2% discount is quite pathetic... might as well don't give any discount.
Taking the possibility odd lots into consideration, might as well just buy from open market. With market fluctuations, you might even be able to score >2% discount!
(04-11-2015, 11:37 AM)piggo Wrote: 2% discount is quite pathetic... might as well don't give any discount.
Taking the possibility odd lots into consideration, might as well just buy from open market. With market fluctuations, you might even be able to score >2% discount!
Actually it is not 2% discount. U r paying 2% premium for the additional shares via the DRP. So you pay less if u buy frm open matket. Furthermore, it dilutes the existing shares, further lowering our alrdy lower dividend per share. If u think this is a value buy u shld just buy frm open market. Trading commission doesn't even cost as much as the premium u pay for DRP if u r using a Standard Chartered account.
There was the STI index review and Noble group was dropped while capitaland commercial was added.
The remaining companies in the reserve list are Keppel Reit, Suntec Reit, NOL (I guess with the takeover of CMA, no point running this up), First Resources and Sing Post.
Actually, barring NOL, all companies have shot up by around 10%.
So, probably this could be one of the reasons.
Well, one learns something new every day!
Disclaimer :-
I am not an investment professional.
I encourage you to do your own independent "due diligence" on any idea that I write about, because I could be and probably am wrong.
Nothing written here is an invitation to buy or sell any particular stock.
At most, I am handing out an educated guess as to what the markets may do.
The market will always find a new way to make a fool out of me (and maybe, even you!).
Even the best strategies of the past fail, sometimes spectacularly, when you least expect it.
I am not immune to that, so please understand that any past success of mine will probably be followed by failures
MAS has reformed the market, with guidelines to link performance fee with investors' interest. The "fat fee" of REIT's manager, is probably becoming a history.
Homepage
PR Newswire
