DRP plan unit issue price of 0.9767. Current price is 0.965-0.97, caveat is that one does not pay brokerage for DRP.
Attached is the announcement.
Any VB planning to take up DRP, I am planning to take it up.
2% discount is quite pathetic... might as well don't give any discount.
Taking the possibility odd lots into consideration, might as well just buy from open market. With market fluctuations, you might even be able to score >2% discount!
(04-11-2015, 11:37 AM)piggo Wrote: [ -> ]2% discount is quite pathetic... might as well don't give any discount.
Taking the possibility odd lots into consideration, might as well just buy from open market. With market fluctuations, you might even be able to score >2% discount!
Actually it is not 2% discount. U r paying 2% premium for the additional shares via the DRP. So you pay less if u buy frm open matket. Furthermore, it dilutes the existing shares, further lowering our alrdy lower dividend per share. If u think this is a value buy u shld just buy frm open market. Trading commission doesn't even cost as much as the premium u pay for DRP if u r using a Standard Chartered account.
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All the three commercial reits are doing extremely well in the last month and a half.
Keppel REIT is up 12.5%
Capitaland commercial reit is up 9.13%
Suntec REIT is up 10%.
STI ETF as a proxy for STI is up 7.5%.
I am not sure why, because there seems to be a drumbeat of negative news on the office rental market.
It cannot be because of dividend anticipation as Keppel REIT went Ex Dividend.
A bit puzzled
Maybe bad news reduce expectation of interest rates increase. Can't think of anything else
That how 90% of investors under performe the market (with many losing money) and how the 10% consistently out performs. Market irrationality?
A friend highlighted one potential reason.
http://www.sgx.com/wps/wcm/connect/sgx_e...rly-review
There was the STI index review and Noble group was dropped while capitaland commercial was added.
The remaining companies in the reserve list are Keppel Reit, Suntec Reit, NOL (I guess with the takeover of CMA, no point running this up), First Resources and Sing Post.
Actually, barring NOL, all companies have shot up by around 10%.
So, probably this could be one of the reasons.
Well, one learns something new every day!