Sell @ $0.21. Going to have a lot from the rights, sell some 1st. 😀
StarHill Gbl @ $0.51
Buy @ $0.51. Fierce selling on-going. Dropped quite a lot after they announced their proposed acquisitions in Malaysia and Australia. Checked with Malaysian acquaintances that Lot 10 at KL is high end shopping centre, perhaps something like Paragon with individual boutiques. Yield is still below 8%, but collect some first and see how. Seller ’08’ – CS. 😀
11:01:07 0.505 21,000 Sell Down
11:01:06 0.510 123,000 Sell Down
11:00:59 0.510 106,000 Sell Down
11:00:58 0.510 600,000 Sell Down
10:54:32 0.510 2,000 Sell Down
Cambridge @ $0.415
Sell @ $0.415. Contra off as I have some more. Buyer ’70’ – CLSA, looks like they are the one buying in 100-200 lots. Also got seller of 100-200 lots aro’. 😀
Comments
My estimate of their recent foray into MI-REIT will result in no extra realised gains but will have some unrealised losses, assuming they don’t sell all their shares,
Div Collected = (26Mil x 1.939ct) + (13.31Mil x 0.95ct) = $624,695
Realised Losses (Assume buy at $0.40 and sell at $0.35) = 12.69Mil x ($0.40 – $0.35) = $635,500
They sold on 24-Nov where the low was $0.32, so potentially, the losses will be higher. The Nett effect is there’ll be no increase / reduction in DPU payout for the next Q.
On why they sold, it could be to raise $$ for the rights issue (altho’ they have enough $$ raised fm their recent Private Placement, I don’t think they want to be too heavily exposed to MI-REIT, esp. since their stake is not large enough for them to particaipate in the mgmt). My estimate,
Amt fm sale = 12.69Mil x $0.35 = $4,441,500
Amt Required for Rights = 13.31Mil x $0.159 x 2 = $4,232,580
The above estimates is based on a sell price of $0.35 but it could be lower. Anyway, it does explain their recent actions if I’m right. 😉
StarHub @ $1.97
HLFin @ $2.85
Buy @ $2.85. Dubai World is the start of Financial Crisis II?? STI -17 only (so far?). Buy some to avg down my last week’s buy of $2.95. Very illiquid. Seller ’70’ – CLSA. 😀
4:10pm
Buy @ $2.81. Big roller-coaster today, went up to $2.93 but now drop to $2.80 low. Dubai crisis will likely impact Financial and Propery stocks most. Seller ’82’ – MS.
4:43pm
Buy @ $2.76. Sell down continues. Seller ’31’ – DMG, same as LS.
5:05pm
Buy @ $2.68. Done at matching, I’d queued at $2.74! Seller ’82’ – MS
17:05:04 2.680 273,000 Sell Down
16:59:59 2.760 2,000 Buy Up
16:58:43 2.750 4,000 Sell Down
16:58:30 2.750 2,000 Buy Up