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EQUITIES: Alliance Global exits MLT with US$105m block trade
10 July 2012
The Philippines’ Alliance Global Properties sold its entire stake of 5.7% in Mapletree Logistics Trust to raise S$133.8m (US$105.2m). It sold 139.4m shares at S$0.98 each, the bottom of the S$0.96–$0.98 guidance, giving a 4.5% discount to the July 9 close and a dividend yield of around 7.3% at that price.
This statement says for funding raising. For what, not mention.
Personally feel is still okay to hold on to it. 96c should be a strong support. In addition, qtrly payout of 1.7c is coming. I hope share price will recover by then.
yiming2000 ( Date: 10-Jul-2012 10:26) Posted:
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Alexchia01 - ok, I took your advice and bought 10 lots at 0.98.
Moneysense and CrazGreed - How many lots and what are your entry prices? We need to dump it at 0.955 stop loss as Alex said.
sk6666 ( Date: 10-Jul-2012 09:38) Posted:
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CrazGreed, Moneysense
r u selling or holding on?
Units of Mapletree Logistics Trust, which owns warehouses and logistics assets in Asia, fell as much as 4.5 percent to a one-month low after a shareholder sold its stake in the trust in a block trade.
By 0110 GMT, Mapletree Logistics was down 4 percent at S$0.965, with over 143.2 million units traded, 62.3 times its average daily volume over the last five sessions. It was the most actively traded stock.
Alliance Global Properties sold its 5.7 percent stake in Mapletree Logistics, or 139.3 million shares at S$0.96 each in a block trade. Citigroup was the sole bookrunner, IFR reported.
0911 (0111 GMT)
(Reporting by Charmian Kok in Singapore [email protected])
http://www.todayonline.com/Business/EDC120709-0000139/Alliance-Global-Properties-seeks-to-sell-Mapletree-Logistics-Trust-stake
it will gap up soon... bought some this money... :)
Moneysense ( Date: 10-Jul-2012 09:34) Posted:
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CrazGreed ( Date: 05-Jul-2012 11:45) Posted:
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Sifu Alex has v good foresight. Recently, hv profited by following his call on Indofood.
MLT today hit a dollar. Could fly higher v soon. i m vested.
I think can buy MapleTreeLog today.
Entry: $0.990 to $1.000
Stop-Loss: $0.955
More on my Blog at Alex Trades.
Good luck.
Industrial REITs: Muted impact of 30-year lease for industrial properties.
Mapletree Logistics Trust (BUY/S$0.97/S$1.10)
The Ministry of Trade and Industry (MTI) announced that it is halving the tenure of industrial sites under its government land sales (GLS) programme from a maximum of 60 years to a maximum of 30 years. Smaller industrial sites will see a slight increase in tenure from 19 years to 22 years. In addition, the government continued to boost the supply of land available for tender, releasing 23.72 ha for the 2H12 GLS, close to the 23.97 ha released in the 1H12 GLS. The total 47.69 ha of land released for 2012 is 1.4 times that for 2011. Near-term impact on industrial REITs muted. The impact will be muted for industrial REITs as acquisitions will continue to come from the existing stock of industrial properties with over 75-95% of industrial properties owned outside of the REITs. Our checks with industrial REITs suggest that this rule has not been extended to industrial Build-to-Suit (BTS) sites, as these sites are allocated by JTC and are assessed on their own merits. Anecdotally, the lower land tenure of 30 years has been anticipated by the market to a certain extent.
Longer-term impact mitigated by active asset management and overseas acquisitions. In the longer term, we anticipate that industrial REITs will be more pro-active in asset management, through divestments or redevelopment of older properties, and will also look towards overseas acquisitions to mitigate the impact of shorter land leases in