tag:blogger.com,1999:blog-7944902213075756335.post7822813060990688527..comments2024-03-28T10:39:01.047+08:00Comments on A Singaporean Stocks Investor (ASSI): Possible delisting of Saizen REIT, First REIT and LMRT.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger60125tag:blogger.com,1999:blog-7944902213075756335.post-75025598011635082472016-03-29T08:50:14.689+08:002016-03-29T08:50:14.689+08:00Hi Mao Mao,
I believe that Saizen REIT is still l...Hi Mao Mao,<br /><br />I believe that Saizen REIT is still listed. There is still some residual value in the REIT. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-70773912031677508702016-03-28T23:23:41.818+08:002016-03-28T23:23:41.818+08:00I have an amount being credited into my bank savin...I have an amount being credited into my bank savings account. The item description is "SAIZEN R". I guess this means Saizen REIT has fully delisted?Mao Maohttps://www.blogger.com/profile/10325600231229140321noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-47386005113282602072015-11-03T10:58:26.281+08:002015-11-03T10:58:26.281+08:00According to the latest annual reports, PT Lippo K...<i>According to the latest annual reports, PT Lippo Karawaci only owns 33.5% of First REIT and 30% of Lippo Malls Indonesia Retail Trust. This suggests that Lippo Group would need the support from other unitholders to successfully delist both REITs from the Singapore Stock Exchange.<br /><br />There have been no new information from either REIT since last Wednesday. Given the magnitude of the AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-34937524054391368952015-11-03T10:20:20.078+08:002015-11-03T10:20:20.078+08:00Hi Shen,
Please see my comment made last night in...Hi Shen,<br /><br />Please see my comment made last night in a more recent blog post on Saizen REIT:<br />http://singaporeanstocksinvestor.blogspot.sg/2015/10/saizen-reit-net-offer-price-of-1172-per.html<br /><br />;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-67364387801376173252015-11-03T10:12:19.912+08:002015-11-03T10:12:19.912+08:00Dear AK,
I just have a curious question. As the e...Dear AK,<br /><br />I just have a curious question. As the estimated offer price for Saizen is 1.17. How is it possible that the stock is currently still trading at 1.10? Could this be a potential for arbitrage? Or am i missing some important information :/Shenhttps://www.blogger.com/profile/17043646359522026129noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-30932681137380523832015-11-02T13:55:35.743+08:002015-11-02T13:55:35.743+08:00Hi Siew Mun,
I didn't bother to find out. I d...Hi Siew Mun,<br /><br />I didn't bother to find out. I do know that we cannot value REITs like the way we value stocks. They are different types of investments which was why I suggested to Benedict to read the REIT's financial reports and not depend on newspaper headlines.<br /><br />This was a blog post from 2010 which might interest you:<br /><a href="http://AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-66543116270885262062015-11-01T21:38:52.358+08:002015-11-01T21:38:52.358+08:00I am sorry, I cannot reconcile why btinvest report...I am sorry, I cannot reconcile why btinvest reported "AIMS AMP Capital Industrial REIT: 2Q16 Net Profit Down 55.7% To S$19.1 Million" and "AIMS AMP Capital Industrial REIT: 1Q16 Net Profit Down" From AIMS income statement reported NPI is up 2.4% QonQ and 5% YonY. AK how did btinvest derive profit down 55.7%?Siew Munhttps://www.blogger.com/profile/11468092627549905017noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-73624245463146310282015-11-01T16:36:51.543+08:002015-11-01T16:36:51.543+08:00Hi Benedict,
I enjoyed your comment. I could feel...Hi Benedict,<br /><br />I enjoyed your comment. I could feel the sense of satisfaction in your writing. :)<br /><br />I don't think the REIT is doing better now because they took away lessons from their history. I believe it is a change in leadership during the last crisis and a change for the better with George Wang at the helm after he led his team to recapitalise the REIT. Thumbs up!AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-45623967344274888582015-11-01T16:14:35.215+08:002015-11-01T16:14:35.215+08:00Hi AK,
Thank you for the link. It is giving a more...Hi AK,<br />Thank you for the link. It is giving a more complete picture from btinvest.com.sg.<br />I noted that their NPI is increasing QoQ. It is the "Net change in properties<br />under development" that is altering the final "net profit".<br />I guess for FY2016Q2, it is actually performing with increased NPI and DPU; for the "properties under development" part, SG DividendIncome Warriorhttps://www.blogger.com/profile/11128354872045299324noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-14550125880080613562015-11-01T11:17:52.915+08:002015-11-01T11:17:52.915+08:00Hi Benedict,
Well, first, you have to decide for ...Hi Benedict,<br /><br />Well, first, you have to decide for yourself what matters to you.<br /><br />If investing for income is what you want to do, then, you want investments that will pay you regularly and in a meaningful way. You could do this through investing in stocks or other income generating assets like REITs. You will also have to understand how they do their jobs. REITs are not valued AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-79780830992487838722015-11-01T08:26:27.845+08:002015-11-01T08:26:27.845+08:00Hi AK, I was thinking of buying First REIT but now...Hi AK, I was thinking of buying First REIT but now that this happened. I have to look into AIMS. But I saw the headline "AIMS AMP Capital Industrial REIT: 2Q16 Net Profit Down 55.7% To S$19.1 Million" and "AIMS AMP Capital Industrial REIT: 1Q16 Net Profit Down" in btinvest.com.sg. Is it still a good buy?SG DividendIncome Warriorhttps://www.blogger.com/profile/11128354872045299324noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-47122026946031936472015-10-31T11:30:17.381+08:002015-10-31T11:30:17.381+08:00Hi Siew Mun, Izy and Solidcore,
This is good news...Hi Siew Mun, Izy and Solidcore,<br /><br />This is good news indeed and exceeds my expectation. I will vote in favour.<br /><br />It is like getting 17 income distributions all at once for me.<br /><br />My cash position will swell but passive income will take a hit. -.-"AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-1889949390269579022015-10-31T08:17:13.757+08:002015-10-31T08:17:13.757+08:00Hi AK,
Good luck to us all indeed. The offer stan...Hi AK,<br /><br />Good luck to us all indeed. The offer stands at $1.17, a slight premium over NAV. I tend to think that the offer would be accepted at the next meeting given this bountiful offer.<br /><br />Personally, I connect with you on the emotion of being happy and sad at the same time. Torn between a one time "lucky" gain and loss of a great REIT for supplementary income. <br />SOLIDCOREhttps://www.blogger.com/profile/10335285941501577901noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-68135920058652566232015-10-31T07:56:54.202+08:002015-10-31T07:56:54.202+08:00Big news for Saizen. Looks like AK71 will have a g...Big news for Saizen. Looks like AK71 will have a good exit:<br /><br />http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=AnnouncementLast3Months&F=49UNXEC5H4QQCGAQ&H=8b83bc8f1fa7ffe7664d913a59b598ac642e7fb35ed142cde593f9d516583b84lzyDatahttps://www.blogger.com/profile/15048717550148913082noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-68817014783947769722015-10-31T06:40:40.547+08:002015-10-31T06:40:40.547+08:00Lone Star Fund to acquire Saizen @$1.17 at a small...Lone Star Fund to acquire Saizen @$1.17 at a small premium of 3.4% premium. Announced in SGX at 4.49 am 31 Oct 2015.Siew Munhttps://www.blogger.com/profile/11468092627549905017noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-76569467084373332692015-10-30T21:16:08.052+08:002015-10-30T21:16:08.052+08:00Hi havefund,
Well, Saizen REIT's NAV should b...Hi havefund,<br /><br />Well, Saizen REIT's NAV should be a bit lower, taking into consideration the liabilities.<br /><br />Good luck to all of us. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-58595390774030123702015-10-30T21:14:55.387+08:002015-10-30T21:14:55.387+08:00Hi raf,
It seems that the sponsor is a little sne...Hi raf,<br /><br />It seems that the sponsor is a little sneaky? ;)<br /><br />Well, we are talking about the Riady family but they have not done anything illegal, of course. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-86506308908059049662015-10-30T21:13:57.027+08:002015-10-30T21:13:57.027+08:00Hi FT,
I am waiting to see if First REIT's un...Hi FT,<br /><br />I am waiting to see if First REIT's unit price is going to drop to NAV. If it should, I would buy some. It doesn't make sense, really, to have such a steady income generator sold down to that level, if it should happen.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-59974113228954959762015-10-30T21:12:43.776+08:002015-10-30T21:12:43.776+08:00Hi DK,
I certainly hope it is going to be good ne...Hi DK,<br /><br />I certainly hope it is going to be good news for all of us. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-9316395081070371432015-10-30T16:00:02.297+08:002015-10-30T16:00:02.297+08:00was looking at saizen report on valuation dated 20...was looking at saizen report on valuation dated 20Aug15, it said total assets valued at S$474.1M and looking at the outstanding shares of 283.6M, does it mean the value stand at S$1.60? So if the offer price is near valuation, are we looking at this offer price? just wondering. <br /><br />on lippo and FR, i guess we are all in the same boat waiting for what to come...is painful watching FR havefundhttps://www.blogger.com/profile/10887206772493668889noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-14900409153859315122015-10-30T14:59:42.259+08:002015-10-30T14:59:42.259+08:00What should we read into announcements by managers...What should we read into announcements by managers of First Reit and LMR that they have no news in this regardrafhttps://www.blogger.com/profile/00866036023081691193noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-81774704298519276462015-10-30T14:57:32.446+08:002015-10-30T14:57:32.446+08:00Hi AK
To further flame the conspiracy theory, and...Hi AK<br /><br />To further flame the conspiracy theory, and for the benefit of the rest of your readers, my counterparties this morning from 1.205 to 1.155; sellers were all local broking houses (if that means anything at all) <br /><br />:DFThttps://www.blogger.com/profile/14575776742747716659noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-36409316075811917182015-10-30T13:33:27.037+08:002015-10-30T13:33:27.037+08:00Trading for Saizen REIT is halted today.
Probably...Trading for Saizen REIT is halted today. <br />Probably going to be a major announcement made soon.Dividend Knighthttps://www.blogger.com/profile/09906552958839476125noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-47559029139575238282015-10-30T11:39:05.345+08:002015-10-30T11:39:05.345+08:00Hi FT,
Indeed so. Mr. Market showing his displeas...Hi FT,<br /><br />Indeed so. Mr. Market showing his displeasure in the usual way. AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-86377434236630507642015-10-30T11:37:37.634+08:002015-10-30T11:37:37.634+08:00Hi WK,
There is a conspiracy theory making its ro...Hi WK,<br /><br />There is a conspiracy theory making its rounds now about how someone is trying to push down First REIT's unit price to NAV. Your guess is as good as mine. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.com