Sell @ $0.745
Jump-Q at 5pm matching to clear my tiny stake. I just couldn't resist the temptation to take profit, especially since I'm totally out of Free Cash. In fact, I was even planning to take a couple of $$ Loss by selling at $0.725 in the AM so that I could buy Neratel…
At $0.745,
- Yield = 8.64% remains the 2nd highest of all REITs
- Gearing = 35.8% is just above my danger 35% level ie. Good Chance of New Shares Issues which are usually DPU Dilutive
- NAV = $0.73 ie. 2.05% Premium
In addition, FOREX Risks means a further strengthening of S$ can be detrimental to Yield (DPU) & NAV. Will be +ve if A$ stregthens.
Still, if not for my need to raise Free Cash (for Opportunistic Buys), I'd have very likely keep it till the next Q when they do their semi-annual DPU Payout… Will likely vest again if it should drop… 😀