Buy @ $0.205
Average up my $0.188 ones to do short term bets. Yield = 6.44%. Recent surge is largely due to positive reaction to news that Japan intends to print money freely, following the example of USA. In the short term, this has caused Yen to weaken but the expected longer term benefit is a recovery from their decades long deflation. Next DPU payout will potentially be lower.
The optimism in share price (hit a high of $0.23) is however being negated by the continuous selling by the ASM funds, which are managed by Kin Chan / V-Nee Yeh, who're also the controlling shareholders of Saizen. Lowest price they sold at, is $0.2097 for 2,829,000 shares today. I was hopeful their lower cap would be $0.215 based on yesterday's data but now, it looks like they may even sell at $0.205! Looks like my short term punts are going to turn long term soon…:D