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Saizen REIT: Stabilising.

Monday, March 21, 2011

Congratulations to fellow unitholders who did not panic and sell at 13c. It does seem as if things are improving at the Fukushima plant and let us hope that things would continue to improve.

The management has yet to report on the final property in Sendai, Royal Hills Katagiri, which has not been visited. If the research by a reader, Data, which says that this property is located only 2km from the coast of Sendai is correct, it could cost a lot of money to repair the building, if at all possible. This property is 0.6% of the REIT's NAV and contributes to 0.4% of the REIT's annual income. So, the impact is not likely to be great even if it were to be written off.

Technically, there is still a chance that the counter could attempt a gap close at 15c and for people waiting to reduce exposure or to cut loss, 15c is still a preferred price compared to 13c or, indeed, 12.5c at the height of the panic selling last week.

Insider buying:
Beagle Capital Limited bought 20 lots of Saizen REIT warrants at 5c per warrant on 18 March.
Beagle Capital Limited bought 900 lots of Saizen REIT units at 13.72c per unit on 18 March.
Argyle Street Management Holdings Limited bought 150 lots of Saizen REIT units at 13.3c per unit on 18 March.

Related post:
Saizen REIT: Insider continues to buy as price recovers.


Raelynn said...

orders for saizen at 0.14 and aimsampi at 0.195 didnt get fulfilled

AK71 said...

Hi Raelynn,

It would seem that market sentiments have taken a turn for the better. Well, for now anyway. :)

Kelvin said...

Surprisingly, Royal Hills Katagiri, which is located in Sendai, was viewed by the property manager today
and was reported to be intact.

AK71 said...

Hi Kelvin,

Yes, this is very good news indeed. Perhaps, we could see the unit price of Saizen REIT closing the gap tomorrow at 15c/unit. :)

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