Sell @ $0.215. Buyer '11' – MF Global. I think they must be the one buying up aggressively. 😀
As mentioned in my earlier post for Cambridge, I have decided to reduce my stake in AIMSAMPReit. It xd tomorrow for an advance DPU = 0.285ct due to their just concluded Private Placement @ $0.1976 (10% discount). Although the Yield @ 9.5% with Gearing @ 34% looks attractive, I'm quite concerned about their seemingly aggressive intent to grow their AUM (Assets Under Management). This means more Equity Fund Raising Exercise + Private Placements (at hefty discounts). They have also indicated their intention to expand into China market in an interview with Edge Magazine.
As I have a lot of AIMSAMPReit shares due to recent purchases and 2 Rights Issues, I have decided to reduce my stake. I'll either switch to other equally risky Industrial REIT such as,
- Cambridge : Yield = 9.2% @ $0.515 ; Gearing @ 33.4%
- Sabana : Yield = 8.85% @ $0.975 ; Gearing @ 26.5%
- CLT : Yield = 8% @ $0.96 ; Gearing @ 23.4%
I may also buy back AIMSAMPReit on any price weakness. The ideal price would be 19.76ct (Placement) + 0.285ct (Advance Div) = 20.045ct or lower. 😀