Category: FCOT

Buy @ $1.285

REITs out of favour, Banks in favour… FED Rate Hike likely to happen now, mkt thinks… 😀

Buy @ $1.32

Continue to buy nack… 😀

Buy @ $1.33

Itchy fingers… buy back.. Sold previously cos of fears of lower DPU due to weakening A$ and impact of Hotel project at China Square… A$ is now stronger, perhaps due in part to weakening S$… 😀

Sell @ $1.355

My last profitable ones (after DPU collected). Results last Friday as per expectation,

• Lower NPI from China Square due to Hotel Project
• Lower NPI from Central Square (Australia)
• DPU supported by $0.9M Capital Gains (0.1141ct)

Strip out the Capital Gains, Yield = 6.753% @ $1.36 (Close), still the best in their asset class… But, decided to reduce first… 😀

Sell @ $1.31, $1.32, $1.325

Profitable Ones + DRP + Unprofitable Ones (Profitable if add DPU Collected)… Was expecting mkt to be hit by BREXIT fears but looks like quite unaffected… Perhaps with US FED Rate Hike now looking highly unlikely (due to BREXIT uncertainties), the mkt is now emboldened to buy REITs again…

Anyway, sell first as I'm expecting lower DPU for coming Q… 😀

Sell @ $1.275

Cleared another batch which turned profitable… But, still below DRP price of $1.2862… 😀

Sell @ $1.27

Reduce my stake… STI +36.20 @ 2792.73… Brexit fears have disappeared…  For me, I'm becoming fearful when others are not… 😀

Sell @ $1.255

Q'd one bid higher and got done when mkt went into strength… Hit a high of $1.26. which then attracted a larger sell Q… 😀

Buy @ $1.24

My collection is getting bigger with each drop… DPU for next Q will likely be lower if the trend of previous 2Qs of declining DPU continues… Still, current Yield = 7.927% may provide some margins… 😀

Buy @ $1.255, $1.23

Big seller appeared during matching to drive the price down… Got some to average down an earlier buy… 😀