ESR-REIT
Cambridge Ind Trust Results Announcement
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541-560 of 633
Floor is 0.535 now.
Resistance at 0.64
spore1 ( Date: 18-Nov-2015 19:45) Posted:
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45 cents will be gd to buy
Expect to go lower .Flat at 0.6
Not yet oversold. Still have room to head lower .
Closed at 0.605
P/B at 0.9
0.54 (support level). Possibility of hitting it
no one like or hate cambridge?
anyone has view on this counter?
Risk Factors upcoming 12months (Take note)
Management of lease expiries
Approximately 17.5% of CIT&rsquo s leases by total rental revenue are due for renewal within the next 12 months from 30 September 2015, of which 16.4% (nine properties) are for single-tenanted buildings and 1.1% are for multi-tenanted buildings.
In respect of the nine single-tenanted buildings, the Manager expects to convert five of the properties to multi-tenancy, renew or enter into new leases for three properties, and redevelop one property. The conversion of properties from single tenancy to multi-tenancy will have a negative impact on portfolio occupancy and net property income
High chance DPU will drop.
On technical wise, bounce off the overbought level. been trading at a range.
Sell
Result annoucement 22nd Oct 2015. DPU may dip slightly due to low production rate. Good luck.
Neber mind about market volatility, pay day on Wed for this bugger. Kekeke.....
Result on 23 July. DPU???
CD payment on 10 June.
WanSiTong ( Date: 22-Apr-2015 11:37) Posted:
DPU : 1.225 cents per unit
Ex : 28 April 2015
WanSiTong ( Date: 16-Apr-2014 08:04) Posted:
Effectively, annuallized yield about 6.85% ....huat arh !!
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Controlled at 715. Unless got super good results.
Can go beyond 0.725 ?
DPU : 1.225 cents per unit
Ex : 28 April 2015
WanSiTong ( Date: 16-Apr-2014 08:04) Posted:
Effectively, annuallized yield about 6.85% ....huat arh !!
WanSiTong ( Date: 16-Apr-2014 07:59) Posted:
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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07-Nov-2014 17:12:33
Distribution Reinvestment Plan for Quarter Ended 30 September 2014 Despatch of Notice of Election
http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content& B=AnnouncementLast3MonthsSecurity& F=J4N6APRDD05L115N& H=456a8336da2b7514ab4392a005e632771cf5ab930dc6b43fc019711a1fc05049#.VGWWifk7P6s
03-Nov-2014 17:05:34
Issue Price of New Units Pursuant to the Distribution Reinvestment Plan
http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content& B=AnnouncementLast3MonthsSecurity& F=UPRCA99Y881CW4AA& H=3625a2b322341ff4de21e030efc12f7297ab48dc75fbc74a9b00dff1214f17ae#.VGWXC_k7P6s
ISSUE PRICE OF NEW UNITS PURSUANT TO THE DISTRIBUTION REINVESTMENT PLAN
Cambridge Industrial Trust Management Limited, as manager of Cambridge Industrial Trust (&ldquo CIT&rdquo and the manager, the &ldquo Manager&rdquo ) wishes to announce that the issue price of the new units in CIT pursuant to the application of the Distribution Reinvestment Plan to CIT&rsquo s distribution for the quarter ended 30 September 2014 (&ldquo DRP Units&rdquo ) is S$0.6835 per DRP Unit.
The issue price represents a discount of 2% to the volume-weighted average traded price per unit in CIT (&ldquo Unit&rdquo ) on the Singapore Exchange Securities Trading Limited (the &ldquo SGX-ST&rdquo ) from 29 October 2014 to 31 October 2014 (both dates inclusive).
Cambridge Industrial Trust - Acquisition amid a tight market
Shared By Stock Fanatic on Tuesday, August 26, 2014
CREIT has just announced the proposed acquisition of 12 Ang Mo Kio Street 65 for a purchase consideration of S$39.8m. By funding this acquisition with debt and cash on hand, the leverage ratio is expected to rise to 34.8% upon its completion. Consequently, DPU is expected to be boosted by c.2% in FY15. On the back of a tight acquisition market, we view this transaction positively, although the impact on earnings is expected to be limited.
We maintain our Hold rating while our DDM-based (discount rate: 8.0%) target price rises slightly to S$0.78 as we price in the marginally higher earnings.
What Happened
Cambridge Industrial Trust (CREIT) has just announced that it has entered into a conditional sale and purchase agreement with Freshlane Pte Ltd in connection with the proposed acquisition of 12 Ang Mo Kio Street 65 for a purchase consideration of S$39.8m. The property is a 6-storey purpose-built light industrial building with a GFA of 16,762 sq m and a remaining tenure of 36 years. Current occupancy stands at 85%, with two tenants, namely, Nepes Pte Ltd and Singapore Technologies Electronics Ltd.
What We Think
With a cap rate of 6.75% and an expected yield on cost of c.7% (at 100% occupancy), the valued paid for this property is in line with the weighted cap rate of CREIT' s recent valuation (6.5-6.9%). With this acquisition expected to be fully funded via cash on hand and debt, we believe there will be no capital-raising. Consequently, we expect this acquisition to be yield-accretive, adding 2.1% to FY15 DPU and 2.2% to FY16 DPU, with a leverage ratio of 34.8% upon completion. Given this, together with the strong tenants currently on the property, we view the proposed acquisition positively, although given the value of this asset and the fact that the acquisition will only be completed in 3Q14, the impact on FY14 earnings should be minimal.
Technical Analysis
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What You Should Do
CREIT is offering dividend yields of 7.0% for FY14 and 7.4% for FY15 vs. 7.2% and 7.4% for its peers. On this basis, together with its 1.05x P/BV compared to the sector average of 1.09x and limited impact on earnings from this acquisition, we maintain our Hold rating, with a slightly higher target price of S$0.78 as we factor in the marginally higher contributions from this acquisition to FY15 earnings.
(Read Report)
found 0.70 @ 200DMA
dc16888 ( Date: 30-Jul-2014 13:22) Posted:
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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