If you visit some of their malls many are empty due to oversupply malls. Giant Mahkota Parade moved out recently.
Ser Leng Quek Why Hektar Black keeps on disposing in open market.? Cash-strapped becoz some of its property projects failed? Better directly disposed to Fraserpoint Commercial Trust and let them runs the show with better management. This will sure up the price. 11/07/2019 8:47 PM
Hektar Black Sdn Bhd had about 157 milion shares at at beginning of July, thats about 34% of Hektar Reit. If they keep selling at the rate 350k shares a day it will take them about 2 years to clear. So long as they keep selling.... the market cannot go up, and will continue to slide. Who knows what their game plan is, or maybe how desperate they are, or if its the banks selling their shares. As it is, the constant selling is cutting their own throats as well as ours.
i will also buy more...even with lower dividends, price drops even more... good for me compare to FD rates... guess different investors have different criteria and requirements... :)
Hektar Black Sdn Bhd has offered Medium Term Notes (coupon bond) of 8% worth up to RM950 million for 10 years. The next payment is 18 July 2019 for this period.
HEKTAR BLACK SDN BHD 02-Jul-2019 Disposed 350,000 0.000 View Detail HEKTAR BLACK SDN BHD 01-Jul-2019 Disposed 154,000 0.000 View Detail HEKTAR BLACK SDN BHD 28-Jun-2019 Disposed 257,000 0.000 View Detail HEKTAR BLACK SDN BHD 27-Jun-2019 Disposed 552,300 0.000 View Detail HEKTAR BLACK SDN BHD 26-Jun-2019 Disposed 173,300 0.000 View Detail HEKTAR BLACK SDN BHD 25-Jun-2019 Disposed 122,400 0.000 View Detail HEKTAR BLACK SDN BHD 24-Jun-2019 Disposed 200,000 0.000 View Detail HEKTAR BLACK SDN BHD 21-Jun-2019 Disposed 150,000 0.000 View Detail HEKTAR BLACK SDN BHD 20-Jun-2019 Disposed 214,200 0.000 View Detail HEKTAR BLACK SDN BHD 19-Jun-2019 Disposed 153,300 0.000 View Detail HEKTAR BLACK SDN BHD 18-Jun-2019 Disposed 150,000 0.000 View Detail HEKTAR BLACK SDN BHD 17-Jun-2019 Disposed 200,100 0.000 View Detail HEKTAR BLACK SDN BHD 14-Jun-2019 Disposed 250,000 0.000 View Detail HEKTAR BLACK SDN BHD 13-Jun-2019 Disposed 150,000 0.000 View Detail HEKTAR BLACK SDN BHD 12-Jun-2019 Disposed 200,000 0.000 View Detail HEKTAR BLACK SDN BHD 11-Jun-2019 Disposed 200,000 0.000 View Detail HEKTAR BLACK SDN BHD 14-May-2019 Disposed 550,000 0.000 View Detail HEKTAR BLACK SDN BHD 13-May-2019 Disposed 100,000 0.000 View Detail HEKTAR BLACK SDN BHD 09-May-2019 Disposed 500,000 0.000 View Detail https://klse.i3investor.com/servlets/stk/annchsh/5121.jsp
Some of its shares are pledged, share price down then got forced sale i think. It still the biggest holder. Share price now rm1 can get 2 sen a quater is not good return ? If no good for you you can sell.
HEKTAR BLACK SDN BHD 02-Jul-2019 Disposed 350,000 0.000 View Detail HEKTAR BLACK SDN BHD 01-Jul-2019 Disposed 154,000 0.000 View Detail HEKTAR BLACK SDN BHD 28-Jun-2019 Disposed 257,000 0.000 View Detail HEKTAR BLACK SDN BHD 27-Jun-2019 Disposed 552,300 0.000 View Detail HEKTAR BLACK SDN BHD 26-Jun-2019 Disposed 173,300 0.000 View Detail HEKTAR BLACK SDN BHD 25-Jun-2019 Disposed 122,400 0.000 View Detail HEKTAR BLACK SDN BHD 24-Jun-2019 Disposed 200,000 0.000 View Detail HEKTAR BLACK SDN BHD 21-Jun-2019 Disposed 150,000 0.000 View Detail HEKTAR BLACK SDN BHD 20-Jun-2019 Disposed 214,200 0.000 View Detail HEKTAR BLACK SDN BHD 19-Jun-2019 Disposed 153,300 0.000 View Detail HEKTAR BLACK SDN BHD 18-Jun-2019 Disposed 150,000 0.000 View Detail HEKTAR BLACK SDN BHD 17-Jun-2019 Disposed 200,100 0.000 View Detail HEKTAR BLACK SDN BHD 14-Jun-2019 Disposed 250,000 0.000 View Detail HEKTAR BLACK SDN BHD 13-Jun-2019 Disposed 150,000 0.000 View Detail HEKTAR BLACK SDN BHD 12-Jun-2019 Disposed 200,000 0.000 View Detail HEKTAR BLACK SDN BHD 11-Jun-2019 Disposed 200,000 0.000 View Detail HEKTAR BLACK SDN BHD 14-May-2019 Disposed 550,000 0.000 View Detail HEKTAR BLACK SDN BHD 13-May-2019 Disposed 100,000 0.000 View Detail HEKTAR BLACK SDN BHD 09-May-2019 Disposed 500,000 0.000 View Detail https://klse.i3investor.com/servlets/stk/annchsh/5121.jsp
On 17 July 2019, having heard submissions from both parties’ counsels at the hearing of the application for stay of execution, the High Court granted the following orders: a. a conditional stay of execution in favour of The Store subject to the payment of double rental in the sum of RM5,518,811.88 to be deposited by The Store into a joint stakeholders account of Hektar REIT’s solicitors (Messrs Han & Partners) and The Store’s solicitors (Messrs Gideon Tan Razali Zaini) within 30 days from 17 July 2019 i.e. on or before 16 August 2019; https://cdn1.i3investor.com/my/files/st88k/5121_HEKTAR/qr/2019-06-30/5121_HEKTAR_QR_2019-06-30_Hektar%20-%202nd%20Quarterly%20Results_-265104152.pdf
Hektar Asset Management Sdn Bhd CEO Datuk Hisham Othman (pic), however, declined to divulge further information on the retail asset but reiterated that the Reit’s strategy is to own geographically diverse malls that are yield accretive.
“This strategy has been proven well and the future malls that we acquire will most likely be situated outside the Klang Valley, as the Klang Valley is saturated with overbuilt malls or retail assets,” he said after the REIT’s AGM.
"Strategy has been proen well" Dato' Othman is qutoed as stating. Proven well for whom? The share price has plunged over 10 years, the DPU has plunged also. Within that same period the sahe price has plunged from 1.56 to 99cents! Below Par!!! The only person that has done well is the manger whos fees have increased from RM3.7 Mill to RM8.4 million over the same period! Dato' please look at the plight of your shareholders before boasting how well you are doing!
Hektar Reit Unit price at the end 2009 was RM 1.12, Unit price at the end 2019 was RM 1.11, In 2009 Managers fees were 3,790,195 and 2019 they had skyrocketed up 223% to 8,443,864 In the same period the DPU had dropped significantly from 10.5 Cents. to 9.01 Cents.
Managers fees have risen in all but one year since 2009, however DPU stayed flat at 10.5 cents each year till 2017, then it started to drop. Despite DPU dropping, the mangers fees continues to climb. Clearly the Managers Hektar Asset Management Sdn Bhd have been focused on their fees rather than Unit holder DPU!
REIT Managers are ever keen to acquire more and more properties which increases their fees if badly run its at the cost of the DPU.
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Posted by anticonman > 2019-07-14 21:38 | Report Abuse
If you visit some of their malls many are empty due to oversupply malls. Giant Mahkota Parade moved out recently.
Ser Leng Quek Why Hektar Black keeps on disposing in open market.? Cash-strapped becoz some of its property projects failed? Better directly disposed to Fraserpoint Commercial Trust and let them runs the show with better management. This will sure up the price.
11/07/2019 8:47 PM