I see an Ascending triangle formation, This is an explanation found on "Incredible Charts":
When an ascending triangle is formed by equal highs and higher lows. It is
a bullish signal, whether encountered in an up- or down-trend. It
is most often observed as a continuation pattern in an up-trend but is a
strong reversal signal when witnessed in a down-trend.
It seems to have a good clean support line for continuing its uptrend. Lets look at it logically, even if i buy at $1.16, i'm going to get 7.36% returns/yr. Hmmm... If you have money sitting idle in the bank like me, your hands would be itchy too. It is best to do it in stages, buy one part now, then if it drops to <$1.00, buy another part. And if all hell breaks loose, be patient while you enjoy yearly dividends.
I have committed some funds into it this monday/tuesday.
ReplyDeleteAgreeing with you if market really crash then just collect above 7% dividend per year
ReplyDeleteThe dividends are good but it has a shorter lease compared to other retail or hoslitality reits and is the lowest among all the other industrial reits.
ReplyDeleteNo lease renewal risk for remaining months of 2013. Only 6% GFA expiring in 2014. Over 85% of GFA taken up by MNCs and government entities (4%). It recently set up new subsidiaries so new acquisitions are highly possible soon which likely to increase future DPU. Strong sponsor - ARA and CWT.
ReplyDeleteI have to say Hospitality REITs are more attractive than Industrial REITs mainly because they are somewhat cyclical. Since we live in this wonderful country, REITs targeting tourists will benefit in the longER term. I especially like Ascott REIT and FarEast for their strong portfolio.
ReplyDeleteCache REIT is'nt a bad choice too, 7% in the long term. But truthfully i would be more willing "cash in" in Cache REIT as soon as i feel they are being overvalued.
ReplyDelete