SaizenREIT
SaizenReit - might be rising from tomb soon
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News from SGX.....
Saizen REIT: Divestment Of Patios Ohashi.
21 Sep 2010 17:47
Saizen Real Estate Investment Trust wishes to announce the divestment of Patios Ohashi from the property portfolio of Yugen Kaisha Shintoku. Since the loan of YK Shintoku went into maturity default in November 2009, the asset manager of Saizen REIT has been working closely with the loan servicer on a suitable course of action. To this end, the loan servicer has proposed the progressive and partial sale of YK Shintoku's properties to reduce the absolute amount of the YK Shintoku Loan. Such reduction in absolute amount of the loan will likely make its refinancing more acceptable to potential lenders...
DROP MORE LEH !!!
Then i will buy more...
Anualised return = 9.75% leh...
Seow liao. This REIT is downtrend
glObal prOperty expert On CNA last mOnday commented:
JAPAN prOpertIes cOntinUe tO remaIn DEPRESSED.
nO UpsIde In the near term . . . .
sO the GIC IPO is nOt attractIve ? ? ? ?
elton81 ( Date: 12-Sep-2010 15:05) Posted:
so is that bad news for saizen?
pharoah88 ( Date: 11-Sep-2010 17:53) Posted:
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SME lender is Japan’s first bank failure in 7 years
TOKYO
The Financial Services Agency (FSA) has told the bank it cannot do any business for at least three days and must make efforts to protect existing depositors, the agency said in a statement.
Japanese media said the FSA is likely to let the bank go under and will only refund depositors a maximum of ¥10 million ($160,000). This would be the first time that a cap on deposit insurance had been used in Japan, since it was acted in 2002 after a slew of banks went bankrupt with the bursting of the economic bubble in the 1990s.
The bank specialises in providing banking services for small and medium sized businesses. It may report a negative net worth of ¥150 billion, the
Banking shares were mixed in Tokyo trade on Friday; the benchmark Nikkei Index was up 1.90 per cent.
Also on Friday, Japan approved a US$11 billion ($15 billion) stimulus package aimed at helping the export driven economy tackle deflation and the impact of a surging yen.
The previously announced plan, approved by the Cabinet of Prime Minister Naoto Kan, includes initiatives aimed at boosting consumption and creating employment for graduates. It is also intended to provide investment in green industries and offer support for small business.
The fresh stimulus package of ¥915 billion will be financed by reserve funds and is expected to lift the country’s gross domestic product by about 0.3 per cent, creating around 200,000 jobs.
The plan also specifies a strong yen as “a problem that cannot be unaddressed”, stating that the government “will take determined action, including intervention, when needed”.
Revised data on Friday showed that Japan’s gross domestic product grew by an annualised 1.5 per cent in the April-June quarter, well above an initial estimate of 0.4 per cent. — The private Incubator Bank of Japan (IBJ) was reported on Friday to have been ordered to halt operations and will file for bankruptcy yesterday, in what would be Japan’s first bank failure in seven years, officials said.Nikkei Business Daily reported.AFP |
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so is that bad news for saizen?
pharoah88 ( Date: 11-Sep-2010 17:53) Posted:
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SME lender is Japan’s first bank failure in 7 years
TOKYO
The Financial Services Agency (FSA) has told the bank it cannot do any business for at least three days and must make efforts to protect existing depositors, the agency said in a statement.
Japanese media said the FSA is likely to let the bank go under and will only refund depositors a maximum of ¥10 million ($160,000). This would be the first time that a cap on deposit insurance had been used in Japan, since it was acted in 2002 after a slew of banks went bankrupt with the bursting of the economic bubble in the 1990s.
The bank specialises in providing banking services for small and medium sized businesses. It may report a negative net worth of ¥150 billion, the
Banking shares were mixed in Tokyo trade on Friday; the benchmark Nikkei Index was up 1.90 per cent.
Also on Friday, Japan approved a US$11 billion ($15 billion) stimulus package aimed at helping the export driven economy tackle deflation and the impact of a surging yen.
The previously announced plan, approved by the Cabinet of Prime Minister Naoto Kan, includes initiatives aimed at boosting consumption and creating employment for graduates. It is also intended to provide investment in green industries and offer support for small business.
The fresh stimulus package of ¥915 billion will be financed by reserve funds and is expected to lift the country’s gross domestic product by about 0.3 per cent, creating around 200,000 jobs.
The plan also specifies a strong yen as “a problem that cannot be unaddressed”, stating that the government “will take determined action, including intervention, when needed”.
Revised data on Friday showed that Japan’s gross domestic product grew by an annualised 1.5 per cent in the April-June quarter, well above an initial estimate of 0.4 per cent. — The private Incubator Bank of Japan (IBJ) was reported on Friday to have been ordered to halt operations and will file for bankruptcy yesterday, in what would be Japan’s first bank failure in seven years, officials said.Nikkei Business Daily reported.AFP |
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SME lender is Japan’s first bank failure in 7 years
TOKYO
The Financial Services Agency (FSA) has told the bank it cannot do any business for at least three days and must make efforts to protect existing depositors, the agency said in a statement.
Japanese media said the FSA is likely to let the bank go under and will only refund depositors a maximum of ¥10 million ($160,000). This would be the first time that a cap on deposit insurance had been used in Japan, since it was acted in 2002 after a slew of banks went bankrupt with the bursting of the economic bubble in the 1990s.
The bank specialises in providing banking services for small and medium sized businesses. It may report a negative net worth of ¥150 billion, the
Banking shares were mixed in Tokyo trade on Friday; the benchmark Nikkei Index was up 1.90 per cent.
Also on Friday, Japan approved a US$11 billion ($15 billion) stimulus package aimed at helping the export driven economy tackle deflation and the impact of a surging yen.
The previously announced plan, approved by the Cabinet of Prime Minister Naoto Kan, includes initiatives aimed at boosting consumption and creating employment for graduates. It is also intended to provide investment in green industries and offer support for small business.
The fresh stimulus package of ¥915 billion will be financed by reserve funds and is expected to lift the country’s gross domestic product by about 0.3 per cent, creating around 200,000 jobs.
The plan also specifies a strong yen as “a problem that cannot be unaddressed”, stating that the government “will take determined action, including intervention, when needed”.
Revised data on Friday showed that Japan’s gross domestic product grew by an annualised 1.5 per cent in the April-June quarter, well above an initial estimate of 0.4 per cent.
— The private Incubator Bank of Japan (IBJ) was reported on Friday to have been ordered to halt operations and will file for bankruptcy yesterday, in what would be Japan’s first bank failure in seven years, officials said.Nikkei Business Daily reported.AFP
I am wondering why would Credit Suisses selling the share before XD. I see from Insider Trades that both Credit Suisses Securities (Europe) limited and Credit Suisses G AP sell 2,346K shares each, let alone Credit Suisses (international) sold 52,868K in Jun. Do they see or knew something we do not !?
demand for saizen's residential units inelastic... consistent occupancy >90% thru recession... defensive..
5. Occupancy rate at 91.3%. This is Saizen REIT's strength as it was able to maintain an occupancy rate of above 90% even through the recession.
from: http://singaporeanstocksinvestor.blogspot.com/2010/08/saizen-reit-better-than-expected-dpu.html
JAPAN's ecOnOmy is wOrsenIng ?
will saIzen ImprOve Its bUsIness and prOfItabIlIty In wOrsenIng ecOnOmy ?
hOw ? ? ? ?
price will move when CMBS for shintoku is refinanced
http://singaporeanstocksinvestor.blogspot.com/2010/08/saizen-reit-better-than-expected-dpu.html
CD coming soon.. yet px still motionless.. any1 know why?
slowly climbing...
0.175 liaoooo
Finally opened at 0.170 today !!!!
The massive sell Q at 0.170 is gone !!!
Waiting to rocket !!!!
frOm fOrum at Next Insight:
Credit Suisse Securities (Europe) Limited brought 2.19million shares in Saizen Trust to bring its holding to 5.2112%.
Wonder at WHAT PRiCE?
Is it a Married Deal or from FREE Market ?
Is CSS a Lender or related to a SAIZEN Lender?
Apparently, it is pOsitive fOr SAIZEN.
Lenders don't care how REIT manager distribute their income.
Lenders only want the REIT manager to pay them what is contractually binding (interest/loan) on time.
As for the default, it's only 1x CMBS (YK Shintoku). It's not as if Saizen REIT defaulted on all their loans.
Saizen REIT cannot be compared with Rickmers. They are fundamentally different.
See some numbers:
http://singaporeanstocksinvestor.blogspot.com/2010/03/replies-from-ak71-all-things-saizen.html
grandmaster89 ( Date: 18-Mar-2010 21:55) Posted:
Actually its NAV (after adjusting for warrant conversion) will be only 29 cents. I wonder how much will they distribute ? I don't think their lenders will allow them to distribute a significant amount of their earnings since they are in technical default. Most likely, they will do a 'Rickmers' and retain significant portion of the cash-flow to pay down debts slowly.
Zelphon ( Date: 18-Mar-2010 21:48) Posted:
NAV = 0.40 Debt refinancing risk getting lower.. On track to pay dividends in July 2010.. Rental income has been stable... Defaulting that YK Shintoku loan only results in increased interest rate from 3% to7%.. no firesale of assets... Short term 3~4 mths... sure rocket !!! |
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You might be right about BBs....
http://singaporeanstocksinvestor.blogspot.com/2010/03/saizen-reit-1627-lots-bought-up.html
Zelphon ( Date: 16-Mar-2010 10:37) Posted:
It was probably a 1 lot selldown..
Seen some 1 lot up and 1 lot down game last week in Saizen REITS..
that 1 lot game made up abt 300 lots...
Perhaps BB starting to play Saizen..
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A few. :)
Zelphon ( Date: 16-Mar-2010 12:13) Posted:
How many lots u holding??
dragons ( Date: 13-Mar-2010 22:23) Posted:
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Original NAV was S$1.00 when share price was S$0.120.
iN 2009, my friend tOld me with the NAV at S$1.00, it wOuld nEvEr DiE.
tEchnical dEfault iS pOstpOnEd fOr fivE yEars.
hOpEfully by that TiME wOrld EcOnOmy wOuld rEturn tO nOrmal.
grandmaster89 ( Date: 18-Mar-2010 21:55) Posted:
Actually its NAV (after adjusting for warrant conversion) will be only 29 cents. I wonder how much will they distribute ? I don't think their lenders will allow them to distribute a significant amount of their earnings since they are in technical default. Most likely, they will do a 'Rickmers' and retain significant portion of the cash-flow to pay down debts slowly.
Zelphon ( Date: 18-Mar-2010 21:48) Posted:
NAV = 0.40 Debt refinancing risk getting lower.. On track to pay dividends in July 2010.. Rental income has been stable... Defaulting that YK Shintoku loan only results in increased interest rate from 3% to7%.. no firesale of assets... Short term 3~4 mths... sure rocket !!! |
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tis company seems highly in debt, wander they cn cont to upgrade revenue if not mayb cnnt recover to even 0.20
