Just another REITDATA Sites site
Sell @ $0.815
Cleared TY's holdings of Friday's buy + 8 lots which I left out previously. Still have some extras as I got carried away on Friday. Will be clearing those also as meant for short term. xd (1.27ct) on 5-Nov, will try to sell either befor or after, am flexible, even if hold for another Q.. 😀
Buy @ $1.68
A new stock to my portfolio. Their main biz is in REIT mgmt. The recent weakness in share price may be due to the MAS proposal for better aligning the interest of REITs Mgr to Unit Holders. Performance Fees, Acquisitions Fees,.. are some areas which may be negatively impacted…
But, will be good for investing in REITs ! 😀
Buy @ $0.81, $0.805
I mistakenly left 8 lots in TY's account when I thought I'd sold off all her holdings recently… eye-sight not good… see '8' as '0'.. So, decided to quickly buy some today, before the results announcement.
My recent sale was based on my estimate that DPU will be lower than last Q of 1.25ct as they'd refinanced their MYR (Ringitt) and there's likely going to be a Refinancing Expense which'll drag down the DPU. However, after mkt close, they announced DPU = 1.27ct! On closer inspection, Revenue was slightly lower yoy and most expenses were higher (including Finance Expenses). However, one 'Other Property Expenses' was greatly reduced, which resulted in a higher NPI and thus, DPU. Me thinks massaging at work and we may see a higher expense being deferred to next Q… which will likely be mitigated by lower Borrowing Expenses (newly refinanced at lower rate)…
Anyway, still good news for me as I'm vested. Will stick to my original short term plan and will try to sell. If stuck, then try again next Q.. 6%+ Yield ought to compensate me while I patiently wait….. 😀
Buy @ $0.315
So far, only looked at Q1 (Jun) results and traced their KTIS shares issued. On KTIS,
Comparing Q1 & Q2, we're going to see an extra "pofit" of S$9m or 2.23ct / share from their KTIS stake.Compared to their EPS (FY14 = 1.93ct ; FY13 = 2.02ct) coming from their core biz, it's substantial. On top of that, we should see NAV = 31.83ct (Jun-14) + 2.23ct for Sep-14.
In Q1, the mgmt had also paid themselves a good bonus, likely as a reward for the KTIS profits… I wonder if they have any intention to pay shareholders a good special dividend in 1H or latest, 2H??
As for the core biz of M&E, I'll have to look at more Quarters….. Plus, they also have a lot of rojak biz in Portable Toilet rental, one ship under charter, Foreign Worker dormitory JV,… which seems to show a lack of proper focus in biz direction… 😀