Sell @ $1.54
Last day of cd. Last few minutes being bought up, take some profits first. DPU = 2.3754ct was lower than last Q = 2.4608ct… Looks like most of the easy DPU accretion from Alexndra TechnoPark (not renewing Master Lease) had been recognised… NAV = $1.55.. Looks like upside is limited…
But, they subsequently (after results annc) announced selling a $44.8m Hotel Lease agreement (~6.57ct / share) with Frasers Hospitality and a proposed acquisition of Australia asset from Australand to be funded by Debts & New Equity. The former will be +ve as they may pay out higher DPU from Capital Gains while the latter depends on the means for New Equity (Private Placements at big discounts would be bad).
Will be watching the latest development closely and react accordingly… 😀