Sometimes I wonder what the management is doing. Last year's private placement was 1.78, now fast forward one year it's 1.75. If even the management thinks that the fair value ought to be lower this year than last year, what do they expect from investors....
Just noticed the below: EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 706,500 shares on 26-Jan-2023. On 26-Jan-2023, the total day's volume for AXREIT was only 897,300. Meaning non EPF account, the free market volume was only 190,800 shares.
non-stop PP, but PP proceeds utilised to grow company doesnt seem to prove that earnings can go higher, although there is said to be impacted by 3 properties - 2 undergoing upgrade, 1 lease contract looking for new lessee - and some provision for bad debt... regardless, I grow sceptical... anyone can bounce off ideas?
Market is slowly and finally getting to it sense. More down down down for Axreit. Their super exposure on single customer exposure is finally hitting them very hard. If you like Logistics REIT I think Mapletree is a much better ones as it doesn’t have high single customer exposure.
Just some random thoughts after reading about National Energy Transition Roadmap (NETR)
Idea: Axis renting out rooftop / installing solar panel to sell green energy
For instance: Axis Shah Alam Distribution Centre 2 (SADC2) “145,314 square feet of rooftop area from Axis Shah Alam DC2 is tenanted by two tenants that have mounted solar electric generating systems.”
Based on some rough calculation from ChatGPT with data from year 2021 Assuming 140,000 square feet of solar panel installed (we assume not the entire 145,314 square feet are being installed with Solar Panel)
Energy Production per year: 4,139,100 kWh/year Energy Price Worth in MYR: MYR 902,121.8/year
Since Axis total lettable area is 12,726,260 square feet Assuming 10% of lettable area can be installed with Solar Panel
Energy Production per year: 35,478,000 kWh/year Energy Price Worth in MYR: MYR 7,734,204/year.
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....