Buy @ $0.855
Add back to my portfolio. I previously sold off my entire holdings as I didn't feel comfortable that they were going to acquire a huge asset ($300M) that's not yield accretive.
On hindsight, I was real lucky to have sold the bulk @ $1.01 to $1.025 cd (DPU 3.6616ct) and the last few lots @ $0.995xd (7-May). It's mainly luck as the STI started to tumble during the last days of May and suddenly REITs and Yield Stocks which'd been the darling of the market became unwanted and got dumped in a massive way. Many dropped by more than 10%…
The Private Placement ones @ $0.885 started trading on 10-Jun and again, I was lucky to hold back any purchase as I was expecting a possible sell off as these were placed out on 30-May (market still not too bad). My target price was < $0.875 (Rights @ $0.88 less transaction costs) and today, I decided to take the plunge as STI is +30.74 (most likely technical rebound) while A-HTrust was -0.5ct.
I'm out of cash again and will have to sell something if I want to buy more on any further downside… The possible good news is A$ seems to have stopped dropping… for today… 😀