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Cambridge Ind Trust Results Announcement Post Reply Rate topic
Smallinvestor Senior	29-Sep-2023 21:11        Smallinvestor About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yup market sentiment is very bad. Even Ray Dalio says the U.S. is going to have a debt crisis. However if got holding power, I believed now is a good time to slowly(not all at once) accumulate, yield can be 10% or more if price is lower. To me 8-9% dividend is already very good. When interest rate fall maybe next year, cost of debt will be lower and reits return shall be higher with higher share price then. US debt already 33 trillion. If fed keep hiking the interest, they are just killing themselves faster. Now the interest they are paying for their debt is already very high and this will eventually add on to their debt. Trader$1      ( Date: 29-Sep-2023 10:50) Posted: market sentiment is really bad. with UST 10y climbing to almost 4.70%, a high since 2007, markets are spooked. Reits is so highly sensitive to yield moves now.  Markets were too optimistic with FED rate cuts 2024.  Since Jerome Powell stressed " higher for longer" , markets are struggling to digest. Smallinvestor      ( Date: 28-Sep-2023 11:24) Posted: Today sell down again. A lot of short selling from sgx shortselling data. Hope past few days buyers are not those who contra or margin, if not more sell off after 3 trading days and if share prices lower. Over 50klots traded when down. Yesterday also trapped quite a lot buyer.
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Trader$1 Member	29-Sep-2023 10:50        Trader$1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	market sentiment is really bad. with UST 10y climbing to almost 4.70%, a high since 2007, markets are spooked. Reits is so highly sensitive to yield moves now.  Markets were too optimistic with FED rate cuts 2024.  Since Jerome Powell stressed " higher for longer" , markets are struggling to digest. Smallinvestor      ( Date: 28-Sep-2023 11:24) Posted: Today sell down again. A lot of short selling from sgx shortselling data. Hope past few days buyers are not those who contra or margin, if not more sell off after 3 trading days and if share prices lower. Over 50klots traded when down. Yesterday also trapped quite a lot buyer.
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Smallinvestor Senior	28-Sep-2023 11:24        Smallinvestor About Contact  Quote this Post!
x 0   x 0  Alert Admin	Today sell down again. A lot of short selling from sgx shortselling data. Hope past few days buyers are not those who contra or margin, if not more sell off after 3 trading days and if share prices lower. Over 50klots traded when down. Yesterday also trapped quite a lot buyer.
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cloudy.mountain Member	28-Sep-2023 01:21        cloudy.mountain About Contact  Quote this Post!
x 0   x 0  Alert Admin	after the sharp rebound you more or less know is fear mongering that led to the sell off but no choice. in this market everyone is scared of REITs coming out hat in hand asking unitholders for more money Trader$1      ( Date: 28-Sep-2023 01:00) Posted: good point. From Biz time article june 23, " The manager expects net proceeds after divestment costs for all seven properties to be S$322.4 million. The net proceeds may also be recycled to fund higher-quality new-economy assets and upcoming asset-enhancement initiatives and redevelopment works, said the manager" n3wbie      ( Date: 28-Sep-2023 00:20) Posted: Thanks for helping to extract the relevant for everyone' s benefit. Just a thought - if the expected construction will take 29 months, wouldn' t that cost be in phases and potentially there could be planned asset monetizations to help offset some of those expected milestone payments? They had earlier this year recapitalized their balance sheet with a $300M EFR, wouldnt quite expect another one again so soon at least
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Trader$1 Member	28-Sep-2023 01:00        Trader$1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	good point. From Biz time article june 23, " The manager expects net proceeds after divestment costs for all seven properties to be S$322.4 million. The net proceeds may also be recycled to fund higher-quality new-economy assets and upcoming asset-enhancement initiatives and redevelopment works, said the manager" n3wbie      ( Date: 28-Sep-2023 00:20) Posted: Thanks for helping to extract the relevant for everyone' s benefit. Just a thought - if the expected construction will take 29 months, wouldn' t that cost be in phases and potentially there could be planned asset monetizations to help offset some of those expected milestone payments? They had earlier this year recapitalized their balance sheet with a $300M EFR, wouldnt quite expect another one again so soon at least. luckyguy3      ( Date: 27-Sep-2023 17:58) Posted: They are going to announce the $240million cold facilities AEI. I bet another fund raising coming .. $240million is no joke. If they borrow $240million, now interest rate so high, their debt burden going to increase, thats why most likely another round of fund raising.. scary la
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n3wbie Elite	28-Sep-2023 00:20        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Thanks for helping to extract the relevant for everyone' s benefit. Just a thought - if the expected construction will take 29 months, wouldn' t that cost be in phases and potentially there could be planned asset monetizations to help offset some of those expected milestone payments? They had earlier this year recapitalized their balance sheet with a $300M EFR, wouldnt quite expect another one again so soon at least. luckyguy3      ( Date: 27-Sep-2023 17:58) Posted: They are going to announce the $240million cold facilities AEI. I bet another fund raising coming .. $240million is no joke. If they borrow $240million, now interest rate so high, their debt burden going to increase, thats why most likely another round of fund raising.. scary la Trader$1      ( Date: 27-Sep-2023 14:37) Posted: thanks. issuing share below NAV is bad indeed. also divestment below valuation. but on the positive note, i thought they were repairing balance sheet. short term pain long term gain
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Alignment Member	27-Sep-2023 23:27        Alignment About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	My own view is that they won' t have to do a rights issue, at least for this disclosed AEI. The total estimated cost on that slide is similar to the S$337m non-core disposal proceeds they have raised which is not yet included the 1H23 results, so these basically net off to get you back to just under 40% gearing. In the meantime they will probably do a few more asset sales to get that ratio back diown a bit, and in any event the capex for that cold storage faciliity is some way out so they have time. Then going forward beyond their disclosed AEI in that slide, if they want to execute further future AEI or acquisitions then I agree they likely will need an equity raise. If they had sense though they would wait till they showed a couple of years' worth of growing DPU which would boost the share price thus facilitating an accretive equity funded investment. Otherwise the downward cycle will continue..
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luckyguy3 Senior	27-Sep-2023 17:58        luckyguy3 About Contact  Quote this Post!
x 0   x 0  Alert Admin	They are going to announce the $240million cold facilities AEI. I bet another fund raising coming .. $240million is no joke. If they borrow $240million, now interest rate so high, their debt burden going to increase, thats why most likely another round of fund raising.. scary la Trader$1      ( Date: 27-Sep-2023 14:37) Posted: thanks. issuing share below NAV is bad indeed. also divestment below valuation. but on the positive note, i thought they were repairing balance sheet. short term pain long term gain. Alignment      ( Date: 27-Sep-2023 13:54) Posted: Depends on what you mean by recent, but over time there have been several share issuances priced below NAV per share. Also declines in values of investment properties
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Alignment Member	27-Sep-2023 17:02        Alignment About Contact  Quote this Post! Style: Fundamental
x 1   x 0  Alert Admin	They have repaired the b/s, yes, at the cost of selling down assets resulting in a fall in DPU. Question is will they then make the same mistakes again. The share price probably reflects some concern that they may. Trader$1      ( Date: 27-Sep-2023 14:37) Posted: thanks. issuing share below NAV is bad indeed. also divestment below valuation. but on the positive note, i thought they were repairing balance sheet. short term pain long term gain. Alignment      ( Date: 27-Sep-2023 13:54) Posted: Depends on what you mean by recent, but over time there have been several share issuances priced below NAV per share. Also declines in values of investment properties
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Trader$1 Member	27-Sep-2023 14:37        Trader$1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	thanks. issuing share below NAV is bad indeed. also divestment below valuation. but on the positive note, i thought they were repairing balance sheet. short term pain long term gain. Alignment      ( Date: 27-Sep-2023 13:54) Posted: Depends on what you mean by recent, but over time there have been several share issuances priced below NAV per share. Also declines in values of investment properties. Trader$1      ( Date: 27-Sep-2023 13:10) Posted: whats the reason for the recent drop in NAV
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BlackAx Member	27-Sep-2023 14:07        BlackAx About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is there a price manipulation going on by the major unitholders? Short and scoop up on the cheap to shore up holding. 🤔 😜
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Alignment Member	27-Sep-2023 13:54        Alignment About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Depends on what you mean by recent, but over time there have been several share issuances priced below NAV per share. Also declines in values of investment properties. Trader$1      ( Date: 27-Sep-2023 13:10) Posted: whats the reason for the recent drop in NAV? Alignment      ( Date: 27-Sep-2023 10:03) Posted: Share price, DPU and NAV have all collapsed. How is this REIT solid
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Trader$1 Member	27-Sep-2023 13:10        Trader$1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	whats the reason for the recent drop in NAV? Alignment      ( Date: 27-Sep-2023 10:03) Posted: Share price, DPU and NAV have all collapsed. How is this REIT solid? kelvinn      ( Date: 27-Sep-2023 09:18) Posted: solid reit, vested for long time.
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Goldfinger Supreme	27-Sep-2023 10:10        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Best is to sell this REIT to MINT. The ESR Manager already lost Sabana?  Now, they can sell out to MINT or MLOG. Alignment      ( Date: 27-Sep-2023 10:03) Posted: Share price, DPU and NAV have all collapsed. How is this REIT solid? kelvinn      ( Date: 27-Sep-2023 09:18) Posted: solid reit, vested for long time.
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Alignment Member	27-Sep-2023 10:03        Alignment About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Share price, DPU and NAV have all collapsed. How is this REIT solid? kelvinn      ( Date: 27-Sep-2023 09:18) Posted: solid reit, vested for long time.
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Trader$1 Member	27-Sep-2023 09:32        Trader$1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	too much bad press this year on ESR. despite strong institutional buying in H1, the price keeps dropping. macro backdrop doesnt help. if US rates keep rising, we see more pain ahead. even the high dividend yield of this reit cant soften the blow to unit holders...Believers like me will need to hold and tahan.  BlackAx      ( Date: 27-Sep-2023 09:26) Posted: Sabana decision not to merge with ESR is proven the right one. The owner of this REIT does not act in the interest of unitholders but for themselves.
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BlackAx Member	27-Sep-2023 09:26        BlackAx About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sabana decision not to merge with ESR is proven the right one. The owner of this REIT does not act in the interest of unitholders but for themselves.
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Trader$1 Member	27-Sep-2023 09:21        Trader$1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	looking at chart, once it broke below 0.305, stop losses got triggered. note significant spike in trading volume.  n3wbie      ( Date: 27-Sep-2023 09:11) Posted: No idea but if not, the share price action looks like margin call?  Trader$1      ( Date: 27-Sep-2023 08:41) Posted: Brutal sell-off in ESR logos. I thought they have consolidated their balance sheet in the last divestment and investors should reward that. Is there any concrete reason for this crazy price action? looks like stop losses
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kelvinn Member	27-Sep-2023 09:18        kelvinn About Contact  Quote this Post!
x 0   x 0  Alert Admin	solid reit, vested for long time.
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n3wbie Elite	27-Sep-2023 09:11        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	No idea but if not, the share price action looks like margin call?  Trader$1      ( Date: 27-Sep-2023 08:41) Posted: Brutal sell-off in ESR logos. I thought they have consolidated their balance sheet in the last divestment and investors should reward that. Is there any concrete reason for this crazy price action? looks like stop losses. n3wbie      ( Date: 26-Sep-2023 23:35) Posted: The sell off based on market speculation on the potential EFR for AEI seems quite overdone? Equally, it speaks to how edgy market is and reflects its sensitivity to potential corporate actions. Another stock which had a similar sell-off recently was Paragon REIT.
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