Category: FCOT

Buy @ $1.345, $1.34

Add with every drop to average down. DPU will be a lower than last Q (2.351ct)  due to Advanced DPU = 0.7805ct already paid for 1-Jul to 2-Aug…. 😀

Buy @ $1.365, $1.35

Did the right thing to sell most of my holding previously but did the wrog thing after that to buy back at $1.51x… Buy some more to average down… Bear in mind REITs may be seen to be less attractive when FED finally hike rates… 😀

Sell @ $1.42

Contra off as due… plus mkt is weak… ie many alternatives to switch to… DRP @ $1.4241, good chance being pushed up as incentive… Hit a high of $1.435 after I sold… 😀

Buy @ $1.415, $1.405

Buy back… drop so much from $1.455 last close and Private Placement @ $1.48… 😀

Sell @ $1.455

Contra off 2 recent buys, one at a loss, but profitable when combined… Prices jumped a few bids during 5pm matching, having hovered between $1.425 to $1.44 the whole day… No choice, running low on free cash… 😀

Buy @ $1.435

Slowly adding back… Hit a low of $1.425… Note that 40% of assets are in Australia & the weakening A$ will be a concern… The +ve is the $44.8m (5.7ct/share)  to be rx by 1-Oct as Hotel consideration… 😀

Buy @ $1.45

xd for 2.351ct yesterday and last day of cd for 0.7805ct Advanced DPU today. Cheaper than the recent 2x subscribed Private Placement @ $1.48 now… Buy some to average down my recent buy… 😀

Buy @ $1.515, $1.51

Private Placement fixed @ $1.48. Add DPU = 2.351ct + Advanced DPU = 0.7805ct = 3.1315ct => $1.51315ct to be on par with Placees. For a while, it looked like it'd hit a low at $1.515 and I quickly Q'd to Buy some…. but it dropped to a low of $1.505 before closing at $1.52 (5pm matching +1bid). Got some more @ $1.51 but my Q @ $1.505 wasn't done…. 😀

With NAV = $1.54 (will be lower after placement @ $1.48), Projected Yield = 6.107% & Projected Gearing = 36.6%, I may not be very long term focussed…

Sell @ $1.555

Jump-Q during 9am matching… Left only odd lots.. Results were out yesterday evening. DPU = 2.351ct vs 2.3754ct last Q. This is the 2nd Q of DPU decline but this time round, it wasn't unexpected as per their Projected figures in their Circular for Proposed Australia asset acquisition.

Yield = 6.064% ; Gearing = 37.3% is not fantastic, altho' there'll be some slight improvement after their proposed acquisition cum Private Placement. Play safe, take profit first… or just move on… at least till the dust settles… 😀

Sell @ $1.53

Contra off, decided to take profit rather than wait for results on 20-Jul. Uncertainty on timeline of Private Placement vs Quarterly DPU aro' 2ct+… the former wins this time… 😀