Although the interest rates has started to rise last month, It is still low and suitable for the anticipated listing of TA Reit in this year. After this year, the environment especially the higher interest rates will make the REIT listing less feasible.
TAGB should set up REIT with 2 or 3 well performed and fully valued hotels first. Other hotels can be injected when they have performed well. This is the best way to create values for the shareholders and it will free up capital for TAGB to further develop more hotels. Going forward, TAGB will develop 3 hotels in Malaysia. One each in Bukit Bintang, KLCC and Damansara Avenue.
singh1., don't be so pessimistic. if tagb annouce good quarter result by end of this month with better dividend yield compare to last year ,price will be better.
hopetobecorrect I hope you are correct. Dividend though most likely will announce in April, as for now just hoping for good quarter. Going by experience as I have been following this counter since 2010, if Tony don't support and market is undergoing a selloff for whatever reason, this counter will just simply go down. Twice before already sink to 22 sen. But good thing is it recovers. So it is usually a good buying opportunity.
singh1., when tony tiah stop buying, we buy and keep. when tony buy we sell some to lower our average price. tony always buy at high price. i had bought at 0.34 for the past few days except yestrday
What do you think of TA ? as it gives you exposure to TAGB indirectly and at a very good price. Much lower p/e and a huge discount to NTA. With 60% share in TAGB, every TA share carries 1.8 TAGB shares. 1.8 * 34 sen = 61 sen
i prefer direct exposure to tagb due to their stable and strong recurring income form rental and hotel operations. hopefully this can contribute 100m profit soon
The Board of Directors of TAG wishes to announce that Bursa Securities, vide its letter dated 14 February 2018, granted the Company an extension of time of six (6) months until 28 June 2018 to comply with the public shareholding spread requirement.
The Board of Directors of TAG wishes to announce that Bursa Securities, vide its letter dated 14 February 2018, granted the Company an extension of time of six (6) months until 28 June 2018 to comply with the public shareholding spread requirement.
1. at the moment ., i don't see the company has any other option except to keep on asking for extension. 2. no big funds are interested in tagb 3. ta enterprise will not be so generous to give out tagb shares to its shraeholders
hopetobecorrect, u mentioned 1 important point. Your No.2 comment, i am not clear whether TA is allow to give TAGB shares to TA shareholders under listing requirement in Malaysia. If yes, believe TA will consider it. Why it may happen? 1. TA can reserve thier cash and use TAGB shares a dividend payout. 2. Give back to TA shareholders instead of simply sell cheap price to public. 3. TAGB public shareholder spread requirement will increase.
Many possibilities. Look at Kretam had same issue with public spread, just sold part of company to Hap Seng, kaotim already. Everybody happy!! Formation of REIT also good possibility. TA give bonus shares also boleh.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
luckypunting
1,930 posts
Posted by luckypunting > 2018-01-30 20:40 | Report Abuse
Hope next few trading days will have some movement together with TA.