Hopefully next QR, AXREIT will announce another round of IDIP again instead of PP. This way retail investors can benefit instead of just Institutional Investors (EPF) to benefit. Last round IDIP was priced at RM 1.70 only!
I don't like PP because it almost always gave me odd lots, which is impossible or very expensive to sell. Unless i am big investor, who can buy lots of shares to round up the PP offers to avoid odd lots, which I am certainly not one of them.
Axreit's performance is only stable but not improving, which is kind of disappointed. I thought its warehouse business (now including own property development capability) could enhance its profits. Maybe still need more years. This strategy has at least run more than 5 years now? Still not much fruit.
Price go up as high as RM1.95 after disposing ASC@Silc for RM162m. Disposal proceed enable recycle capital for new acquisition. Therefore, Private placement not so soon unless another big acquisition coming.
"Gearing should increase to 41% following these acquisitions, but the REIT will plan to undergo a placement to repay its borrowings" - RHB-OSK Not another one...
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....
i3kyan
50 posts
Posted by i3kyan > 2023-12-21 12:12 | Report Abuse
may i know where can i check the details of IDRP? i cant find anywhere google.. :(