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laksaman57 Supreme	11-Jun-2020 23:28        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	FY18/19 DPU 3.77cts FY19/20 DPU 4.30cts YoY DPU +14.1% chengwh1      ( Date: 11-Jun-2020 21:33) Posted: I looked back at some records of their dpu payouts and noticed the payouts have been dropping as the years went by. Is this a concern ? Goldfinger      ( Date: 11-Jun-2020 17:36) Posted: Also - I think they reduced dividends to conserve cash for some repairs to golf courses. Not sure if others got the same impression from the financial statements
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chengwh1 Elite	11-Jun-2020 21:33        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I looked back at some records of their dpu payouts and noticed the payouts have been dropping as the years went by. Is this a concern ? Goldfinger      ( Date: 11-Jun-2020 17:36) Posted: Also - I think they reduced dividends to conserve cash for some repairs to golf courses. Not sure if others got the same impression from the financial statements. Goldfinger      ( Date: 11-Jun-2020 17:35) Posted: Drop in dividend compared to last half year - 2019. Good thing is the acquisition is still on the table, and we do get dividends of 1.69cents by end-June. No need to wait for AGM to approve.
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Goldfinger Supreme	11-Jun-2020 17:36        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Also - I think they reduced dividends to conserve cash for some repairs to golf courses. Not sure if others got the same impression from the financial statements. Goldfinger      ( Date: 11-Jun-2020 17:35) Posted: Drop in dividend compared to last half year - 2019. Good thing is the acquisition is still on the table, and we do get dividends of 1.69cents by end-June. No need to wait for AGM to approve.
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Goldfinger Supreme	11-Jun-2020 17:35        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Drop in dividend compared to last half year - 2019. Good thing is the acquisition is still on the table, and we do get dividends of 1.69cents by end-June. No need to wait for AGM to approve.
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pkli899 Supreme	09-Jun-2020 11:51        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha, u have a point. Me too used to own huge holding of Croesus. Goldfinger      ( Date: 09-Jun-2020 11:47) Posted: One upon a time, we had a lot of shares in Croesus Retail Trust - then it got gobbled up by a Big Fund. Kind regret.  So, don' t think I am all that keen to give up Accordia, since the golf lands are mainly Freehold assets too.  Let this be left alone, and continue to give good dividends for the longest time.
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Goldfinger Supreme	09-Jun-2020 11:47        Goldfinger About Contact  Quote this Post!
x 0   x 1  Alert Admin	One upon a time, we had a lot of shares in Croesus Retail Trust - then it got gobbled up by a Big Fund. Kind regret.  So, don' t think I am all that keen to give up Accordia, since the golf lands are mainly Freehold assets too.  Let this be left alone, and continue to give good dividends for the longest time.
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pkli899 Supreme	09-Jun-2020 11:42        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	They postponed the results date to 11 June, which is just 2 days away. We may hear some news about the offer. If not, at least about the valuation of the golf courses. Still not much action, why? Please remember previous qtr dividend was stated as 2.2c. So, will we see combined DPU of 3 - 4 c? Looking forward...   Starship      ( Date: 02-May-2020 17:42) Posted: Seems AGT tend to report FY results on 28 May. Will it include the final details/pricing of the buyout as well?
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Starship Supreme	04-Jun-2020 14:42        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Who are the Evil Sellers today?
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laksaman57 Supreme	03-May-2020 16:32        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	VOTE NO KEEP AGT FOR PERPETUAL DIVIDENDS PAYOUT AGT proved to be super resilience against crisis
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laksaman57 Supreme	03-May-2020 13:27        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	With this covid-19 virus crisis, except for golf business, the profit margin, of most business of Japan economy, is  going to fall.  So that' s another good reason for AGT to command a huge premium to nav.  laksaman57      ( Date: 03-May-2020 13:10) Posted: https://www.boj.or.jp/en/statistics/dl/depo/tento/te200430.pdf With average interest rate in time deposit at a super low  of 0.009%, Accordia Golf Trust is a great investment buyout for any buyer. It definitely deserve a HUGE premium  to NAV. Vote No for anything less !
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laksaman57 Supreme	03-May-2020 13:10        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.boj.or.jp/en/statistics/dl/depo/tento/te200430.pdf With average interest rate in time deposit at a super low  of 0.009%, Accordia Golf Trust is a great investment buyout for any buyer. It definitely deserve a HUGE premium  to NAV. Vote No for anything less !
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laksaman57 Supreme	02-May-2020 23:48        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	A good dpu would drive up the valuation of the golf courses. Covid-19 has drived up the number of players, contrary to what the buyer may have hoped for. A sooner rather than later  offer would be in the interest of the buyer.
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Starship Supreme	02-May-2020 17:42        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seems AGT tend to report FY results on 28 May. Will it include the final details/pricing of the buyout as well?
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Starship Supreme	21-Apr-2020 09:24        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Get SGX Regco and Police to investigate if they try to play punk.  laksaman57      ( Date: 21-Apr-2020 00:00) Posted: With 4Q number of players being +5.2% higher YOY & +11% above the 3-yr avg, 4Q DPU can' t be negative. Consequently,  2H dividend payout should be more than 2.22cts liao.
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pkli899 Supreme	21-Apr-2020 09:07        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, we bear in mind. See whether they play punk. laksaman57      ( Date: 21-Apr-2020 00:00) Posted: With 4Q number of players being +5.2% higher YOY & +11% above the 3-yr avg, 4Q DPU can' t be negative. Consequently,  2H dividend payout should be more than 2.22cts liao.
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laksaman57 Supreme	21-Apr-2020 00:00        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	With 4Q number of players being +5.2% higher YOY & +11% above the 3-yr avg, 4Q DPU can' t be negative. Consequently,  2H dividend payout should be more than 2.22cts liao.
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laksaman57 Supreme	20-Apr-2020 18:17        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	3Q number of players was 1,483,293, DPU was recorded as 2.22cts 4Q number of players is 1,287,742, DPU would be ? laksaman57      ( Date: 13-Feb-2020 23:36) Posted: 3Q FY19/20 DPU 2.22 cts  pkli899      ( Date: 13-Feb-2020 19:51) Posted: Results out. Nothing about offer. DPU of 2.22 cents (page 11 of report).  But not getting, as it' s non paying quarter. Will keep it in mind. Make sure the actual DPU (add next quarter' s) do add up!
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laksaman57 Supreme	20-Apr-2020 12:04        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Covid-19 crisis is the gold standard test for any real estate investment. The stable/rising monthly number  of players at AGT golf courses, from Jan-Mar, clearly exceed expectation,  .  Even in Singapore, its boom time for golf courses ...https://www.straitstimes.com/sport/golf/coronavirus-boon-time-for-golf-in-singapore-with-courses-full-spending-time-outdoors-seen pkli899      ( Date: 20-Apr-2020 11:47) Posted: Hopefully so. laksaman57      ( Date: 20-Apr-2020 11:39) Posted: Since the NAV has  been shown to be very conservative,  by comparing  with the latest sale of Village Higashi Karuizawa Golf Club, the buyer may realise it' s extremely cheaper to takeover the trust instead of  buying all the golf courses. Morever the Covid-19 crisis has validated the resilience of golf  courses as a VERY STABLE real estate investment.    Then a premium of  20%-30% above NAV is not inconcievable. " Divestment of Village Higashi Karuizawa Golf Club Located at 1417 Matsuida-machi Sakamoto, Annaka City, Gunma Prefecture, Japan, the Golf Course opened in 1978 and houses an 18-hole golf course ... the income capitalisation approach (which applies the direct capitalisation method and the discounted cash flow method), is JPY 27,500,000 ...The consideration of the Divestment is JPY 200,000,000  "
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pkli899 Supreme	20-Apr-2020 11:47        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hopefully so. laksaman57      ( Date: 20-Apr-2020 11:39) Posted: Since the NAV has  been shown to be very conservative,  by comparing  with the latest sale of Village Higashi Karuizawa Golf Club, the buyer may realise it' s extremely cheaper to takeover the trust instead of  buying all the golf courses. Morever the Covid-19 crisis has validated the resilience of golf  courses as a VERY STABLE real estate investment.    Then a premium of  20%-30% above NAV is not inconcievable. " Divestment of Village Higashi Karuizawa Golf Club Located at 1417 Matsuida-machi Sakamoto, Annaka City, Gunma Prefecture, Japan, the Golf Course opened in 1978 and houses an 18-hole golf course ... the income capitalisation approach (which applies the direct capitalisation method and the discounted cash flow method), is JPY 27,500,000 ...The consideration of the Divestment is JPY 200,000,000  " pkli899      ( Date: 20-Apr-2020 10:53) Posted: Hopefully by June (as mentioned by them) we hear positive news on the offer
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laksaman57 Supreme	20-Apr-2020 11:39        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Since the NAV has  been shown to be very conservative,  by comparing  with the latest sale of Village Higashi Karuizawa Golf Club, the buyer may realise it' s extremely cheaper to takeover the trust instead of  buying all the golf courses. Morever the Covid-19 crisis has validated the resilience of golf  courses as a VERY STABLE real estate investment.    Then a premium of  20%-30% above NAV is not inconcievable. " Divestment of Village Higashi Karuizawa Golf Club Located at 1417 Matsuida-machi Sakamoto, Annaka City, Gunma Prefecture, Japan, the Golf Course opened in 1978 and houses an 18-hole golf course ... the income capitalisation approach (which applies the direct capitalisation method and the discounted cash flow method), is JPY 27,500,000 ...The consideration of the Divestment is JPY 200,000,000  " pkli899      ( Date: 20-Apr-2020 10:53) Posted: Hopefully by June (as mentioned by them) we hear positive news on the offer. laksaman57      ( Date: 19-Apr-2020 12:39) Posted: Golf is the best social distancing friendly sport
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