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You are deluding yourself ... tons of sellers que'ing from 129 to 141. Someone once said dont trade the same stock everyday. Or else you will lose all your profits ... you probably got carried away with your BIG profits from PRIME in the last 1 week. Anyway, good luck.
piscesmonkey ( Date: 23-Feb-2024 13:18) Posted:
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Got buyer coming
Today alot people cutloss? Must be alot contra. No holding power😅
piscesmonkey ( Date: 23-Feb-2024 10:22) Posted:
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Bought 130. 100lots. 🤑 🤑 🤑
Retracement complete soon.. time for next uptrend
Yes, you will. Just go submit the w8 form
a4andrew ( Date: 23-Feb-2024 09:23) Posted:
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Called up Prime regarding tax witholding. They said you can send the W8BEN form (https://investor.primeusreit.com/taxation.html) via email or wait for their letter to exempt the 30% tax.
Does anyone know is one will be tax 30% if the stocks are bought from platform like Moomoo ?
Does anyone know is one will be tax 30% if the stocks are bought from platform like Moomoo ?
Anyone attended the post-result analysts briefing ?
I have both... KORE used to fair much better than PRIME in terms of biz performance. But this time flipped. Anyway, not hopping for much until 2026. Hopefully by then, things will be better.
Glad I chose PRIME over KORE.
I admit it was a gamble
I admit it was a gamble
Not really, need to be fair. KORE' s loans are all unsecured. If they default, banks can force their liquidation. PRIME' s loans are partially secured, if they default, banks can end up depreciating office ppties. So between PRIME and KORE, the former is in a better position to negotiate.
manulife set the bar so low that it was a free pass for kore mgt to do anything they want and still look good. thats until prime came along, and why prime will be the only winner when this whole saga ends.
there is only 1 way to analyse a reit for me. that' s dcf. a reit isn' t a company. it isn' t build to be waiting around for its asset to appreciate. its a asset for rental income. a reit without dividends is worthless. a reit manager who can' t overlevers and can' t deliver dividends and still gets paid for managing an asset is a liability (to me).
there is only 1 way to analyse a reit for me. that' s dcf. a reit isn' t a company. it isn' t build to be waiting around for its asset to appreciate. its a asset for rental income. a reit without dividends is worthless. a reit manager who can' t overlevers and can' t deliver dividends and still gets paid for managing an asset is a liability (to me).
delsolvtec ( Date: 22-Feb-2024 13:56) Posted:
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PRIME mgt is confident they can refinance the debt due in July. When they do so, it can go much higher. Same for KORE. They are trying to bring leverage down substantially below 45% in order to have better negotiation positon.
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PRIME: " The Group is in the process of negotiating with its lenders in relation to the refinancing of the
loans. The process will require time to complete and may extend beyond the date of the
audited financial statements before a firm refinancing commitment from the lender is
obtained.
Notwithstanding the above, the financial statements have been prepared on a going concern
basis as the Group believes that the refinancing of the loan facilities will be completed ahead
of its maturity in July 2024 and hence, the Group is expected to continue meet its financial
obligations as and when they fall due in the next twelve months."
...
PRIME: " The Group is in the process of negotiating with its lenders in relation to the refinancing of the
loans. The process will require time to complete and may extend beyond the date of the
audited financial statements before a firm refinancing commitment from the lender is
obtained.
Notwithstanding the above, the financial statements have been prepared on a going concern
basis as the Group believes that the refinancing of the loan facilities will be completed ahead
of its maturity in July 2024 and hence, the Group is expected to continue meet its financial
obligations as and when they fall due in the next twelve months."
spanky ( Date: 22-Feb-2024 14:37) Posted:
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The average of PRIME properties are 12 years yoinger than both KORE and ManuLife' s. So they have less capital expenditure than the other 2 REITs. In the event of a rebound in the industry, PRIME should be the first to rebound followed by KORE
Confirm 20 cents after they announce the CD & CB date.
piscesmonkey ( Date: 22-Feb-2024 09:23) Posted:
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Going back above 140.. come come shortist
Looking to add below 12 but I think unlikely to happen.
delsolvtec ( Date: 22-Feb-2024 11:06) Posted:
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Kinda agree with you on kore management.
pirateboy ( Date: 22-Feb-2024 13:45) Posted:
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F grade for kore mgt alarmist can' t-do attitude. look at prime. of course they will still get paid for the next 2 years right.
delsolvtec ( Date: 22-Feb-2024 09:32) Posted:
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Should have another run with the help of shortlist. Close back up towards 160?