Saizen REIT: Cheaper please.

Quite recently, in LP's cbox, I mentioned that I was watching Saizen REIT like a hawk, believing that there would be some people who would lose patience and sell down their stakes. Today, it happened and I was waiting at 15c.  Buying at 15c is similar to what we would have paid for Saizen REIT last year in December.

Saizen REIT was sold down heavily, most of it at 15.5c, today for whatever reason. The lack of interest by the market at large in this counter is quite obvious as the MACD has been hugging the signal line. At below zero, the momentum is clearly negative.  The MFI has been forming lower highs, a sign of flagging demand. RSI shows a slowing of buying momentum. 16c could possibly be a strong resistance now as that is where all the MAs are approximating.

The annual report would be out soon and I would take some time to go through it but I doubt I would find anything unexpected.  Value is what we get and price is what we pay.  If Mr. Market is willing to sell to me an undervalued stock at a lower price, I would graciously (or greedily) accept.

AIMS AMP Capital Industrial REIT: Cheaper please.

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.