Buy @ $0.81, $0.805
I mistakenly left 8 lots in TY's account when I thought I'd sold off all her holdings recently… eye-sight not good… see '8' as '0'.. So, decided to quickly buy some today, before the results announcement.
My recent sale was based on my estimate that DPU will be lower than last Q of 1.25ct as they'd refinanced their MYR (Ringitt) and there's likely going to be a Refinancing Expense which'll drag down the DPU. However, after mkt close, they announced DPU = 1.27ct! On closer inspection, Revenue was slightly lower yoy and most expenses were higher (including Finance Expenses). However, one 'Other Property Expenses' was greatly reduced, which resulted in a higher NPI and thus, DPU. Me thinks massaging at work and we may see a higher expense being deferred to next Q… which will likely be mitigated by lower Borrowing Expenses (newly refinanced at lower rate)…
Anyway, still good news for me as I'm vested. Will stick to my original short term plan and will try to sell. If stuck, then try again next Q.. 6%+ Yield ought to compensate me while I patiently wait….. 😀