Below shows the yield based on the rights offer price of $0.919.
Based on the past few years' results, I hope the yield can still remain above 8%. My 2017 forecast did not take into account of the Rights Issue so it is likely to be lower now.
Now, let's take a look at who's been buying Ascott Reit in recent months.
Temasek bought 2.1M shares at $1.1458 last Oct. My previous purchase price was $1.07. Yeah!
Directors accepting their rights? Hmm...odd lots?
My final verdict was to accept my fate and BUY! And also apply for access units. :)
At a purchase price of $0.919, the PB Ratio would work out to be 0.74 based on the post acquisition NAV of 1.24. Today's closing price is $1.08. I am buying at a discount and locking in a decent dividend yield. :)
Ascott Commercial. After buying can be happy like the Ang Mo?
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