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Fortune Reit (HK)
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freeme
Elite |
25-Sep-2009 12:32
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U -turn liao.. Rights may recover to above 30cts ba.. |
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Huhushares
Member |
25-Sep-2009 12:02
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if i play short sell? what is de benefit for shorting? for shorting is it end of de days u must buy back de stock | ||
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soularis
Member |
25-Sep-2009 10:36
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lucky you :) | ||
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axlaxlaxl
Member |
25-Sep-2009 10:33
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bot 12 lots yesterday at 0.135....not sure if should proceed to sell or exercise the rights to buy. any advices? |
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Huhushares
Member |
25-Sep-2009 10:09
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: ) i bought 0.18 and 0.22 | ||
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soularis
Member |
25-Sep-2009 10:08
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wow lucky, i have not shorted the counter yet.... | ||
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soularis
Member |
25-Sep-2009 08:29
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anyone shorting this share today? Could you share your sentiments as i am considering shorting it today. | ||
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soularis
Member |
25-Sep-2009 08:26
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samuel, to elaborate, this counter has a problem with liquidity; meaning that very few people trade this counter. if you compare this reit to Suntec Reit or Fraser Commercial Trust, it is illiquid. Those liquid counters, there is alot more interest in the share and hence if people need to sell their shares, it is easier and doesn't affect the share price so much as there is always a buyer. For illiquid counters, selling generates significant downward pressure on the price as can be seen from the recent price movement on this counter. | ||
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samuel_ng
Member |
24-Sep-2009 21:19
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Can you explain in greater detail what you mean by liquidity issue?
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soularis
Member |
24-Sep-2009 18:06
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just look at the TERP, which is 3.20. The share price is trading way below the theoretical ex-rights price and i suspect it is largely becos of the liquidity issue. | ||
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soularis
Member |
24-Sep-2009 18:04
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actually if you look at the usual trading volume of this counter, it is usually very low compared to the other REITs counters. It is one of the least traded of all the REITs counters. Hence when the fund managers needed to sell their shares to pay for the rights issue, the share price fell like a stone. | ||
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freeme
Elite |
24-Sep-2009 18:00
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I feel it is fairly liquid.. unless u trade by 1000s lots at any given time then maybe it is alittle illiquid
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soularis
Member |
24-Sep-2009 17:48
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samuel.... this counter is not good because it is not liquid.... so if you need money urgently.... difficult to sell. but on the flip side, if any big boys wanna ramp up the share price.... think it is easily done.... but the yield is great | ||
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freeme
Elite |
24-Sep-2009 17:26
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close 2.50.. nt bad la.. hope by end of Rights trading it can be ard $2.60 Yes NAV 4.60 HKD
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nickyng
Supreme |
24-Sep-2009 17:24
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wow...WAT a DAY !! :D | ||
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raymondho
Senior |
24-Sep-2009 17:13
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Mother shares ended 2.48 the 30 min chart showed the u-turn, I think this time is really bottom, tml may be a good time to go fishing. Hi! Freeme, you said her NAV is 4.60? |
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freeme
Elite |
24-Sep-2009 17:01
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Yeah.. U-turn abit..
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freeme
Elite |
24-Sep-2009 15:14
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rights i queue lower
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samuel_ng
Member |
24-Sep-2009 15:08
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Does someone know what is so terrible about this reit compared to other reits and property stocks such that it is underperforming by such a large margin for so many years since its listing? | ||
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marjos
Member |
24-Sep-2009 15:06
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tot u wana go for the rights? | ||
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