SB REIT @ $0.7207

Buy @ $0.725, $0.715

New listing from 2pm. IPO price @ $0.78 but didn't apply as free float (Sponsor 27% + No Cornerstones) is too high and coupled with an unknown sponsor, was expecting price to open weak. It opened at $0.77 and within 10mins, dropped to $0.735! Closed @ $0.715, Stabilising Mgr used up 25Mil (of 56Mil+)  at $0.76-$0.77.

Prices may continue to be weak and will trade on opportunity. Will hold for longer term as Yield = 8.15% @ $0.715. 🙂

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