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1601-1620 of 1859
Not too long ago this was $0.20. Now every scrambling for shares to ride the uptrend
SmallSmall ( Date: 07-Nov-2023 15:09) Posted:
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Manulife Part 2
20cts is critical level for Prime.
Above that, each pip is 0.5cts movement
Above that, each pip is 0.5cts movement
if manulife hits 0.1, prime can go double at 0.2, while oak will go above 0.3. Relativity =)
More to run to 0.20
Nice run up today. Looking forward to a sustained run this week.
yes, though 3 separate REITs, the one to watch is MUST... can survive till 2025 is already miracle and the rest will follow.
Casilb ( Date: 06-Nov-2023 12:44) Posted:
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here so quiet all went to manu hahhhaha anyways reports tmr
Chapter 11 soon ?
Sound like a plan. Never say never if there is synergy between both.
Vested in Prime for a short term punt. Whether to hold for long term will depend on the US office market?
Hopefully DPU % returns can sustain my patience till then.
Vested in Prime for a short term punt. Whether to hold for long term will depend on the US office market?
Hopefully DPU % returns can sustain my patience till then.
graham73 ( Date: 27-Oct-2023 16:44) Posted:
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Only way to survive, is to merge Prime with KORE, fortify balance sheets.
https://www.kepcorp.com/en/file/investors/annual-general-meeting/2021/egm/gcat-minutes-of-egm-9-december-2021.pdf
https://www.kepcorp.com/en/file/investors/annual-general-meeting/2021/egm/gcat-minutes-of-egm-9-december-2021.pdf
0.087 liao lol
yah, at this juncture, forget about strategy for growth... anyone that can survive till 2025 is good enough.
MarketUncle - interesting that the KORE deck show business comparison among KORE-MUST-Prime in slides 18-21
https://www.koreusreit.com/file/downloads/2023/decoding-kore-s-strategy-to-navigate-the-volatile-us-market-19-oct-2023.pdf
https://www.koreusreit.com/file/downloads/2023/decoding-kore-s-strategy-to-navigate-the-volatile-us-market-19-oct-2023.pdf
forget to attach link
https://www.koreusreit.com/file/downloads/2023/decoding-kore-s-strategy-to-navigate-the-volatile-us-market-19-oct-2023.pdf
https://www.koreusreit.com/file/downloads/2023/decoding-kore-s-strategy-to-navigate-the-volatile-us-market-19-oct-2023.pdf
I' m vested in all 3 now (started with KORE but over the time, bottom feeding to picked up the rest) and the following KORE report provided the best info on their divergence in prices and risk (see page 18 onwards).
on the 9.8% shareholding, it apply to all US reits (not just office ones) to avoid the US withhold tax.
on the 9.8% shareholding, it apply to all US reits (not just office ones) to avoid the US withhold tax.
There are 3 US Office REITS listed on SGX (Manulife US Reits, Prime US Reits, KepOak US Reits). They are often viewed to be in similar basket as they invest in US office reits (which are currently under severe financial pressure).
Key difference amongst them is that MUST sponsor Manulife hands are tied, it cannot increase shareholding above 9.8% (avoid paying 30% US withholding tax).
KepOak is now the strongest one (among the 3), due to relatively lower gearing and backed by strong sponsor Keppel.
Prime is in the middle.
Manulife seems to have found a baseline at US 5 cts. One thing MUST management has been doing is to keep investors updated on how they are trying to turn-around. They update investors once every 2 months. Someone even made a video, based on MUST annoucements
https://www.youtube.com/watch?v=SMNdKz0NJA8
This is corporate governance and accountability, expected of public listed companies.
On the other hand, Prime management has done almost nothing to update its investors.
This sheds very bad light on Prime management and Board (what are they doing, at all?)
Prime CEO (Harmeet Singh Bedi) and the CFO need to provide a clear rescue plan to its investors.
Otherwise the Prime Board (and the sponsor KBS Asia Partners) should replace the management with a more competent team - that works to protect unit-holders (who pay their salaries).
https://www.primeusreit.com/bod.html
Key difference amongst them is that MUST sponsor Manulife hands are tied, it cannot increase shareholding above 9.8% (avoid paying 30% US withholding tax).
KepOak is now the strongest one (among the 3), due to relatively lower gearing and backed by strong sponsor Keppel.
Prime is in the middle.
Manulife seems to have found a baseline at US 5 cts. One thing MUST management has been doing is to keep investors updated on how they are trying to turn-around. They update investors once every 2 months. Someone even made a video, based on MUST annoucements
https://www.youtube.com/watch?v=SMNdKz0NJA8
This is corporate governance and accountability, expected of public listed companies.
On the other hand, Prime management has done almost nothing to update its investors.
This sheds very bad light on Prime management and Board (what are they doing, at all?)
Prime CEO (Harmeet Singh Bedi) and the CFO need to provide a clear rescue plan to its investors.
Otherwise the Prime Board (and the sponsor KBS Asia Partners) should replace the management with a more competent team - that works to protect unit-holders (who pay their salaries).
https://www.primeusreit.com/bod.html
Talonn - you can refer to latest Top Shareholders info on Prime US reits from Market Screener
https://www.marketscreener.com/quote/stock/PRIME-US-REIT-64310997/company/
Temasek + Keppel + Cuscaden collectively own > 20%
https://www.marketscreener.com/quote/stock/PRIME-US-REIT-64310997/company/
Temasek + Keppel + Cuscaden collectively own > 20%
Are Temasek and Keppel still vested in this ticker?
Prime US Reit technicals extremely weak.
Looks set to break below US$0.10 soon.
Looks set to break below US$0.10 soon.