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Wednesday, September 27, 2023

CapLand Ascott Trust - I think breaking down 0f 0.95 we may see her drifting down to test 0.90 than 0.87!

 

Wah, luckily I have locked in small cup of coffee at 0.985. 




If it cannot hold above 0.96 then most probably she may go down to test 0.90 than 0.87.

Reit sector is down so expect price ti stay weak till we hear about the next CPI data and Fed meeting in November. 

Please dyodd.

The price has fallen off from 1.12 before announcement of the PP and PO for the acquisition of the new assets to a low of 0.96 , seems rather overly done!



At 0.97, yield is looking quite gd at about 5.5% . NAV 1.13.

The PO results is out shown only in total 60+% has taken up this PO at 1.025. 



I think market doesn't seem to like the outcome  judging from the price weaken further to close at 0.96.  

At 0.96, estimating yearly dividend of about 5.3 cents, yield is about 5.5% for this hospitality reit seem not to bad!




I have taken this opportunity to nibble a bit at 0.965 today.  It is currently,  trading at the major support level,  looks rather interesting!

Please dyodd.

Wah, she has retreated from 1.02 to touch the low of 0.99 Looks rather interesting!




I think immediate support is at 0.985.

Please dyodd.

The recent Private Placement (PP) at 1.043 and 

PO 1.025, looks like current price is trading at a discounted price!

Not a call to buy or sell!

Please dyodd. 

It seems that the market doesn't in favor of this Private placement and Preferential Offering for the acquisition of new assets plus AEI.



The price has fallen off from 1.12 to touch 1.01 today.

It has fallen off 9.8% versus 1.8% dpu accretive. 

The acquisition is merely 1.8% dpu accretive. 




The current price of 1.01 is cheaper than the PO price at 1.025.

So, I think it make no sense to take up the PO offering. 



After XD on Thursday,  may be 0.99-1.00 is coming back! 


Please dyodd.


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