Sell @ $1.01, $1.015
Have decided to sell cos' of impending Fund Raising for their proposed $300M purchase of Park Hotel @ Clarke Quay. Most likely, they'll announce the details with the upcoming Q4 Results on 29-Apr. Actually, there's a very strong possibility that share prices will not drop as,
- REITs are the latest market fad for it's yields during this period of super low bank interest
- A-HTrust Yield is high, close to 7% with upcoming DPU estimated to be 3.35ct
- Market is still bullish (when market is bearish, Rights Issues usually results in a sharp fall in share price)
- Recent Fund Raising Annc by FE-HTrust & AIMSAMPReit had not resulted in any sustained negative price reaction
Nevertheless, I'm currently more likely to continue selling and perhaps even all of it. Main reason is my cash flow is low and A-HTrust is my No.1 candidate to sell to raise funds.. 😀