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Vested due to:
#1. Philip Yeo
#2. balanced my heavily lopsided SGP equity
#3. right price (as compare to many pioneer investor, current price is a steal)
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I find it interesting that the 10 year India Govt bond yield is > 8% now.
http://in.reuters.com/article/2012/09/28...2B20120928
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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kat,
Numbers means a lot but I seldom makes my decision based on numbers.
For AIT, I think like this:
1. NAV - since IPO till now, did AIT really losing so much of their value/asset? or did they increasingly beef up their holdings?
2. exchange rate - This does not bother me as majority of my assets are in Sing$. It will be interesting to see when the tidal wave change.
Nick highlighted the benchmark for AIT. In my mind, I picture Philip Yeo crunching his fist and fighting hard to meet the tall order...
Of course, I wish him luck but if he can not do it, doesn't matters, at least he tried....
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Hi Chialc, Philip Yeo is not holding an executive position in AIT.
Hi Kopikat, it was just pure luck and not any intended timing on my end =)
When I first got in, the yield was still reasonable and the debt was low. Now it has little debt headroom left and forex has worked against it despite wat I feel are good efforts to grow the distributable income in INR terms. Alas, my outlook is pessimistic for the next 12 mths, and I suspect Reits with high debts will start issuing new equity a la 2008. So thot I'd take the minor capital loss and add to my cash pile first. Who'd have guessed AIT would do a placement this soon...
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Ascendas India Trust recorded a distribution per unit (income available for distribution) of 1.15 Singapore cents for the fourth quarter ended March, down 21 per cent year-on-year.
DPU (income to be distributed) however, was 1.04 Singapore cents, following the trustee-manager Ascendas Property Fund Trustee's decision to retain 10 per cent of distributable income.
This is 29 per cent lower than the 1.46 Singapore cents recorded a year ago.
In conjunction with a private placement of new units on Oct 9, an advance distribution for the period Oct 1-8 was paid out.
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