Phew, a year just flown and we are coming to year end now.
Being dividend player, i always source for good company that offer high dividend yielding. On 16/12/08 when KLCI reaches its lowest point at around 800+-, i decided to lock in some REIT investment, after much consideration, finally pick up some HEKTAR that having some retail shopping mall assest type under thier wings. At that time, i bought them at a price of 76sen. It has been slightly over a year since i first picked them up, i have so far received total of 4 dividends/distribution per unit(DPU) and amounting to 10.2sen for year 2009. The break down is as follows :-
1) 11/03/09 - 3sen
2) 18/06/09 - 2.4sen
3) 16/09/09 - 2.4sen
4) 08/12/09 - 2.4sen
Basing the total DPU on my purchase price, i would have now garner a total of 13% return, couple with the appreciation of share capital a total of 42% return !!!
wow, isn't it is much much better off than Fixed Deposit for a mere 2% to 3 % !!?
I always aiming something that would give me 10% in return p.a either through dividend or share appreciation i would be very much happy then but this yield is far much better than my yearly target.
Investment in REIT has now entice me to be more focus in this area, no doubt share appreciation is slow at time but the consistent DPU is good enough to compensate your goal.
The above do not recommend a buy call from me, as Hektar stand to be very high in gearing about 50%-60% if not mistaken. It could turn out to be a risky one if one do not play well in keeping it in well shape but it could also be a fruitful venture though.
Below are Hektar REIT's property portfolio :-
1) Mahkota Parade
2) Subang Parade
3) Wetex Parade
14 comments:
Bought back more Dijaya at 91-91.5sen
hng,
Genting SP up 5sen today. :)
Your wife must be very happy.. :)
There is new casino lesen for Genting int to operate in Egyt
Egyt ? Are those people there gamble ? hahaha...
No very surpise, Egypt is very open country much like Turkey..
雲頂獲開羅新賭場10年經營權
（吉隆坡）雲頂（GENTING,3182,主板貿服組）英國獨資子公司獲准在埃及開羅的尼羅河麗嘉酒店（The Nile Ritz-Carlton Hotel）經營新賭場，初步經營權達10年。
強化高檔博彩市場地位
雲頂新加坡發文告說，獨資子公司雲頂賭場有限公司獲頒賭場執照，並以“Crockfordson the Nile”新品牌經營。這不僅符合雲頂拓展賭場度假村的策略，並可強化與發展雲頂英國在高檔博彩市場的地位。
雲頂持雲頂新加坡54.3%股權。
目前，雲頂英國在倫敦擁有3家賭場俱樂部，分別為Crockfords、Coloby與Maxims。
尼羅河麗嘉酒店酒店由埃及政府相關公司Misr酒店公司持有，於1958年開張，過去50年貢獻該國旅遊業大批盈利。目前酒店將進行翻新，預料2012年完成。
興業研究認為這項計劃長期展望正面，並看好可間接“帶旺”雲頂，因此上調目標價從8令吉60仙至9令吉35仙，維持跑贏大市。
同時，分析員表示，雲頂聖淘沙名勝世界計劃有利可圖。“由於新加坡僅有兩家賭場，配合新加坡旅遊市場復甦，加上新加坡有利的博彩稅務制度，預料將吸引富豪遊客，刺激雲頂新加坡業務攀高。”
不過，興業研究也表示，旅客到訪人數與營業額低於預期，英國賭場表現黯淡，加上種植業務因原棕油價格偏低而走軟，可能會拉低業績。
“由於英國博彩業務低迷，因此我們下調雲頂新加坡今明年財測2.7%至3%。不過2011財政年則調高2.4%，主要是看好5年營業額與淨利年複合成長率各達16.3%與30%。雖然如此，這間公司2010財政年本益比與股價對淨資產值仍稍貴。主要是投資者已把聖淘沙賭場度假村利好計算在內。”
Sold off all TM at 3.00, realize few hundred intraday gain :). In summary, portfolio realize intraday gain on Dijaya+TM and T+1 GENM, totalling more than 17k
Portfolio also manage to buyback more Dijaya at 91-92sen to further average down holoding cost from 95.5sen to 93sen (excluding earlier intraday gain). Dijaya has become top holding in portfolio.
Core portfolio
Dijaya 69.4%
Protasco 44.5%
Lonbisc 29.4%
Hingyap 18.1%
Soon or later Genting SP will gain even higher once new casino is openning early next yr. By then, i may opt to sell at least half to lockin profit first and realize this substantial one time investment gain in S$$$$$, one leap closer to financial freedom :)
Thump up my friend.... !
Citi to raise $20.5 billion in equity sale
Citi prices $17 billion stock offering at $3.15 a share; Treasury not selling its shares
On Wednesday December 16, 2009, 7:19pm
NEW YORK (AP) -- Citigroup says it has set the price for $20.5 billion in equity sales in what it calls the largest equity offering in U.S. history.
The New York-based bank is selling 5.4 million common shares at $3.15 apiece, an 8.7 percent discount to Wednesday's closing stock price. The bank is also selling $3.5 billion of tangible equity units, which can be later converted into common stock.
Citigroup is selling the shares as part of its effort to repay $20 billion in federal bailout funds and free itself from government scrutiny.
It also says the Treasury has decided not to sell any of the shares it owns at this time. The government owns a 34 percent stake in the bank as part of the bailout.
Citigroup shares are down 6 percent afterhours.
Bought Dijaya at 91-91.5sen
Offer 3.15 a piece, like that more room to drop. Pre-market already at 3.20.. :(
Likely to consider below 3.
Yes!!! Dijaya reverse trend again, intraday can be expected :)
done! sold off today dijaya at 93sen, realize handsome intraday gain :D)
Pros
1. Freeing Citi from close regulatory scrutiny and marking the latest step toward recovery for the U.S. financial system.
2. Releasing Citi from strict compensation limits that banks had said were impeding their ability to attract and retain talent
3. Signals a vote of confidence from the government in the ability to stand on its own
4. Government will not sell the 34%stake it holds in Citigroup before the fund raising.
5. Open up bargain buy oppurtunity for longterm investor
Cons
1. Bank is selling 5.4 million common shares at $3.15 apiece, an 8.7 percent discount to Wednesday's closing stock price. The bank is also selling $3.5 billion of tangible equity units, which can be later converted into common stock. The capital raise will dilute current shareholders
2. Government will sell its diluted 34% stake it holds in Citigroup after the fund raising, putting selling pressure on share price and expose share to higher volatility due to increasing liquidity
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