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AK71

Economics 2012: Off the top of my head.

February 4, 2012 by AK71
I have been doing more thinking. OK, so what’s new? In recent weeks, the stock markets rallied and with the strong closing on Wall Street last night, they look like they could move even higher next week. The bulls say that the tide has turned and things are moving higher from here and that we [...]

in Categories: Market Review and Trends

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Courage Marine: Chance to cut loss.

February 2, 2012 by AK71
With the BDI sinking amidst a worsening situation of overcapacity and economic malaise in Europe, the rally in Courage Marine’s share price provided a chance for me to cut my long exposure with minimal losses. We are also blessed to have an industry insider, Jason, amongst the regular readers of ASSI and if the evidence provided is [...]

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NOL: Cutting losses on a strong rebound.

February 2, 2012 by AK71
Months ago, I made an ill fated decision to go long in NOL. It was a decision based purely on TA and it was a trade that went awry. Straying from my tried and tested methodology of FA + TA plus a lack of a cut loss price has resulted in holding on to paper losses. I [...]

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LMIR: A slow and steady climb.

February 2, 2012 by AK71
LMIR’s unit price has been slowly and steadily climbing higher and this is netting me some handsome capital gains on the rights units from nil paid rights purchased not too long ago. Remember I mentioned that LMIR was too cheap to sell? I still think it is too cheap to sell but it is approaching the fair value of [...]

in Categories: Shares and Derivatives

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AIMS AMP Capital Industrial REIT: At $1.02 resistance.

February 1, 2012 by AK71
On 19 January, I mentioned that if sentiments remain bullish, we could possibly see resistance at $1.02 for the REIT’s unit price tested. My overnight sell orders at $1.015 and $1.02 were filled today. Could the REIT’s unit price push higher? It could but anyone thinking of buying into the REIT now might want to bear [...]

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First REIT: Partial divestment at 76.5c.

February 1, 2012 by AK71
First REIT never did test 80c after it went CD. The highest it touched was 78.5c. This morning, after it went XD, its unit price declined to a low of 76c. I made a decision to divest units which I accumulated at 76.5c and 77c earlier last month in January. I managed to sell at 76.5c as [...]

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Cambridge Industrial Trust: 4Q FY2011.

February 1, 2012 by AK71
Unit price of Cambridge Industrial Trust has been creeping upwards, probably in anticipation of the Trust going CD. Total assets under management exceed $1b with recent revaluation of properties. This resulted in a lower gearing level apart from boosting NTA/unit to 62c. Year on year, gearing ratio has fallen from 34.7% to 33.1%. The REIT has no [...]

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Sabana REIT: Target BUY prices.

January 31, 2012 by AK71
A reader mentioned that Sabana REIT’s unit price has weakened to 88c after going XD. A further weakening in price could be an opportunity to accumulate. I have the same thought. After all, I divested a small portion of my investment in the REIT at 90c and 91c as its unit price rose in the [...]

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Capitaland: Pushing higher on lower volume.

January 27, 2012 by AK71
Capitaland’s share price touched a high of $2.66 and closed at $2.65. Remember that I mentioned that in very bullish circumstances we could see $2.65 or even $2.75 tested? This is still valid. I did a partial divestment at $2.65 today. If the following week should see price pushing higher, I would be happy to [...]

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First REIT: FY2011 results.

January 26, 2012 by AK71
DPU for 4Q 2011 is 1.93c which is another bumper distribution! The REIT will go XD on 1 February and the income distribution is payable on 29 February. This includes distribution coming out of a portion of the total gains on divestment of the Adam Road property of about S$8.7 million. Without such a return [...]

in Categories: Shares and Derivatives

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LMIR: Partial divestment at 38c.

January 25, 2012 by AK71
Anyone who made use of LMIR’s rights issue to accumulate more units would be in the money now. I see immediate resistance for LMIR’s unit price at 38c and put in an overnight sell order for a partial divestment. It was filled today as unit price closed at 38.5c. Fibo lines seem to suggest that [...]

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Sabana REIT: Partial divestment at 91c.

January 25, 2012 by AK71
In an earlier blog post, I mentioned that immediate resistance for Sabana REIT is to be found at 91c. If this were to be taken out, we could see gap filling at 91.5c. My sell order at 91c was filled today. Technically, if unit price should weaken when the REIT goes XD, we could see [...]

in Categories: Shares and Derivatives

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Towards a modern day good life.

January 24, 2012 by AK71
We have our own circumstances which make demands on our finances, time and energy. Often, we hear people saying that they do not have enough money, time or energy to do all the things they have to do or want to do. How do we work towards having the money, time and energy to have a [...]

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Sabana REIT: 4Q 2011 results.

January 20, 2012 by AK71
A DPU of 2.17c has been announced. This is a little lesser than my estimate of 2.2c. This is probably due to the fact that no rentals were collected for the property of 1 Tuas Avenue 4 in the months of November and December 2011. The manager is in advanced stage of negotiation with a [...]

in Categories: Shares and Derivatives

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AIMS AMP Capital Industrial REIT: 3Q FY2012.

January 20, 2012 by AK71
AIMS AMP Capital Industrial REIT delivered a solid set of results with DPU at 2.6c. This is a 4% increase over the previous quarter. As I was expecting a DPU of 2.5c with a possibility of a small reduction, this is good news indeed. It will go XD on 3 Feb and is payable on [...]

in Categories: Shares and Derivatives

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FSL Trust: Reduced DPU to US0.10c.

January 20, 2012 by AK71
Mr. Market is showing displeasure with FSL Trust’s decision to reduce quarterly DPU from 0.95c to 0.1c. Its price has plunged more than 20% from the closing of 30c yesterday to 23c when I last looked. Assuming an exchange rate of US$1 to S$1.30, the annualised distribution yield is about 2.2% per annum based on [...]

in Categories: Shares and Derivatives

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Cache Logistics Trust: 4Q and FY2011 results.

January 19, 2012 by AK71
Cache Logistics Trust announced a good set of results. Its recent acquisitions pushed distributable income upwards by some 9.2% while DPU increased to 2.1c. Annualised, distribution yield is 8.48% with unit price at 99c. Net gearing: 29.6%. NAV per unit: 91c. Interest cover ratio: 8.0x The CEO, Daniel Cerf, said that although new supply in warehouse space could come [...]

in Categories: Shares and Derivatives

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Capitaland: Partial divestment at $2.48.

January 19, 2012 by AK71
Just two days ago, on 17 January, I said that I see resistance at $2.48. I got this from the weekly chart as that was resistance provided by the declining 20wMA and the 138.2% Fibo line. So, I put in an overnight sell order at $2.48 and it was filled later in the session today. [...]

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