Company registration no. 200503404G)
As manager of Allco Commercial Real Estate Investment Trust
LEE SEOW LING
Company Secretary
6 February 2008
When is ex-dividend date for this counter? But I have read through PEOM and DBS forcast, fair value at least at $1.20 per share. Don't know for how long. Can someone comment on this?
what soloman say its true as it is true for all counters.
Almost all counters will drop on the Ex Dividend date.
But if you want dividend play, as in dont wish to put in the bank and collect the 0.35% pa, this is one of the good counter to park your money
Please dont play with more than what u have. As this counter will fall after ex diviend date.
Not an inducement to buy or sell.
How does one know it will drop big time? Waiting to collect x dividend.
$0.745 closing. sign! Wait for Monday.
THIS COUNTER WILL DROP BIG TIME - IN DUE TIME AFTER THAT DIVIDEND
THERE WILL BE PLENTY OF TIME TO BUY - NO ONE WANTS IT FOR THE NEXT 6 MTHS
well, ppl start to panic sell thats well.
But with its good dividends, this counter is good if you want to keep for dividends.
if go down to 0.7 again, i will average down
cheers
down again to 0.75 today :(
Impressive. Today ends at $0.78. PEOM's fair value at $1.20 so I'll hold for this one.
more upside?
the dividends pay by this counter is even higher than those paid by Sinapore Post.
Presentation Slides
http://info.sgx.com/webcorannc.nsf/ef3ba6cb188613ea482571b2003641d3/cf4ed4e8a24b423a482573e20019c88f?OpenDocument
The Distribution to be paid to Unitholders equates to an aggregate of S$47.526 million for the financial year ended 31 December 2007. After deducting the interim distribution of $20.884 million made on 29 August 2007 for the period from 1 January 2007 to 30 June 2007, the amount to be paid to Unitholders for the period from 1 July 2007 to 31 December 2007 is $26.639 million. This represents a Distribution of 3.74 cents per unit in Allco REIT (?Unit?), which represents an annualised distribution yield of 7.6%, based on the Unit closing price as at 31 December 2007 (S$0.885).
Moody's Investors Service downgraded Singapore-based Allco Commercial REIT's corporate family rating to 'Ba1' from 'Baa3' and has continued to place the rating on review for possible downgrade
"The downgrade is a result of Allco REIT's aggressive financial strategy which relied on bridging loans to support an acquisition, this strategy has subjected the trust to significant market and refinancing risks," Moody's said
"The downgrade is a result of Allco REIT's aggressive financial strategy which relied on bridging loans to support an acquisition, this strategy has subjected the trust to significant market and refinancing risks," Moody's said