Good deal on "Buffettology" (hardcover).

My blog post this afternoon regarding a good deal on "Buffettology" was an unexpected success because all three copies of the book were sold in just a couple of hours. I didn't expect readers to be so enthusiastic during working hours.

I think I know who got the last copy of that special deal as I saw this on my Facebook wall:

董奕华: Left with last piece!!!

董奕华: AK sell you US$14. You want :)

Gunning for a 100% gain! Very enterprising!

Anyway, for those who missed out on that deal, here is another one. It is the hardcover version and only at US$3.00 more. Yup, the price is US$9.98 only. Free shipping worldwide.

This is a steal since a new paperback sells for more than US$20.00 a copy.

You got to be fast. Only three copies are available and I don't know how quickly this one will sell out:


Buffettology: The Previously Unexplained Techniques That Have Made Warren Buffett the Worlds

Related posts:
1. Good deal on "Buffettology".
2. Warren Buffett: The world's greatest money maker.

AIMS AMP Capital Industrial REIT: Higher DPU in future.

The numbers for 1Q FY2014:

DPU: 2.5c (payable on 20 Sep)

NAV/unit: $1.50

Leverage: 25.4%

Interest cover ratio: 5x.

The DPU of 2.5c represents 99.4% of distributable income per unit. DPU would have been 2.78c if the share placement at $1.60 a unit did not take place in May 2013. Bummer.

However, the share placement resulted in a stronger balance sheet which is prudent as the REIT embarks on redeveloping 103 Defu Lane 10 and Phase 2E & 3 of 20 Gul Way.

As a result of having more cash, higher property valuations and much lower debt of $279.0m which is reduced from $359.3m three months ago, leverage lowered from 34% to 25.4%.

Without asking unit holders for more money, the REIT's DPU is expected to increase in the next two years as:

1. Phase 2 of 20 Gul Way was completed seven months ahead of schedule and will contribute to income starting this quarter.

2. 103 Defu Lane 10 and Phase 2E & 3 of 20 Gul Way are likely to be completed in 2014.

OSK DMG estimates that DPU in 2015 upon completion of the projects mentioned will approximate 13.3c, everything else remaining equal.

See presentation: here.

Related post:
AIMS AMP Capital Industrial REIT: Interview with CEO.