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Cambridge Ind Trust Results Announcement
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dc16888
Master |
30-Jul-2014 13:22
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Price still kept falling despite CD. each day falls 1 c, today low @ 0.73. waiting to long but what price? 0.72? |
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WanSiTong
Supreme |
25-Jul-2014 14:33
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Cambridge Industrial Trust (HD▼ , TP:S$0.77▼ ) - Going overseas CREIT&rsquo s 1H14 results were in line with expectations, with its DPU forming 48% of our FY14 forecast. Management highlighted that the REIT will look to acquire assets in overseas markets such as Australia, Japan and Malaysia. Although we recognise this as an avenue that most REITs might have to take eventually for growth reasons, we downgrade CREIT to Hold from Add as we see limited growth in the near term. Our DDM-based (discount rate:7.9%) target price goes down to S$0.77, as we lower our FY14-16 forecasts by c.2.2% to reflect the slower local industrial market. We expect potential re-rating catalysts from future yield-accretive acquisitions. |
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dc16888
Master |
24-Jul-2014 09:53
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can anyone help? is cambridge formed double top at recent high? 0.755 is the neckline? Thks |
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WanSiTong
Supreme |
24-Jul-2014 09:03
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NOTICE OF BOOKS CLOSURE AND DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Cambridge Industrial Trust (" CIT" ) will be closed at 5.00 pm on 4 August 2014 for the purpose of determining Unitholders&rsquo entitlements to CIT&rsquo s distribution. CITM has announced a distribution of 1.251 cents per unit for Cambridge units for the period 1 April 2014 to 30 June 2014 comprising distributions from the following: Taxable income 1.022 cents per unit Capital 0.134 cents per unit Capital gains 0.093 cents per unit Tax-exempt income 0.002 cents per unit Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with CIT units as at 5.00 pm on 4 August 2014 will be entitled to the distributions that will be paid on 10 September 2014. |
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bishan22
Supreme |
14-May-2014 14:29
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Going to test 0.80. Good luck. | ||||
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WanSiTong
Supreme |
21-Apr-2014 16:33
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New formula cuts performance fee by up to 50%, so more cash can go back to unitholders. Under the old formula , performance fees for 6 mths enede 30.6.13 : $ 27.7M The mgt waived half & accpeted payment of $ 13.9M Saving :$ 13.8M / 1,242 M (UH as at 30.3.14) = 1.11c X 2 = 2.22c p.a.
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junction
Master |
18-Apr-2014 12:31
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Thats good news to investors. No wonder it went up yesterday. Yield is good. I think can buy some to keep.
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WanSiTong
Supreme |
17-Apr-2014 17:10
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CIT Reduces Performance Fees in Favour of Unitholders Singapore, 17 April 2014 &minus Speaking at today&rsquo s fifth Annual General Meeting, the Manager of Cambridge Industrial Trust has announced it has decided to unilaterally reduce the Trust&rsquo s performance fee calculation in favour of Unitholders. The Tier 2 performance fee will be reduced to 5% from 15% which effectively cuts the performance fees by up to 50%. " As you can recall, the Trust strongly outperformed the benchmark index last year, we were entitled to a performance fee of S$27.7 million. The board took the decision to reduce this by 50% to S$13.9 million. In response to feedback from Unitholders over the quantum of performance fees in 1H2013, the board has decided to adjust the way the performance fee is calculated. The revised calculation will permanently reduce the fees by about half." said Dr Chua Yong Hua, Chairman of the board. Management was congratulated by Unitholders for being the best performing industrial REIT in 2013 and for listening to them by amending the performance fees. |
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WanSiTong
Supreme |
17-Apr-2014 11:40
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UNILATERAL ADJUSTMENT TO PERFORMANCE FEES IN FAVOUR OF UNITHOLDERS 1. REVIEW AND ADJUSTMENT TO PERFORMANCE FEE COMPUTATION Following a review by the Board, Cambridge Industrial Trust Management Limited, as manager of Cambridge Industrial Trust (" CIT" and the manager of CIT, the " Manager" ), has decided to waive a certain portion of its performance fee in certain circumstances with immediate effect, for the benefit of unitholders of CIT (the " Unitholders" ). http://infopub.sgx.com/FileOpen/17042014SGXCITAnnouncement_Performance%20Fees%20Adjustment_Final.ashx?App=Announcement& FileID=291982 |
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john_ric
Supreme |
17-Apr-2014 11:33
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... Halted. another M& A story? taken private ?? |
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WanSiTong
Supreme |
16-Apr-2014 08:58
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Published April 16, 2014
CIT' s Q1 DPU up, completes two acquisitions in Singapore
By Jacquelyn Cheok
CAMBRIDGE Industrial Trust (CIT) on Wednesday posted a distribution per unit (DPU) of 1.251 Singapore cents for its first quarter ended March 31, 2014 (Q1), a 1.4 per cent increase from 1.234 Singapore cents a year ago.
Net property income fell 11.1 per cent from S$21.33 million a year ago to S$18.97 million, while net amount available for distribution rose 3.3 per cent from S$15.1 million a year ago to S$15.6 in Q1. Gross revenue slipped 5.1 per cent to S$23.54 million in Q1, down from S$24.8 million in the same period a year ago. This was largely due to the straight line rent adjustment of S$0.9 million in the previous period and the effect of property divestments net of property acquisitions, completion of developed properties and rental escalations of S$0.4 million since Q1 2013, CIT said. Meanwhile, it completed two acquisitions totalling S$73 million in Q1: 30 Teban Gardens Crescent at a purchase price of S$41 million and 11 Chang Charn Road at a purchase price of S$32 million. |
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bishan22
Supreme |
16-Apr-2014 08:14
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Thks Wan kor. My quarterly kopi at starbuck. Wohooo. 
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WanSiTong
Supreme |
16-Apr-2014 08:04
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Effectively, annuallized yield about 6.85% ....huat arh !!
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WanSiTong
Supreme |
16-Apr-2014 07:59
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NOTICE OF BOOKS CLOSURE AND DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Cambridge Industrial Trust (" CIT" ) will be closed at 5.00 pm on 25 April 2014 for the purpose of determining Unitholders&rsquo entitlements to CIT&rsquo s distribution. CITM has announced a distribution of 1.251 cents per unit for Cambridge units for the period 1 January 2014 to 31 March 2014 comprising distributions from the following: &bull Taxable income 1.141 cents per unit &bull Capital gains 0.108 cents per unit &bull Tax-exempt income 0.002 cents per unit Total : 1.251 c Ex date : 23/4 Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with CIT units as at 5.00 pm on 25 April 2014 will be entitled to the distributions that will be paid on 4 June 2014. |
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Novice13
Veteran |
15-Apr-2014 22:36
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Expect CIT tomorrow morning results to show gradual increment in revenue and dpu distribution. | ||||
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WanSiTong
Supreme |
15-Apr-2014 11:28
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Yes, every quarter without fail.... distribute kopi $$$...Huat arh!
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linsong88
Senior |
15-Apr-2014 11:26
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It' s quite a stable REITS.... so maybe wont be dissapointing ... But wont be surpising too ... Just my 2 cent...
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bishan22
Supreme |
15-Apr-2014 11:09
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Result announcement: 16/4/2014. Good luck. 
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WanSiTong
Supreme |
19-Feb-2014 16:43
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Cambridge Industrial Trust ST: the upside prevails as long as 0.681 is support 2014-02-18 00:53:00 Our preference: the upside prevails as long as 0.681 is support. Our pivot point is at 0.681. Our preference: the upside prevails as long as 0.681 is support. Alternative scenario: the downside breakout of 0.681 would call for 0.669 and 0.662. Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 0.69 and 0.69). Supports and resistances: 0.735 ** 0.728 * 0.721 ** 0.714 0.  |
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john_ric
Supreme |
20-Jan-2014 17:08
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No one is indispensable.. |
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