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AIMS AMP Capital Industrial REIT's unit price declined today to hit a low of 21c. I was in the buy queues at 21.5c and 21c. Didn't manage to get any at 21c. With an estimated DPU of 2.08c, buying at 21.5c gives a yield of 9.67%.
Looking at the charts, I mentioned to some friends that getting some at 21c or even 20.5c is a distinct possibililty although 21.5c is psychologically important as it is the midpoint of the old trading range of 20c to 23c. I am keeping some powder dry as buying at 21c would give a yield of 9.9% while getting some at 20.5c, which is where we find the 100dMA, would give a yield of 10.15%!
Then, why not I wait for 20.5c and be done with it? Well, TA only shows us the probable scenarios, not definite results. I always hedge. 9.67% yield is more than decent to me and quite acceptable.
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4 comments:
Hi Ak,
I also fired some bullets at 0.215, haha :) But I got the rights instead, because I don't want to be in Q for the mother share. Might not hit the amt that I wanted if I Q, haha
Hey!
I think there could be more selling pressure for AIMPS, will just wait hehehe.
Today all your babies are being sold down, is ur warchest ready?
Hi LP,
You are a strong supporter of AA REIT as well, I see. Hahaha... Well, the value it offers is quite obvious, really. :)
Hi Anonymous,
I won't say ALL my BABIES are being sold down. Hahaha.. ;)
Firstly, I am vested in more counters than Saizen and AA REIT. Secondly, if I were the father of these REITs, I won't be blogging about them nor would I be working. ;-p
Could you leave your name or initials in future comments? Thanks. :)
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