Buy @ $1.78
Cheap thrills… buy back. I'd sold some due to my fears of negative market reaction to their proposed Changi Point acquisition which will be funded by Debts + Equity (Hi chance of Private Placement based on track record – David's observation). But, recent negative reactions to new Equity Issues had been short-lived eg. AIMSAMPReit (Rights) & A-HTrust (Private Placement). It'd appear that market is not as fearful as I'd thought, despite QE Tapering and a definite interest rate rise in the not too distant future…
Anyway, the acquisition had been stated to be DPU accretive but this will most likely be due to a trade-off of higher Gearing. On the plus side, I suppose there'll be subsequent AEIs to Changi Point which'll improve EPU… 😀