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Allco announce their financial statement today which I was not mentally prepare for it. Anyway their dividend yield is now over 10%, highest among REITs. If no bad news, why the beating on the stock.
dunno any bad news leh...hmm...this is getting interesting...hee...when in DOUBT ...SHORT ! :P
Well, can anyone know what is the so called "bad news" ?
Or is there any news reported by the mgt ?
wow..64.5cts lowest...seems like "left_bug" might be right !! hee...
I never short before. Don't want to try. 0.63 is not far away.
juz SHORT when in doubt....hee...
Allco is not in manufacturing. They get their income from rental. Could it be a scandal? Fraud?
wow...66cts now..hee...must be real BAD news....joined in the FUN yet ?!?!?! :P
Yeah, awful. that's what happen to my in-no-value. Big sold off right before the company warning. SGX never ask why the big drop only ask why the big rise. I admire Nick for his shorting skill.
hee..shall we join the big BASH ?!?!? hee......
just be careful always big boy get first hand info , they dump first before the bad news !!!
63cts?!??! wow...u r asking too much rite?? hee..then again..it might be possible :P
I queue at 0.63 which is 10% dividend yield. No REIT is that high now. But again how low is low is a good question? I think it's time for allco to explain why the big drop.
wow...wat happen ??!? hee...any1 SHORTED?? short until addicted har?!?! hee..
| Time | Last | Vol | Buy/Sell |
| 09:43:09 | 0.665 | 5 | S |
| 09:42:33 | 0.665 | 50 | S |
| 09:41:27 | 0.660 | 250 | B |
| 09:41:06 | 0.665 | 37 | B |
| 09:40:43 | 0.670 | 12 | S |
| 09:39:35 | 0.670 | 8 | S |
| 09:39:20 | 0.670 | 5 | S |
| 09:39:13 | 0.665 | 9 | B |
| 09:39:09 | 0.665 | 250 | B |
| 09:38:59 | 0.670 | 315 | B |
| 09:38:37 | 0.675 | 4 | S |
| 09:38:20 | 0.675 | 10 | S |
| 09:37:45 | 0.675 | 30 | S |
| 09:37:26 | 0.675 | 3 | B |
| 09:36:33 | 0.675 | 27 | S |
| 09:35:47 | 0.675 | 48 | B |
| 09:35:43 | 0.675 | 5 | B |
| 09:35:36 | 0.675 | 4 | S |
| 09:35:19 | 0.675 | 10 | S |
| 09:33:38 | 0.675 | 15 | B |
har?? NAV so high? wow...comparing to MMP..seems like this burger not v. steady leh....hee
anyway in time of panic i think if it's worth is there..can scoop and collect abit...u wont know when low is LOW :)
Allco Reit's gearing is around 33%. NAV of $1.34 means at $0.70, it is trading at a ridiculously steep discount to NAV of 47.8%. Yield is close to 9%.
Valuations and ratios wise, I would say it is a strong buy. Market sentiment plus the fact that some institution could be unloading prevents me from averaging down.
Based on the last announcement, Capital Group purchased 1,771,490 shares from 19 Dec 07 to 18 Jan 08. Don't know whether they are selling again.
I bought at $1.07. Haiz...just hold and see how it goes lor...
Like I said, some REITS will become better buys in due time of panic
The time has not come yet, according to Jim Rogers
Normally REITS come doen hard as people park money for retirement, divi, etc
Some of them will therefore panic in such times
Gearing = Financial leverage : Use of debt to increase the expected return on equity. Financial leverage is measured by the ratio of debt to debt plus equity.
sorry what is the meaning of gearing or gear ratio?
Thanks for sharing :)
Not sure the exact, believe to be > 40% at least as mention in that articles. Dun ask me which & where as I can't recall....probably in one of the analyst report.