tag:blogger.com,1999:blog-7944902213075756335.post1914399066559790128..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): Saizen REIT: Daily share buy backs.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-7944902213075756335.post-46723194211870361452012-12-25T11:26:13.270+08:002012-12-25T11:26:13.270+08:00Hi Desmond,
I looked at the company before and ki...Hi Desmond,<br /><br />I looked at the company before and kind of forgot about it. So, it is really to satisfy my own curiosity too. :)<br /><br />Otherwise, I would usually just express my ignorance since it is very time consuming to research a company. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-38330708934134103292012-12-25T10:22:31.204+08:002012-12-25T10:22:31.204+08:00Thanks. Eagerly awaiting your comments. :)Thanks. Eagerly awaiting your comments. :)DTThttps://www.blogger.com/profile/16006976338340885252noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-46364830270410007482012-12-25T09:45:44.641+08:002012-12-25T09:45:44.641+08:00Hi Desmond,
I looked at Second Chance many moons ...Hi Desmond,<br /><br />I looked at Second Chance many moons ago but, somehow, I cannot locate the blog post. I think it could be lost in the comments sections. So, I am going to do a proper blog post as a reply to your comment to make it easier to locate in future. Look out for it. :)<br /><br />Merry Christmas!AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-8716813984787567632012-12-25T00:14:16.145+08:002012-12-25T00:14:16.145+08:00Hi AK,
I would like to seek your opinion on 2nd C...Hi AK,<br /><br />I would like to seek your opinion on 2nd Chance Properties. This is a company which has performed consistently well in the past 10 years (except for 2009). It has also been very friendly towards investors and rewarding them with bonus issues and a very decent dividend yield in excess of 9%. In recent years, it has sucessfully diversified into the property business. Bulk of theDTThttps://www.blogger.com/profile/16006976338340885252noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-75767288358927273182012-12-20T21:24:50.081+08:002012-12-20T21:24:50.081+08:00Hi Endrene,
You are interested too? Haha.. Yes, i...Hi Endrene,<br /><br />You are interested too? Haha.. Yes, it would be nice to see a retracement to supports before going long. :)<br /><br />As for SoundGlobal, it would have to break resistance approximately at 60c in order to go higher. Otherwise, a retracement to supports at 56.5c and 54c is on the cards.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-55439620296364383372012-12-20T21:20:46.597+08:002012-12-20T21:20:46.597+08:00Hi opal,
Indeed, unless we are a substantial shar...Hi opal,<br /><br />Indeed, unless we are a substantial shareholder, I doubt any listed entity's management would pay us any attention. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-70750287038805469762012-12-20T20:08:35.759+08:002012-12-20T20:08:35.759+08:00Hi AK,
Thanks for the updates for Saizen. Been wa...Hi AK,<br /><br />Thanks for the updates for Saizen. Been waiting for a pull back to get into this counter. Will keep a close eye on this one after missing the entry for Sound Global due to my overseas trip. :)<br /><br />Cheers,<br />Endrene EYhttps://www.blogger.com/profile/07808509235536260830noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-68271337757513713212012-12-20T18:32:22.221+08:002012-12-20T18:32:22.221+08:00Well, I am not a shareholder of saizen and have no...Well, I am not a shareholder of saizen and have no intention of being one. Its management will not listen to me. :)opalhttps://www.blogger.com/profile/09346620068918069361noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-26208786083093821972012-12-20T16:10:30.189+08:002012-12-20T16:10:30.189+08:00Hi SnOOpy168,
You are welcome. :)
At 30+% discou...Hi SnOOpy168,<br /><br />You are welcome. :)<br /><br />At 30+% discount to NAV, it is quite mouth watering. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-70161925965171059362012-12-20T16:04:35.995+08:002012-12-20T16:04:35.995+08:00Thanks for the clarifications AK. Yes, at a discou...Thanks for the clarifications AK. Yes, at a discount to NAV is very tempting. SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-69451042214932217292012-12-20T15:50:32.026+08:002012-12-20T15:50:32.026+08:00Hi opal,
Haha... Perhaps, you could suggest this ...Hi opal,<br /><br />Haha... Perhaps, you could suggest this to the management. ;)<br /><br />I would be quite happy if they continue to pay out a minimum 90% of income to unit holders.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-88594885556589112092012-12-20T15:35:17.437+08:002012-12-20T15:35:17.437+08:00On the topic of share buy back, I prefer that they...On the topic of share buy back, I prefer that they use it to pay us the dividend. We will then decide if we want to buy more of the shares.<br />:)opalhttps://www.blogger.com/profile/09346620068918069361noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-52580937436472592822012-12-20T15:13:23.570+08:002012-12-20T15:13:23.570+08:00The Bank of Japan on Thursday ramped up its offens...<i>The Bank of Japan on Thursday ramped up its offensive to power the world's third-largest economy as it faced heavy pressure from the country's incoming government to loosen its policy grip.<br /><br />The BoJ's move to expand an asset-buying programme -- its main policy tool -- by 10 trillion yen ($119 billion) to 101 trillion yen came days after Japan's conservatives won an AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-84029554720669109942012-12-20T14:14:44.161+08:002012-12-20T14:14:44.161+08:00Hi SnOOpy168,
Actually, I rather they do share bu...Hi SnOOpy168,<br /><br />Actually, I rather they do share buy backs when the unit price is at a big discount to NAV. It is a cheaper way to improve DPU for unit holders.<br /><br />When they buy new buildings, it is improbable that they would be able to buy them at a 30 to 40% discount from their valuations.<br /><br />Saizen REIT is not required to distribute 90% of their income because their AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-26052946123107256822012-12-20T14:04:58.780+08:002012-12-20T14:04:58.780+08:00Certain wished that they could deploy the cash on ...Certain wished that they could deploy the cash on more acquisitions to generate better returns and more DPU, then a share buy back and then use debt to fund acquisition. <br /><br />While there is a rule that they have distribute 90% of income, is there anything to say that they cannot hold XX% of issued capital in cash ? <br /><br />Hoped that they won't make a cash call that soon.SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-3916451955838711642012-12-20T13:28:49.058+08:002012-12-20T13:28:49.058+08:00See:
Saizen REIT: November 2012 presentation.See:<br /><a href="http://www.saizenreit.com.sg/images/stories/saizen_reit_-_201211_presentation.pdf" rel="nofollow">Saizen REIT: November 2012 presentation.</a>AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-47635962247908535042012-12-20T13:26:02.763+08:002012-12-20T13:26:02.763+08:00Hi Andy,
Maximum 10% of total units in issue, I b...Hi Andy,<br /><br />Maximum 10% of total units in issue, I believe.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-76154797401662681712012-12-20T12:56:03.419+08:002012-12-20T12:56:03.419+08:00Hi AK,
Thanks for your info!
Any idea how much ...Hi AK,<br /><br />Thanks for your info! <br /><br />Any idea how much more shares does the mgmt have the mandate to buy back?Andyhttps://www.blogger.com/profile/02202891108568125413noreply@blogger.com