Posts
17 May 2010:
Ms. Yvonne Ho Yuk Yee, spouse of Mr. Raymond Wong Kin Jeon, has purchased 186,000 Units on the open market. Mr. Wong is therefore also deemed to be interested in the 186,000 Units owned by Ms. Yvonne Ho Yuk Yee and held by HSBC as depository agent.
Amount of consideration (excluding brokerage and stamp duties) per share paid or received: 16.5c.
19 May 2010:
Ms. Yvonne Ho Yuk Yee, spouse of Mr. Raymond Wong Kin Jeon, has purchased 300,000 Units on the open market. Mr. Wong is therefore also deemed to be interested in the 300,000 Units owned by Ms. Yvonne Ho Yuk Yee and held by HSBC as depository agent.
Amount of consideration (excluding brokerage and stamp duties) per share paid or received: 16.5c.
Mr. Raymond Wong Kin Jeon's deemed interest now stands at 19,073,390 Units or 2.001% of current issued share capital. See announcements here.
This is one thing which helps to convince me that Saizen REIT's fundamentals are sound. Logically, if it is a basket case, insiders would not be buying.
Some people tell me that I should have sold my Saizen REIT units at 17.5c and buy again when it is lower to make more money. Hindsight is beautiful, isn't it? Well, I could have but my investment in Saizen REIT is not for trading. Even at 17.5c, I consider it a bargain. Why would I sell? Of course, this is informed by FA.
As always, how I treat each investment depends on my motivation for being invested in the first place as well as the prevailing circumstances. The reasons for investing in Saizen REIT are still valid. Circumstances have not soured in the present. If anything, the REIT's fundamentals have improved and are likely to improve further. So, I am staying vested.
Related post:
Saizen REIT: 3Q FY2010 results.
Bloggy Award
0 comments:
Post a Comment