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AIMS AMP Capital Industrial REIT: Dragoning.

Thursday, August 5, 2010

The latest substantial shareholder of this REIT, Dragon Pacific Assets Limited, has increased its stake in the REIT again today. Its stake increased from 7.21 % To 11.39 % and it now owns 167,010,000 units.

I have not been able to find any information on Dragon Pacific Assets Limited and I am very curious as to its background.  I am also very curious regarding the identities of the sellers. The same reason has been given for the buy up as before: Acquisition for investment purposes.

The REIT closed at 23c, the upper end of its range and with it going XD tomorrow, I would be very surprised if this long term resistance could be overcome. Then again, never say never.


Anonymous said...

Hey AK,

Some thoughts on AIMSAMP REIT.

Someone bought at 23.5c today at closing. Unfortunately, it remains to be seen if this holds. Volume's very weak today. And from my own analysis, indicators seem to show overbought. Most probably 23.5c won't hold and would slip to the support you mentioned of 22c in the near future.

Unfortunately, I'm hoping for prices to slip even more to 20.5c to 21c thereabouts so it'll allow for more time to accumulate. Analysts are actually touting AIMSAMP REIT as HOLD (SOURCE: the Edge) which to me, means they're starting to cover the REIT again. Doesn't look like this REIT will remain undervalued for long. Damn! haha


AK71 said...

Hi K,

Well, only 44 lots were done at 23.5c today. However, breaking the long term resistance of 23c is an important step out of the 20c to 23c range.

The volume is not very high today and it shows a lack of sellers. This could mean limited downside even if it does not mean much upside. :)

If it declines to 22c again, I would probably buy more. Join me? ;)

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