Shares & Derivatives
Croesus Retail Trust: Why some were burnt and burnt badly.
By A Singaporean Stockmarket Investor (ASSI)  •  January 28, 2014
Some have asked me if it is safe to buy into Croesus Retail Trust now. It has to be safe since I am putting my money where my mouth is, right? Sorry, but the truth is I don't know. Huh? Well, I feel that at the current price level, Croesus Retail Trust offers fairly good value for money and I explained why I thought so in earlier blog posts. I also said that 87c represents immediate support from a technical analysis perspective and this support seems to have strengthened today. Sounds good, doesn't it? Yes, it does but it also pays to remember that Croesus Retail Trust has quite a number of substantial shareholders who most probably have their own agenda. There is no guarantee that they won't sell even at prices lower than 87c, for reasons unknown to us. The lowest unit price ever was 84.5c but that was ......
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By A Singaporean Stockmarket Investor (ASSI)
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