Portfolio breakdown at year end: Cash – 36% Stocks – 50% Fixed Income – 14% Cash holding has doubled to 36% from mid year (18%) due to bond redemptions during 2H17 (Genting and Olam perps) and capital realisation from the buyout of Croesus Retail Trust. All things remaining equal, this means a material reduction in … More 2017 Full Year Income
Another capital raising exercise, this time from AIMS AMP one of my long time holding counter. The exercise raised proceeds of about $55m through placement of 42,145,000 new units at an issue price of $1.305 each. Proceeds will be used to reduce aggregate leverage and create additional debt headroom. Gearing will reduce slightly from 37.3% … More Private Placement – AIMS AMP Capital Industrial Reit
As REITs pay out almost all income, financing and capital requirements are often met by measures such as new borrowings, rights or bond issues, and private placements. Cache Logistics Trust has announced a rights issue exercise to raise $102.7m by issuing 162.6 million new units. 18 new units will be offered for every 100 existing … More Rights Issue – Cache Logistics Trust
Income received for the first six months of 2017 (exclusive of interest income) stands at $50,165. Portfolio breakdown: Cash – 18%, Stocks – 50%, Fixed income – 32%. Increase in cash and drop in fixed income allocation is due to bond redemption. Another bond tranche is slated for redemption in 2H17 and will further increase … More 1H2017 Income
Private equity firm Blackstone has made a cash offer to privatise CRT at S$1.17 per unit in an “all-or-nothing” deal called a scheme of arrangement. More than 50 per cent of voting unit holders representing at least 75 per cent in value of the total voting units is needed for the buyout to go through … More Blackstone makes bid for Croesus Retail Trust
From here Olam is seeking to repurchase the majority of its 7% SGD perpetuals in March 2017; the company has also signalled its intention to call the remainder of the notes in September 2017. February 8, 2017 What’s happening? In an exchange filing this morning, Olam International has announced its intention to repurchase up to … More Olam International: End of the Road for the 7% Perpetuals
After monitoring this counter for some time, I took a small position today. APTT is a business trust focused on pay-television businesses. Specifically the Taiwan Broadband Communications Group (TBC), the third largest cable-TV operator in Taiwan. The trust IPOed in 2013 at a price of 97c. Distribution policy being 100% of Distributable Free Cash Flows … More Asian Pay Television Trust – A toe dip
Passive income for 2016 increased by about $10k from previous year to $79,201.52. Portfolio breakdown: Cash – 12%, Stocks – 40%, Fixed income – 48%. This is due to paring down of cash position and reallocating into stocks and fixed income (Hyflux perpetuals). The reason behind is upcoming maturity of two bond holdings in 1Q2017. … More 2016 full year income
Sabana REIT announced over the weekend three new property acquisitions followed by a Rights Issue exercise to fund the purchases. The REIT will issue 42 rights for every 100 existing shares. The issue price of each new share is $0.258 which represents a 49% discount to the closing price of $0.505 on 19 Dec. The … More Sabana REIT – Divestment at a loss
Back in 2012 I applied (via retail IPO) and got some Genting Perpetual shares. The coupon rate is 5.125% payable semi-annually and I have been holding them since. As perpetuals, its issuer has no obligation to ever redeem them. However issuers do redeem their perps from time to time, and they can do so on … More Gentings 5.125% Perpetuals, Starhub – Reallocation
A reluctant investor from S'pore 