Pollux Properties

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Yup! I totally agreed with you, Queue at a more "reasonable price"; otherwise, you get 1 lot done only. And my reasonable price is anything above $0.076. I believe if you starting queue at $0.078 to $0.08, you should get it within a week or so.

(27-08-2014, 10:53 AM)kelvesy Wrote: When we talk about sustainable purchases, I usually will just leave my buying queue there. Say, 200 lots at $0.076. More or less, it gets filled ENTIRELY. I find this method best.

I don't try to put at $0.071. Sellers will sell one lot and my brokerage charges is not fully optimized. Imagine one lot, $71 and brokerage fees $26? Somehow, the seller is forcing us to bid a higher price while doing this.
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Just to add, for example now there is a buyer queue to buy 85 lots at $0.072, if some other buyer now queue to buy 50 lots at $0.078, what will happen if there is a "unfriendly" seller? He will sell 50 lots at $0.078 and then say "hi" to the buyer at $0.072 and sell him 1 lot.

I am trying to say, it is "dangerous" to queue at "unrealistic" low price if there is buyers offering at realistic price.


(27-08-2014, 11:13 AM)BestPrice Wrote: Yup! I totally agreed with you, Queue at a more "reasonable price"; otherwise, you get 1 lot done only. And my reasonable price is anything above $0.076. I believe if you starting queue at $0.078 to $0.08, you should get it within a week or so.

(27-08-2014, 10:53 AM)kelvesy Wrote: When we talk about sustainable purchases, I usually will just leave my buying queue there. Say, 200 lots at $0.076. More or less, it gets filled ENTIRELY. I find this method best.

I don't try to put at $0.071. Sellers will sell one lot and my brokerage charges is not fully optimized. Imagine one lot, $71 and brokerage fees $26? Somehow, the seller is forcing us to bid a higher price while doing this.
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Good point, BestPrice.

For the seller, he has already committed his shares and there is not much downside in committing another sale of 1 lot. Maybe he will earn $6 lesser, but brokerage fees were already occurred.

For the buyer, he has to pay $71 and brokerage fee of $25-26. That itself is 35% of the one lot cost. The brokerage fees is NOT fully optimized at all.

Anyway, I realised Pollux sellers are not simple.
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For small investor like me I use Standard Chartered online trading. No minimum commission, I paid 1.8% of trade value so if 1 lot done at 7c commission is only few cents. OCBC also has this trading platform but shares are registered under Raffles nominnees with SCB. Special arrangement needed for 1 to attend AGM if required.
I find this platform useful for illiquid shares when 1 lot is sold down to buyer.
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Typo. Commission should write as 0.18% (not 1.8%) irrespective of trade value.
(27-08-2014, 12:37 PM)Goldmine7777 Wrote: For small investor like me I use Standard Chartered online trading. No minimum commission, I paid 1.8% of trade value so if 1 lot done at 7c commission is only few cents. OCBC also has this trading platform but shares are registered under Raffles nominnees with SCB. Special arrangement needed for 1 to attend AGM if required.
I find this platform useful for illiquid shares when 1 lot is sold down to buyer.
Reply
An update from the Management engagement after AGM.

Pollux's Management had shared that they are no longer looking into project development in Myanmar due to the sky-rocketed land price and it is no longer viable to enter at current level. A wise calculated move in my opinion, as some developers were caught between a rock and a hard place when they made the impulsive commitment during the initial rush.

Nonetheless, I'm still eagerly looking forward to the announcement on the Malaysia and Melbourne Projects. IMHO, these mega-projects could be the triumph card to drive up the share price post RTO.


http://www.ibtimes.com/myanmar-real-esta...13-1548874

Myanmar Real Estate Outlook 2014: Prices Have Little Room To Grow After Peaking In 2013

Real estate prices in Myanmar will likely settle down in 2014 -- despite a continued rise in demand -- after skyrocketing during all of 2013. The country's recent draft condominium law could result in a better environment for foreign investors, but many will likely want to wait until after the 2015 elections to gain a better idea of the country's political stability before committing to the lucrative but risky environment.

As more foreigners moved into Myanmar in 2013, either for business or personal reasons, demand -- and subsequently prices in the housing market in cities like Yangon -- skyrocketed. In 2014, that demand will continue to rise by 60 percent above 2013 levels, Mizzima, a Burmese newspaper, reported. Thankfully, that does not mean prices will rise with demand.

“Property rental prices cannot rise much further because the cost of renting most types of accommodation reached its highest level in 2013,” said Ma May Htet Aung, the managing director of Power 7 Real Estate and General Services.

Both domestic and foreign property developers have begun building apartment buildings, which should ease the shortage of high-end apartments to some degree, providing a stabilizing factor for real estate prices.

“Some of these projects will be finalized by the end of 2014, and the surplus apartments can reduce rental prices in Yangon to some extent,” Ma May Htet Aung said.

The civilian government, which took over in 2011, made progress in pushing through other economic and political reforms in 2013, especially in its bid to attract foreign investment. A draft of the Condominium Law was published in November, and it still awaits approval from the parliament. If passed, the law could bring much-needed security to transactions in the real estate industry.

“It will result in a safer environment for foreigners who want to buy units, and it will resolve negotiation problems in transactions when [real estate companies] deal with foreign clients and sellers,” Ma May Htet Aung said, according to Mizzima.

Under the draft law, registering a unit in a condominium building with the government is compulsory, whereas previously, locals often used private documents as proof of ownership to avoid paying property taxes. In addition, the draft law allows foreigners to purchase units directly.

In terms of investment, many foreign investors in the real estate and building business have adopted the “wait-and-see” attitude to better assess political stability in the newly opened nation. Growth in the building industry will likely remain modest before the end of 2015, when elections will take place, but they will take off soon thereafter so long as political stability holds.

“We are forecasting real growth for the sector to average 10.8% per annum between 2016 and 2023, making it one of the fastest growing construction markets in Asia,” a report from Business Monitor International (BMI) said.

Big Grin
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Goldmine7777: Did you bought that 1 lot at $0.072 today? That unfriendly seller is from which house?

(27-08-2014, 12:47 PM)Goldmine7777 Wrote: Typo. Commission should write as 0.18% (not 1.8%) irrespective of trade value.
(27-08-2014, 12:37 PM)Goldmine7777 Wrote: For small investor like me I use Standard Chartered online trading. No minimum commission, I paid 1.8% of trade value so if 1 lot done at 7c commission is only few cents. OCBC also has this trading platform but shares are registered under Raffles nominnees with SCB. Special arrangement needed for 1 to attend AGM if required.
I find this platform useful for illiquid shares when 1 lot is sold down to buyer.
Reply
Hi Bestpice,
No. I was not on buy q yesterday. If ever i get some I will post here.

This 1 lot @7.2c shortly after 20 lot done @8.2c is probably sold down by some1 who is trying to accumulate more at 7.2c - by drawing out the weak holders.

Just few days back >200 lots sold down @ 7.3c and 7.4c - this 1 could be a genuine seller who was disappointed with its underperformance for past few yrs & lost patience.
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Investors can see that are some "invisible hand" that is always there to contain the share price within certain range for a greater clause. No doubt a few transactions might be genuine sell down from weak holders, but repeated selling from the same brokerage house when good news is released seems too much of a coincidence.

The 13 lots @ 10.3c have been queuing there almost everyday for the past year. What are they trying to do, setting a trigger alarm?

Big Grin
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Warhol Residences ~ Given the earlier blueprint, the project is currently at 15 storeys, 6 more storeys to go.

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Posted by ssphila/bbrp

Big Grin
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