Posted by janngpl > 2012-09-21 15:28 | Report Abuse

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

Posted by seowwt > 2012-09-22 06:49 | Report Abuse

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?.

Posted by herbert 456 > 2012-09-22 18:17 | Report Abuse

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.

Posted by chongkonghui > 2012-09-26 18:13 | Report Abuse

IGB REIT up;
IGB down.

Why???

Posted by talk2pkc > 2012-09-26 18:23 | Report Abuse

Continue to collect IGB REIT n position getting better & stronger , big yield on the way !!

Posted by necro > 2012-09-28 21:43 | Report Abuse

hahahahha!!!contra huh!!same today!!