Prime US ReitUSD    Last:0.16   -

Prime US Reit SGX debut 19 JUL 2019

Must ddi its valuation semi-annually.  Prime is only annually?

 

if thats the case, all hell break loose for prime

maybe afterall the 52 wk low of 87/88 is acheivable.

pls dyodd, just my pov.

 

 

highly unlikely they can continue to distribute dividends when MUST and KORE cannot.

 

A trap? A bargain? Hmmm This will shoot back up if they keep the distribution

 

MUST restructured. KORE just announced dividends suspension till 2026 to preserve cash. PRIME likely somewhere in between.

Sgvale      ( Date: 15-Feb-2024 09:14) Posted: What happened?

 

will this go to oct 23rd, 52 wk low of 8.8 cts?

the chart direction appears to be pointing in tt direction.

 

 

What happened?

 

With KORE halting distribution.. dont think prime will be much better.. fingers crossed..

For now will not take further position until clearer picture.. will just hold my current small position

 

KORE GGed but compared to MUST already better. Just suspend distribution until 2026. :(.. likely similar or worse for PRIME :(

 

Will buy some when < 10c again for a short punt.
 

 

When is the dividend payout?

 

Yup.. no hurry if its for long term.. or even wait for results 1st to get a clearer direction

Fallingman      ( Date: 14-Feb-2024 11:08) Posted: Interested, but I think will wait out abit more. There maybe a better entry price point. freeme      ( Date: 14-Feb-2024 09:40) Posted: Last mentioned a higher margin of safety is at 0.15.. which hits today. Those whom are interested to take a position can consider at this price point..  My position: 1st entry - 0.2 2nd entry - soo

 

Interested, but I think will wait out abit more. There maybe a better entry price point.

freeme      ( Date: 14-Feb-2024 09:40) Posted: Last mentioned a higher margin of safety is at 0.15.. which hits today. Those whom are interested to take a position can consider at this price point..  My position: 1st entry - 0.2 2nd entry - soon freeme      ( Date: 17-Jan-2024 14:16) Posted: I' m back.. initiated my 1st entry.. at 0.2

 

Last mentioned a higher margin of safety is at 0.15.. which hits today. Those whom are interested to take a position can consider at this price point.. 

My position:
1st entry - 0.2
2nd entry - soon

freeme      ( Date: 17-Jan-2024 14:16) Posted: I' m back.. initiated my 1st entry.. at 0.20 freeme      ( Date: 05-Jan-2024 15:03) Posted: taking into account for MUST 2023 drop in valuation, 16% + 8% = 24%. If Prime also drop with the small percentage for full year 2023, its gearing will go pass 50%.. not that good.. Need more margin for safety before we entering.. a good price for entry if available would be below 15cts in my opinion.

 

start of recession > unemployment increase > employer demands 4 day work week > offices start getting occupied > > > office shortage as nothing has been built for since covid

 

See whether PRIME is able to refinance its debt due to this year.
...
With the Federal Reserve signalling that it is done hiking interest rates, it is likely more deals will get done in 2024, according to Mr Jamie Woodwell, head of commercial real estate research at the bankers group.

&ldquo Volatility and uncertainty around interest rates, a lack of clarity on property values and questions about some property fundamentals have suppressed sales and financing transactions,&rdquo Mr Woodwell said on Feb 12.

&ldquo This year&rsquo s maturities, coupled with greater clarity in those and other areas, should begin to break the logjam in the markets.&rdquo

src:  https://www.straitstimes.com/business/commercial-property-loans-coming-due-in-us-jump-to-125-trillion

 

Yup, i think asset valuation may drop by abt 6 to 8% which wont break any loan convenant ( similar to KORE devaluation ) but this wld be stable for 2024 , mainly becos the US FED is done raising rates. They prob hold rates stable or drop slightly. Dividend should b around 2ct half yrly. Which would be 4ct a yr. Anyeay , Happy New Year everyone ! Huat ah !

marketuncle      ( Date: 07-Feb-2024 15:26) Posted: Not point speculating until results are out, likely just before 60-day deadline, 29 feb. I' ll be happy if they can continue to pay dividends w/o breaching loan covenants

 

Not point speculating until results are out, likely just before 60-day deadline, 29 feb. I' ll be happy if they can continue to pay dividends w/o breaching loan covenants

 

I have the same feeling on no updates. Currently, bracing for impact. 
But you are right. It is going to be CNY. We should explore 50% glass full rather than 50% glass empty. 
Maybe maybe maybe, when KORE and Prime both delay coincidently, could it be merging talks in progress ? 
 

RaoRao      ( Date: 07-Feb-2024 11:21) Posted: haha, everytime I am feeling down about Prime. Ill feel abit better when i see your post. Any thoughts on why theres no updates from Prime about their financial reporting though? This isnt very comforting franking speaking.  delsolvtec      ( Date: 07-Feb-2024 09:35) Posted: BBs whacked e price down enough le.... time to load up for that Massive 30% yield. Keppel will help pull strings to reduce the lerverage and to help w refinancing at good rates. March 2.4ct divvy , lets go.

 

haha, everytime I am feeling down about Prime. Ill feel abit better when i see your post. Any thoughts on why theres no updates from Prime about their financial reporting though? This isnt very comforting franking speaking. 

delsolvtec      ( Date: 07-Feb-2024 09:35) Posted: BBs whacked e price down enough le.... time to load up for that Massive 30% yield. Keppel will help pull strings to reduce the lerverage and to help w refinancing at good rates. March 2.4ct divvy , lets go.