Back

Latest Forum Topics / Accordia Golf Tr

Post Reply

MM2 Asia [1B0.si] Post Reply Rate topic
laksaman57 Supreme	23-Nov-2019 14:50        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seem mgr started to change the financial report format since 2Q18 financial report by not reporting the 2Q dpu but instead lumped both 1Q & 2Q. 2017 financial report was very transparently quarterly result reporting. And payout simply the dpu declared in 1Q & 2Q financial reports. Very fishy. laksaman57      ( Date: 23-Nov-2019 14:00) Posted: Based on their financial report 1Q19, 1apr-to-30jun dpu reported 2.57cts 1H19, 1apr-to-30sep dpu reported 2.61cts So 2Q period 1jul-to-30sep only earned 0.04cts That's crazy ! Something very fishy ?
Useful To Me  Not Useful To Me
laksaman57 Supreme	23-Nov-2019 14:00        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Based on their financial report 1Q19, 1apr-to-30jun dpu reported 2.57cts 1H19, 1apr-to-30sep dpu reported 2.61cts So 2Q period 1jul-to-30sep only earned 0.04cts That's crazy ! Something very fishy ?
Useful To Me  Not Useful To Me
laksaman57 Supreme	23-Nov-2019 13:07        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The full exchange rate related sentence ➡ "The computation of SGD denominated DPU from 1 April 2019 to 30 June 2019 is for illustrative purpose only and the computation is based on JPY/SGD exchange rate of 79.80 as at 30 June 2019 (30 June 2018: 81.22)." cmengchan      ( Date: 23-Nov-2019 12:10) Posted: The way i read the statement. "computation of SGD denominated DPU from 1 April 2019 to 30 June 2019 is for illustrative purpose only" The DPU is illustrative purpose, not the Yen SGD rate that is illustrative. laksaman57      ( Date: 23-Nov-2019 11:18) Posted: 'Illustrative..." refered to jpy-to-sgd conversion bcos rate can fluctuate but in jpy term dpu is fixed. So, what happened to 1Q19 dpu JPY2.05
Useful To Me  Not Useful To Me
TANPK123 Elite	23-Nov-2019 12:41        TANPK123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good to whack in
Useful To Me  Not Useful To Me
cmengchan Senior	23-Nov-2019 12:10        cmengchan About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	The way i read the statement. "computation of SGD denominated DPU from 1 April 2019 to 30 June 2019 is for illustrative purpose only" The DPU is illustrative purpose, not the Yen SGD rate that is illustrative. laksaman57      ( Date: 23-Nov-2019 11:18) Posted: 'Illustrative..." refered to jpy-to-sgd conversion bcos rate can fluctuate but in jpy term dpu is fixed. So, what happened to 1Q19 dpu JPY2.05 ? cmengchan      ( Date: 22-Nov-2019 21:59) Posted: For Q1, 2.57 Singapore Cents is three months period. Also stated  in the Q1 financial result announcement " The computation of SGD denominated DPU from 1 April 2019 to 30 June 2019 is for illustrative purpose  only and the computation is based on JPY/SGD exchange rate of 79.80 as at 30 June 2019 (30 June  2018: 81.22)." This is not official DPU number. For 1H (Q1 + Q2), 2.61 Singapore Cents offically number for six months duration. From 1 April 2019 to 30 September 2019. Trustee-Manager will distribute at least 90.0% of AGT&rsquo s distributable income, with the actual level of distribution to be determined at the Trustee-Manager board&rsquo s discretion, having regard to funding requirements, other capital management considerations and ensuring the overall stability of distributions. I believe some costs or expenses does not occur nicely in three months.  There are also AEI on-going that requires funding. If there dividend is going to be 5 cents semi-annual, or close to 10 cents a year, then their yield will be 16% based on current $0.60 unit price.  Thats too good to be true.
Useful To Me  Not Useful To Me
laksaman57 Supreme	23-Nov-2019 11:18        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	'Illustrative..." refered to jpy-to-sgd conversion bcos rate can fluctuate but in jpy term dpu is fixed. So, what happened to 1Q19 dpu JPY2.05 ? cmengchan      ( Date: 22-Nov-2019 21:59) Posted: For Q1, 2.57 Singapore Cents is three months period. Also stated  in the Q1 financial result announcement " The computation of SGD denominated DPU from 1 April 2019 to 30 June 2019 is for illustrative purpose  only and the computation is based on JPY/SGD exchange rate of 79.80 as at 30 June 2019 (30 June  2018: 81.22)." This is not official DPU number. For 1H (Q1 + Q2), 2.61 Singapore Cents offically number for six months duration. From 1 April 2019 to 30 September 2019. Trustee-Manager will distribute at least 90.0% of AGT&rsquo s distributable income, with the actual level of distribution to be determined at the Trustee-Manager board&rsquo s discretion, having regard to funding requirements, other capital management considerations and ensuring the overall stability of distributions. I believe some costs or expenses does not occur nicely in three months.  There are also AEI on-going that requires funding. If there dividend is going to be 5 cents semi-annual, or close to 10 cents a year, then their yield will be 16% based on current $0.60 unit price.  Thats too good to be true.   laksaman57      ( Date: 22-Nov-2019 14:00) Posted: 1H19 should be 1Q + 2Q dpu, which is 5.18ct
Useful To Me  Not Useful To Me
laksaman57 Supreme	23-Nov-2019 00:47        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	3Q18 for period Oct-dec18 was 1.91cts 4Q18 for period Jan-Mar19 was 0.22cts YET 2H18 paid 1.91+0.22 = 2.13cts cmengchan      ( Date: 22-Nov-2019 21:59) Posted: For Q1, 2.57 Singapore Cents is three months period. Also stated  in the Q1 financial result announcement " The computation of SGD denominated DPU from 1 April 2019 to 30 June 2019 is for illustrative purpose  only and the computation is based on JPY/SGD exchange rate of 79.80 as at 30 June 2019 (30 June  2018: 81.22)." This is not official DPU number. For 1H (Q1 + Q2), 2.61 Singapore Cents offically number for six months duration. From 1 April 2019 to 30 September 2019. Trustee-Manager will distribute at least 90.0% of AGT&rsquo s distributable income, with the actual level of distribution to be determined at the Trustee-Manager board&rsquo s discretion, having regard to funding requirements, other capital management considerations and ensuring the overall stability of distributions. I believe some costs or expenses does not occur nicely in three months.  There are also AEI on-going that requires funding. If there dividend is going to be 5 cents semi-annual, or close to 10 cents a year, then their yield will be 16% based on current $0.60 unit price.  Thats too good to be true.   laksaman57      ( Date: 22-Nov-2019 14:00) Posted: 1H19 should be 1Q + 2Q dpu, which is 5.18ct
Useful To Me  Not Useful To Me
TANPK123 Elite	22-Nov-2019 23:23        TANPK123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hopefully next year wil be better...
Useful To Me  Not Useful To Me
cmengchan Senior	22-Nov-2019 21:59        cmengchan About Contact  Quote this Post! Style: Flexible   Mood:
x 1   x 0  Alert Admin	For Q1, 2.57 Singapore Cents is three months period. Also stated  in the Q1 financial result announcement " The computation of SGD denominated DPU from 1 April 2019 to 30 June 2019 is for illustrative purpose  only and the computation is based on JPY/SGD exchange rate of 79.80 as at 30 June 2019 (30 June  2018: 81.22)." This is not official DPU number. For 1H (Q1 + Q2), 2.61 Singapore Cents offically number for six months duration. From 1 April 2019 to 30 September 2019. Trustee-Manager will distribute at least 90.0% of AGT&rsquo s distributable income, with the actual level of distribution to be determined at the Trustee-Manager board&rsquo s discretion, having regard to funding requirements, other capital management considerations and ensuring the overall stability of distributions. I believe some costs or expenses does not occur nicely in three months.  There are also AEI on-going that requires funding. If there dividend is going to be 5 cents semi-annual, or close to 10 cents a year, then their yield will be 16% based on current $0.60 unit price.  Thats too good to be true.   laksaman57      ( Date: 22-Nov-2019 14:00) Posted: 1H19 should be 1Q + 2Q dpu, which is 5.18cts cmengchan      ( Date: 22-Nov-2019 12:43) Posted: This Biz Trust pays semi annually, not quarterly
Useful To Me  Not Useful To Me
laksaman57 Supreme	22-Nov-2019 14:00        laksaman57 About Contact  Quote this Post!
x 0   x 1  Alert Admin	1H19 should be 1Q + 2Q dpu, which is 5.18cts cmengchan      ( Date: 22-Nov-2019 12:43) Posted: This Biz Trust pays semi annually, not quarterly. laksaman57      ( Date: 22-Nov-2019 12:34) Posted: Why dpu 2.57cts for 1Q19 mar-jun NOT PAID out
Useful To Me  Not Useful To Me
cmengchan Senior	22-Nov-2019 12:43        cmengchan About Contact  Quote this Post! Style: Flexible   Mood:
x 1   x 0  Alert Admin	This Biz Trust pays semi annually, not quarterly. laksaman57      ( Date: 22-Nov-2019 12:34) Posted: Why dpu 2.57cts for 1Q19 mar-jun NOT PAID out ? laksaman57      ( Date: 14-Nov-2019 15:29) Posted: You' re right. Declared dpu (see financial report) for 3Q18 for period Oct-dec18 was 1.91cts 4Q18 for period Jan-Mar19 was 0.22cts 2H18 paid 1.91+0.22 = 2.13cts 1Q19 for period Mar-Jun was 2.57cts 2Q19 for period Jul-Sept was 2.61cts\ 1H19 should pay 2.57+2.61 = 5.18cts
Useful To Me  Not Useful To Me
laksaman57 Supreme	22-Nov-2019 12:34        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why dpu 2.57cts for 1Q19 mar-jun NOT PAID out ? laksaman57      ( Date: 14-Nov-2019 15:29) Posted: You' re right. Declared dpu (see financial report) for 3Q18 for period Oct-dec18 was 1.91cts 4Q18 for period Jan-Mar19 was 0.22cts 2H18 paid 1.91+0.22 = 2.13cts 1Q19 for period Mar-Jun was 2.57cts 2Q19 for period Jul-Sept was 2.61cts\ 1H19 should pay 2.57+2.61 = 5.18cts   pkli899      ( Date: 14-Nov-2019 13:50) Posted: Possible answer. Thanks. But eating into previously declared DPU is something I cannot accept. E.g. 1) Aug 17 delcared 2 cents (non paying Q). Nov 17 (paying Q) no increase nevermind, dropped to 1.65 cents.         2) Aug 18 declared 1.86 cents. Nov 18 dropped to 1.64 cents.   As for this quarter, DPU is 2.61 cents. But  Aug 19 already declared 2.57 cents. So, means just concluded quarter DPU only 0.04 cents. Just doesn' t make sense to me. I maybe wrong, anyway
Useful To Me  Not Useful To Me
Goldfinger Supreme	14-Nov-2019 23:05        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Frankly - any freehold assets REIT - Accordia, Ascott, FLIT, Eagle, CDLHT etc is a keeper for me. Will pay DPU like forever?
Useful To Me  Not Useful To Me
TANPK123 Elite	14-Nov-2019 21:59        TANPK123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Well.... Good to on hold until IR start Goldfinger      ( Date: 14-Nov-2019 20:35) Posted: Remember once the 3 IR are built - there will be planeloads and ship loads of PRC gamblers and golfers streaming in with gold and Golf in their minds. And this is a freehold asset. TANPK123      ( Date: 14-Nov-2019 20:21) Posted: Tha ks for your view... I'm holding this counter for nearly a year. Hopefully next year can hit 700
Useful To Me  Not Useful To Me
Goldfinger Supreme	14-Nov-2019 20:35        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Remember once the 3 IR are built - there will be planeloads and ship loads of PRC gamblers and golfers streaming in with gold and Golf in their minds. And this is a freehold asset. TANPK123      ( Date: 14-Nov-2019 20:21) Posted: Tha ks for your view... I'm holding this counter for nearly a year. Hopefully next year can hit 700 Goldfinger      ( Date: 14-Nov-2019 14:24) Posted: Definitely - but not sure how many events will be held on their golf courses, if any.  I don' t think so. But, there will be a pick up in interest before and during the Olympic golf events, especially if any Japanese golfers win medals.
Useful To Me  Not Useful To Me
TANPK123 Elite	14-Nov-2019 20:21        TANPK123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tha ks for your view... I'm holding this counter for nearly a year. Hopefully next year can hit 700 Goldfinger      ( Date: 14-Nov-2019 14:24) Posted: Definitely - but not sure how many events will be held on their golf courses, if any.  I don' t think so. But, there will be a pick up in interest before and during the Olympic golf events, especially if any Japanese golfers win medals. TANPK123      ( Date: 14-Nov-2019 14:20) Posted: Hi. Will next year Olympic can benefit this counter?
Useful To Me  Not Useful To Me
laksaman57 Supreme	14-Nov-2019 16:30        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	That's the danger of half yrly dpu cash payout. What's declared in one qtr on paper may not be paid in the next qtr/ half yr result. Eagle HTrust investors should be cautious.
Useful To Me  Not Useful To Me
laksaman57 Supreme	14-Nov-2019 15:43        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SGX should ask for a clarification from Accordia mgr. laksaman57      ( Date: 14-Nov-2019 15:29) Posted: You' re right. Declared dpu (see financial report) for 3Q18 for period Oct-dec18 was 1.91cts 4Q18 for period Jan-Mar19 was 0.22cts 2H18 paid 1.91+0.22 = 2.13cts 1Q19 for period Mar-Jun was 2.57cts 2Q19 for period Jul-Sept was 2.61cts\ 1H19 should pay 2.57+2.61 = 5.18cts   pkli899      ( Date: 14-Nov-2019 13:50) Posted: Possible answer. Thanks. But eating into previously declared DPU is something I cannot accept. E.g. 1) Aug 17 delcared 2 cents (non paying Q). Nov 17 (paying Q) no increase nevermind, dropped to 1.65 cents.         2) Aug 18 declared 1.86 cents. Nov 18 dropped to 1.64 cents.   As for this quarter, DPU is 2.61 cents. But  Aug 19 already declared 2.57 cents. So, means just concluded quarter DPU only 0.04 cents. Just doesn' t make sense to me. I maybe wrong, anyway
Useful To Me  Not Useful To Me
laksaman57 Supreme	14-Nov-2019 15:29        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	You' re right. Declared dpu (see financial report) for 3Q18 for period Oct-dec18 was 1.91cts 4Q18 for period Jan-Mar19 was 0.22cts 2H18 paid 1.91+0.22 = 2.13cts 1Q19 for period Mar-Jun was 2.57cts 2Q19 for period Jul-Sept was 2.61cts\ 1H19 should pay 2.57+2.61 = 5.18cts   pkli899      ( Date: 14-Nov-2019 13:50) Posted: Possible answer. Thanks. But eating into previously declared DPU is something I cannot accept. E.g. 1) Aug 17 delcared 2 cents (non paying Q). Nov 17 (paying Q) no increase nevermind, dropped to 1.65 cents.         2) Aug 18 declared 1.86 cents. Nov 18 dropped to 1.64 cents.   As for this quarter, DPU is 2.61 cents. But  Aug 19 already declared 2.57 cents. So, means just concluded quarter DPU only 0.04 cents. Just doesn' t make sense to me. I maybe wrong, anyway. Goldfinger      ( Date: 14-Nov-2019 13:30) Posted: Maybe it could be due to things such as when Management fees are paid, rentals and bonuses are paid in Japan etc etc.   Anyway, just celebrate the higher DPU.  I hope this FREEHOLD trust can continue to feed us in our retirement for a long long long time, and also our NextGen should we choose to pass them down.
Useful To Me  Not Useful To Me
Goldfinger Supreme	14-Nov-2019 14:24        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Definitely - but not sure how many events will be held on their golf courses, if any.  I don' t think so. But, there will be a pick up in interest before and during the Olympic golf events, especially if any Japanese golfers win medals. TANPK123      ( Date: 14-Nov-2019 14:20) Posted: Hi. Will next year Olympic can benefit this counter?
Useful To Me  Not Useful To Me

                                                         First   < Newer   3641-3660 of 4766   Older>   Last