Saizen REIT: Insider continues to buy as price recovers.

Argyle Street Management Holdings Limited, a substantial shareholder of Saizen REIT, bought another 600 lots at 13c/unit on 17 March. This increased their holdings from 15.201% to 15.252%. See announcement here.

Saizen REIT recovered today by 1c or 7.7% to close at 14c. There is news that Japan could restore power to cooling systems at the nuclear power plant as early as tonight. If it pans out well, we could see the unit price of Saizen REIT closing the gap at 15c next week.

On the weekly chart, a white candle was formed. Technically, this is encouraging under normal circumstances but the circumstances now are not normal. Let's see how things turn out in the next few days.

Related post:
Saizen REIT: Hold or sell as insider buying continues?

Hutchison Port Holdings Trust: A weak debut.

Many were expecting HPH to open underwater and that was exactly what it did. I have not tried my hands at IPOs in years, taking to heart what Warren Buffet said about how IPOs are never undervalued and never good for investors. Of course, we could make money from IPOs in very bullish circumstances but Warren Buffet was referring to value and not price.

HPH touched a low of 94c before closing the session at 95c today.

Hutchison Port Holdings Trust not the cheapest container port play - CLSA. The house says based on the IPO range of US$0.91-US$1.08, “we are borderline buyers at US$0.91, (which would represent 28% upside to its target valuation at US$1.16)...at any pricing level higher than that we would rather buy China Merchants (0144.HK), rated Buy, as it has greater upside with added hinterland exposure.”  
Friday, 18 March 2011

© 2011 - The Edge Singapore

Hutchison Port traded below IPO in gray market, BTIG says. Units of the container-terminal owner were sold for 98 cents yesterday in deals brokered by BTIG Hong Kong, Managing Director Christian Kielland said by e-mail. The trust, which holds assets from Li Ka-shing’s Hutchison Whampoa, priced units in its IPO at US$1.01.
Friday, 18 March 2011

© 2011 - The Edge Singapore