investment is for long term , no such thing as 5 months or 5 days , even those crazy unit trust sometime investimes take 10 year jes to recover your capital , not to mention abt making $$$$
with strong resistance 1.23, 0% low bias versus 1st support at 1.26. It is good time to accumulate now for dividend income now. Also RSI below 30% and being overly sold recently, expect some technical rebound in near term when buy volumn kicks in.
What was the reason for the increase? According to its report : "This was mainly due to the acquisition of the investment properties by IGB REIT was completed on 20 September2012." wtf was that supposed to mean? nevermind that the english was crap.
IGBreit am bought for very long time from beginning, but till today never see it move. When will be active and any dividend ? luckily no much buying, anyway still hope it can be increase at least same like CMMT. this is my hope....
REIT mostly is to collect the dividend, as I would see, coming 3-4 months, REIT will declare a dividend at RM 0.0300 ++ (which is 2.5%, if you are using RM 1.20)
REIT shares are all very low now... especially for IGBREIT... new and yet... low.. :D
P/E gone down to 13 after last Q results. Still high relative to other retail reits. Also no plans for growth in the next five years so probably will not move much.
IPO price was RM1.25. = Current Price. ! Plus approx 4 % dividend p.a. and good 2013 financial results. Share price is slowly but surely moving UP. Go go go!
No worry, after big player acquire share last week. local fund kwp also start buying mode, dividend will pay next Q, it should higher compare with other reit since it only pay twice a year.
never pay attention to EPF. their huge funds are managed by different managers, so some may sell and some buy at the same time. they also claim to 'mask' their investing strategy by doing so.
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Posted by armadasaxon > 2013-08-27 17:40 | Report Abuse
reit going red