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While the big seller queued to sell 1,363,300 shares to sell at $0.205 today, only 6,200 shares panic sold at $0.20 today and 642,100 shares remained on queue to buy at $0.20 but was unfilled.
EricNat ( Date: 09-Oct-2023 19:02) Posted:
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big seller again piled up queuing to sell at .205
EricNat ( Date: 09-Oct-2023 19:02) Posted:
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There was no particular news but Prime also set a new low yesterday. For this stock, suspicious that only 100 shares was touched at $0.199 and there were big 1.4m shares sellers on queue to sell at $0.205 and $0.21 after the sell down yesterday. These big sellers are not on queue so far today.
EricNat ( Date: 09-Oct-2023 19:02) Posted:
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Anyone know what happened today? Drop to 0.199 at 1 point of time.
$0.235 and $0.240 sellers were cleared today.
$0.235 cleared as well
$0.225 and $0.230 sellers were cleared today.
$0.215 and $0.220 sellers were again cleared today, just like yesterday. Manu and Prime are both down today so this may indicate some flight to quality leading to the accumulation seen in KepPac
$0.22 cleared!
$0.215 cleared!
$0.215 starting to be nibbled and some buying also observed for Manu and Prime after they hit new lows.
stockinvestor ( Date: 06-Sep-2023 10:54) Posted:
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Sudden buying observed at $0.21 which cleared the seller. No similar buying observed for Prime and Manu so far.
Rate hike might have slowed but unlikely to peak any time soon because of stronger than expected US economy. I have 2 out of 3 US office REITs in my portfolio, both shrinking into irrelevance ¯ \_(ツ )_/¯
...
" Still, even if somewhat exaggerated, the Atlanta Fed&rsquo s nowcast is almost always directionally correct. The inference is clear: America&rsquo s economy is not just holding up but steaming ahead.
Wall Street is now convinced that in the short run the Fed will need to keep rates higher than expected, too. A few months ago most were pricing in rapid rate cuts starting in September now most think the Fed will wait until May and will move tepidly. Given the economy&rsquo s continuous outperformance, pricing in higher rates further into the future seems prudent."
https://www.economist.com/finance-and-economics/2023/08/23/americas-astonishing-economic-growth-goes-up-another-gear
...
" Still, even if somewhat exaggerated, the Atlanta Fed&rsquo s nowcast is almost always directionally correct. The inference is clear: America&rsquo s economy is not just holding up but steaming ahead.
Wall Street is now convinced that in the short run the Fed will need to keep rates higher than expected, too. A few months ago most were pricing in rapid rate cuts starting in September now most think the Fed will wait until May and will move tepidly. Given the economy&rsquo s continuous outperformance, pricing in higher rates further into the future seems prudent."
https://www.economist.com/finance-and-economics/2023/08/23/americas-astonishing-economic-growth-goes-up-another-gear
If you think that the increase in US interest rates is reaching its peak, it' s likely that the depreciation of Class A office buildings is stabilizing or coming to an end.
marketuncle ( Date: 05-Sep-2023 11:19) Posted:
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will recover once us recession kicks in and fed panics and cuts rates, and unemployment spikes up, and employees who still want to wfh become ex-employees. could come quicker than we think.
marketuncle ( Date: 05-Sep-2023 11:19) Posted:
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Long way to recover, if ever :(
https://www.economist.com/finance-and-economics/2023/08/29/high-bond-yields-imperil-americas-financial-stability
" Consider commercial property. American office-vacancy rates reached 16.4% in the middle of the year, according to Colliers, an estate agency, above the previous record that was set after the global financial crisis of 2007-09. The combination of firmly entrenched work-from-home habits and rising interest rates has been brutal for owners of office buildings. Capital Economics, a research firm, forecasts an additional 15% decline in prices by the end of next year, with the west coast being struck particularly hard.
The situation faced by commercial-property owners may deteriorate even if the economy further improves. One or two extra percentage points of growth will bring back few tenants. But the resulting increase in interest rates will put pressure on businesses unable to refinance the debt they accumulated at low rates in the covid-19 pandemic. Newmark, a property-services firm, identifies a maturity wall of $626bn in troubled commercial-property debt&mdash where the senior debt of the borrower is worth 80% or more of the value of the property&mdash that will come due between 2023 and 2025. Without a let-up in the bond market, plenty of companies will smash into the wall."
https://www.economist.com/finance-and-economics/2023/08/29/high-bond-yields-imperil-americas-financial-stability
" Consider commercial property. American office-vacancy rates reached 16.4% in the middle of the year, according to Colliers, an estate agency, above the previous record that was set after the global financial crisis of 2007-09. The combination of firmly entrenched work-from-home habits and rising interest rates has been brutal for owners of office buildings. Capital Economics, a research firm, forecasts an additional 15% decline in prices by the end of next year, with the west coast being struck particularly hard.
The situation faced by commercial-property owners may deteriorate even if the economy further improves. One or two extra percentage points of growth will bring back few tenants. But the resulting increase in interest rates will put pressure on businesses unable to refinance the debt they accumulated at low rates in the covid-19 pandemic. Newmark, a property-services firm, identifies a maturity wall of $626bn in troubled commercial-property debt&mdash where the senior debt of the borrower is worth 80% or more of the value of the property&mdash that will come due between 2023 and 2025. Without a let-up in the bond market, plenty of companies will smash into the wall."
KORE dropped a whopping 30% since XD, as compared to PRIME 19%. All falling knives.
Just random small buyers for Manu I think. That is why price dipped to 6.8 cents from 7.2 cents
checkmate ( Date: 31-Aug-2023 17:54) Posted:
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Today is the day both Manu and KORE are kicked out of the MSCI Small Cap Index and added to the MSCI Micro Cap Index at the close and that caused the large volumes due to fund balancing.
Am I right to say that between Manu, Prime and KORE, KORE is fundamentally the strongest with the least leverage and also has Keppel as a backer?
At > 20% dividend yield and price drop largely due to the change from MSCI Small Cap to Micro Cap, I bought some at $0.22 at the close.
Am I right to say that between Manu, Prime and KORE, KORE is fundamentally the strongest with the least leverage and also has Keppel as a backer?
At > 20% dividend yield and price drop largely due to the change from MSCI Small Cap to Micro Cap, I bought some at $0.22 at the close.
checkmate ( Date: 31-Aug-2023 17:54) Posted:
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For both Manu and KORE, both registered 2nd-highest daily transaction volumes since Covid crash.
The closing transactions alone, for Manu it' s about 2% of total shares, for KORE it' s about 1%.
What' s interesting is that if someone is selling, someone must be buying. Let' s wait for the disclosures.
The closing transactions alone, for Manu it' s about 2% of total shares, for KORE it' s about 1%.
What' s interesting is that if someone is selling, someone must be buying. Let' s wait for the disclosures.