Cambridge Industrial Trust sells Tuas property for S $ 16.5m
INDUSTRIAL landlord Cambridge Industrial Trust (CIT) has agreed to sell its remaining leasehold interest in a property at 23 Tuas Avenue 10 for S $ 16.5 million, it said in a Singapore Exchange filing Monday morning.
The four-storey industrial building, which CIT said was a " non-core asset" , has a gross floor area of around 102,310 sq ft and a remaining land tenure of " about 40 years" .
The proposed sale price was 5 per cent above its book value of S $ 15.7 million and nearly twice the S $ 8.55 million that CIT paid for it in 2006, the trust manager said.
It said it would use the proceeds to repay debt, to fund refurbishments and renovations and for potential acquisitions, adding that the completion of the sale was subject to approval by JTC Corporation and was expected to take place in June 2016.
 
Good price to enter at 0.5
extremely overbot level
Time to take a short position
 
Heading to 0.48
Run up with no reason ... basically everything  moving to risk assets..
 
Direction turning soon, at overbot level .
Still expecting it to drop lower
Issue and listing of new units under the distribution reinvestment plan
Another 6.7mio units
Hitting oversold level..
Reduce my holding on Cambridge today at 0.515
Keeping finger crossed
Interesting discovery
Looks like someone trying to support the price at 0.52
when someone sell at 0.515, someone will buy 100 at 0.52...
| 09:28:13  | 0.52  | 100  |
| 09:28:13  | 0.52  | 100  |
| 09:28:12  | 0.515  | 1000  |
| 09:28:12  | 0.52  | 300  |
| 09:24:10  | 0.52  | 300  |
| 09:23:51  | 0.515  | 1000  |
| 09:21:33  | 0.52  | 100  |
| 09:21:33  | 0.52  | 100  |
| 09:21:31  | 0.515  | 1000  |
| 09:17:32  | 0.52  | 200  |
| 09:17:30  | 0.52  | 600  |
| 09:17:27  | 0.52  | 100  |
| 09:17:27  | 0.52  | 100  |
| 09:17:26  | 0.52  | 100  |
| 09:17:26  | 0.52  | 100  |
| 09:17:24  | 0.52  | 200  |
| 09:17:24  | 0.52  | 200  |
| 09:17:23  | 0.515  | 5000  |
| 09:17:23  | 0.52  | 300  |
| 08:58:26  | 0.515  | 200  |
Should be heading back to 0.48
 
Lower DPU for next Q
Still targetting to sell at 0.52. highest at 0.515
good trade.. i nearly wanted to sell at 0.52.. argghh
lawrence83 ( Date: 04-Feb-2016 09:39) Posted:
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no need.. diviend stock not taxable.
 
Sold at S$ 0.52 and bought back again S$ 0.50. 
Can I ask whether dividend stock is a taxable income ? Do we need to declare it ?
new resistance at 0.52 i think
ShowMeMoneyp ( Date: 03-Feb-2016 09:47) Posted:
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Not quite, still above 30
back to oversold level
maybe can click better...
beginners ( Date: 01-Feb-2016 01:33) Posted:
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One Ang mo out another Ang mo in. Local no talent to become COO/CFO/CEO meh?
local chinese.
y?
 
WanSiTong ( Date: 31-Jan-2016 11:40) Posted:
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