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I got to know Nick recently while chatting in Bully the Bear’s cbox. I was so impressed with his analyses while chatting with him that I invited him to be a guest writer for my blog.

I am sharing Nick’s recent comments on First REIT in a proper post here:

I like to post the following 2 research reports released after the 2Q Briefing.

CIMB report is very interesting since there is information about the 2 potential acquisition targets and it mentions the need to raise funds from both debt and equity. It should be able to increase AUM by 50-70%. Looks like a good deal if CIMB figures are accurate.

SIAS:
http://firstreit.listedcompany.com/misc/First_REIT_-_2Q10_Update_Report.pdf

CIMB:
http://firstreit.listedcompany.com/misc/First_Reit.pdf

AND

I will most likely increase my exposure slightly near term. Naturally, we need to bear in mind that with the potential looming rights issue (could be announced in a matter of months), we need to conserve capital to subscribe for it. Read more…