- There was absolutely no margin of safety on the price for Ascendas Htrust. When I bought Saizen Reit, it was more than 20 cents away from its NAV and gave approximately 20% margin of safety. But Ascendas Htrust was already trading above its NAV of 70 cents (more on its NAV later) and hence no margin of safety for me. 2. I am also skeptical of the sudden re-valuation of Ascendas Htrust's NAV to 84 cents after news of the possible sales. There is no ...
After the small bet and profit on Saizen Reit, I was very tempted to have another go for Ascendas Htrust, even utilising portion of the warchest.
As there were rumours of four to five potential buyers, it did look high chance that the acquisition deal would be successful.
However, after some consideration, I decided it is no-go for Ascendas Htrust.
