Practice Makes Perfect
IGB REIT & KrisAssets, Are You Ready?
Chin Kok Tan
Publish date: Thu, 20 Sep 2012, 10:24 PM
Chin Kok Tan
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Welcome to CK's Mergers & Acquisitions Theme Park - The BEST Has Yet to Come!
CK>> Is it a good timing for IGB REIT to list on KLSE tomorrow? KLCI dropped 20 pts today, US and Euro share market are dropping as well right now. Ermmm... Doesn't seems to be in right time...
Since I failed in IGB REIT's IPO, so there is no IGB REIT share in hand. But i'm holding quite a number of KrisAssets shares at average purchase price of RM8.985.
Let's see how would it shine tomorrow. Good luck and God bless me!
Since I failed in IGB REIT's IPO, so there is no IGB REIT share in hand. But i'm holding quite a number of KrisAssets shares at average purchase price of RM8.985.
Let's see how would it shine tomorrow. Good luck and God bless me!
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Be the first to like this. Showing 6 of 6 comments
IGB has unlocked its value through firstly the revaluation gain of RM1B ( which IGB has a 75% stake ) and then via the 11% gain in the share price on the first day of trading. All in all the net gain per IGB share should be around 80 sen to RM1.00 per IGB share from this exercise. But the IGB share price has not reacted to this instead has retreated another 4 sen?.
2012-09-22 06:49
There are a few comments and observations to share:-
1. IGB Corp will end up holding only 51% of IGB REIT after its floatation. Thus, most shareholders would think that they may be better off to dispose some holding in IGB and start some positions in IGB REIT instead. After all, the REIT fever is ON given the dismal overall share market, as REIT is more promising given their mandate to distribute dividends from rental income. Thus, the possible trend of some punters disposing IGB and start buying IGB REITs.
2. Please do not be fooled by the drop of 4 sen when the trading on Friday should have been higher given the positive news flow out of IGB. If you notice the volume of over 4mil on Friday alone, which is almost 4 times the average shares traded for the past one month. Also, earlier in the morning some punters tried pushing it higher but later succumbed to selling pressure. But, it wasn't panic selling. So, that shows some contra play by punters. In other words, the drop is just a shock and awe tactic to get IGB shares at lower pricing before pushing it higher.
Nevertheless, I m still in favour of IGB in the longer run. Start to pick up some warrants to gain exposure to this IGB long term play.
2012-09-22 18:17
Continue to collect IGB REIT n position getting better & stronger , big yield on the way !!
2012-09-26 18:23
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
janngpl
hold on to the kassets, will be duly converted to igb reits. upside for igb reits-upcoming dividend payment and the much touted 10% withholding tax
2012-09-21 15:28