Posted by Siew Jian Bin > 2015-06-04 09:35 | Report Abuse
Is singapore share price considered dropping after Ex-date of dividend?
Posted by Jian Bin Siew > 2015-07-16 10:09 | Report Abuse
Anyone has any idea why this stock drop so much?
Posted by tommy31 > 2015-07-24 20:13 | Report Abuse
I guess there are 2 reason
1) Potential Equity Fundig & dilution
Sponsoring comapny "Accordia Golf" is accerelating asset light strategy. Their major stakeholder give strong pressur for earlier implementation. Even though there are room for debt-fundig with Japanse ultra-low interest rate, leverage is limited. Current low valuation heighten the concern for potential dilution. Fund director's independence will be tested.
2) Japan's demography
In the mid-long term, Japanese golf population is expected to gradually decrease.
Even Daiwa's analyst evaluate the stock with negative growth rate in his report.
But I agree with you that this trust is under-valued, good buying opportunity assuming Mr.Machida(Trust CEO) act to protect stakeholder's interest, avoidng dilutive equity funding.
Posted by Jian Bin Siew > 2015-07-30 14:56 | Report Abuse
Finally I have heard some comment! Tq. Anyway, i am still buy and keep this stock.
Posted by tommy31 > 2015-07-31 04:39 | Report Abuse
Continuing downtrend make existing shareholde to worry, parly because of JPY currency depreciation. But it is said that fair value of Yen-USD rate based on PPP(Purchasing Power Parity) is the 105-110 Yen/Doller range. I guess in the mid-long term, currency will converge to fair valule.
慢慢了
No result.
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
lkw8361
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Posted by lkw8361 > 2015-04-24 20:13 | Report Abuse
9.6% dividend yield, given current JPY level is already very weak, the downside is limited.