Highlights
SGX: Accordia Golf Tr (ADQU)       ACCORDIA GOLF TRUST
Last Price Today's Change   Day's Range   Trading Volume
0.525   0.00 (0.00%)  0.52 - 0.525  1,405

Price Target



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  2 people like this.
 
lkw8361 9.6% dividend yield, given current JPY level is already very weak, the downside is limited.
24/04/2015 8:13 PM
queenfit why today dipped so much?
02/06/2015 10:35 AM
Siew Jian Bin Is singapore share price considered dropping after Ex-date of dividend?
04/06/2015 9:35 AM
Jian Bin Siew Anyone has any idea why this stock drop so much?
16/07/2015 10:09 AM
tommy31 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.
24/07/2015 8:13 PM
Jian Bin Siew Finally I have heard some comment! Tq. Anyway, i am still buy and keep this stock.
30/07/2015 2:56 PM
tommy31 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
31/07/2015 4:39 AM


 

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