Category: FCT

Buy @ $1.775, $1.77

Replaced what I'd sold recently.. plus slightly more. Tried to Jump-Q @ $1.765 during 5pm matching but ended up got jumped by others @ $1.77 and only partially done. 😀

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… 😀

Sell @ $1.795

A slight loss based on cost but profitable if include 1 dividend payout. 😀

FCT announced a proposed acquisition (Changi Point) @ $305m yesterday. Funding will be by Debts + Equity and will be DPU accretive. According to David, FCT had used Private Placements for all New Equity Fund Raising so far ie. No Rights Issues. Altho' it'll be usually at a discount, what's more important is their announcement that it'll be yield accretive. Still, Funding have not been finalised and I'd prefer a Rights Issue….

As it's one of my top holding, I have decided to pare down my holdings a bit as part of my Risk Mgmt… plus, it gives me the option to execute Sam's "Shorting" strategy (Sell Hi – own holdings, Buy Lo) if opportunity arises.

Sell @ $1.695

Sold off my only profitable batch to free up some cash… saw some target alternatives… 😀

FCL is the parent of FCT, so, my recent vesting in FCL also offers me an indirect stake in FCT and FCOT…

Buy @ $1.665

Average down my previous ones. REITs continues to be hit by US Tapering action. No worries, even tho' the Yield = 6.6% is lower than the REIT average of 7%, it's good enough for me.. for now… and likely looong term… Still, this buy is more for a short term target.. 😀

Buy @ $1.785

Failed to Jump-Q for $1.78 at the last minute… Have quite a sizeable stake now, will likely be trading for the extras… Seller CP = UBS. 😀

Sell @ $2.18.

Contra off as hit my short term target. Someone was obviously collecting as after I sold, more was placed in Buy Q. It closed @ $2.20. Let's hope this is a prelude to the usual month end Windows Dressing (for past 2 months) and they'll push it up further tomorrow. Buyer CP = CLSA. 😀

Buy @ $1.785

Looks like seller is still around… Going to be a long term hold… at least till next DPU… The consolation is, Yield is now 6%+… 😀

Buy @ $1.805

Another of my stock which is continuing to drop in prices every day…. Seller CP = Credit Suisse, Morgan Stanley & CitiGroup… Looks like maybe Foreign Funds deserting our market again…:D

Buy @ $1.81

Dropped lower than my lowest. Motivated seller with CP = Credit Suisse selling in batches of 3-lots. 😀