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26 May 2010:
Ms. Yvonne Ho Yuk Yee, spouse of Mr. Raymond Wong Kin Jeon, has purchased 300,000 warrants of Saizen REIT (“Warrants”) on the open market. Mr. Wong is therefore also deemed to be interested in the 300,000 Warrants 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: 6.5c.
Mr. Raymond Wong Kin Jeon's deemed interest now stands at 19,373,390 Units or 2.033% of current issued share capital.
Given the weakness in the stock market which has made valuations more attractive, I have considered increasing my exposure to Saizen REIT through purchasing more of its warrants. Warrants, however, do not get any income distribution and that is a big negative for me.
Technically, things remain somewhat dicey as it remains to be seen if the unit price of Saizen REIT would be pushed down further by the declining 100wMA or if the support provided by the 50wMA would prevail. If I were not informed by TA, I would have simply gone ahead and bought many more Saizen REIT units as the price retreated. Marrying FA and TA has made me more cautious and a recent purchase made with the retreat in price was a smallish hedge.
Related post:
Saizen REIT: Recent insider purchases.
Charts in brief: 27 May 10 (Part 2).
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