Saturday, July 4, 2015

GUOCOLAND begins to harvest from Damansara City

GUOCOLAND is selling its subsidiary that owns "Office Tower A" in Damansara City to Hong Leong Bank Berhad for an indicative cash consideration of RM189.3 million.

The proposed disposal is undertaken to unlock its investment at current market value and realise its gain. The cash proceeds of RM189.3 million will be utilised to pare down its bank borrowings, which is expected to result in an annual interest savings of approximately RM7.8 million.

Upon completion of the disposal, it is expected to realise a net gain of about RM137.3 million, and resulting in an increase in earnings per share of about 20 sen.

As more property disposals in the project may be forthcoming, I am hanging on dearly to my GUOCO shares until the harvesting season is over. 

Thursday, July 2, 2015

CMMT - Time to buy at a good price

I reckon it's time to buy some CMMT units for passive income and potential capital appreciation, now that its price has fallen considerably and is quite near to its impending private placement price of RM1.32 per unit. See here.

Furthermore, EPF has stopped selling down its shares in CMMT and started to buy back again. See here.

The upcoming dividend payout also looks rather inviting with its good yield:

Income Distribution
Ex-date: 6 Jul 2015
Entitlement description: Advance Distribution of Income of 4.61 sen per unit (of which 4.43 sen per unit is taxable and 0.18 sen per unit is tax exempt in the hands of unitholders) in respect of the period from 1 January 2015 to 8 July 2015.
Date Payable: 7 Aug 2015

Wednesday, June 24, 2015

DOLPHIN is learning new tricks

DOLPHIN looks like it is learning to do the flip-flop, flip-flop, up-down, up-down show before proceeding.