tag:blogger.com,1999:blog-3008642600708028986.post2614051592463919875..comments2023-09-07T20:42:08.035+08:00Comments on Market Uncle's Blog: Cityspring, is there value?market unclehttp://www.blogger.com/profile/16460144334144587714noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-3008642600708028986.post-20090883958340732652011-12-12T05:59:11.971+08:002011-12-12T05:59:11.971+08:00Their are always bargains stocks somewhere. You ha...Their are always bargains stocks somewhere. You have the whole world to pick from.Penny Stock Newsletterhttp://www.manhattancalumet.comnoreply@blogger.comtag:blogger.com,1999:blog-3008642600708028986.post-62688490995907145392008-10-29T21:08:00.000+08:002008-10-29T21:08:00.000+08:00Hi sgdividend, If an investment product, be it an...Hi sgdividend,<BR/> If an investment product, be it an equity, bond etc are well sought after, the demand will outstrip supply to result in a satisfactory appreciation in underlying price.<BR/><BR/> If the trust is managed properly to provide a steady and increasing dividend, then its price will raise accordingly automatically. <BR/> <BR/> As share price and value does not always move in agreements, it is almost impossible for management to control them. Pegging their performance to it seems unfair to me.<BR/><BR/> Anyway, in defensive terms, I do agree that if cityspring does not have higher refinancing risk compared to other debt based instruments, then it is relatively safe in this credit crunch.<BR/><BR/> As for MSCI Asia Pacific (ex Japan Utility Index), I can't help you here. Tried googling for it a while, but can't find anything good.Market Unclehttps://www.blogger.com/profile/13926458268187430049noreply@blogger.comtag:blogger.com,1999:blog-3008642600708028986.post-2313189898227123242008-10-25T20:31:00.000+08:002008-10-25T20:31:00.000+08:00Oh yes, do you know where i can get the chart for ...Oh yes, do you know where i can get the chart for this index?<BR/>MSCI Asia Pacific (ex Japan Utility Index)<BR/><BR/>And how do they actually compare this chart with their share price?<BR/>Do they fix a specific date and time and then measure the percentage increase of the share price of both till another specific time? ( Just trying my luck, incase you know)SGDividendshttps://www.blogger.com/profile/10774926511253473514noreply@blogger.comtag:blogger.com,1999:blog-3008642600708028986.post-83162468936160830802008-10-25T20:26:00.000+08:002008-10-25T20:26:00.000+08:00Hi Uncle,im severly heavy weight on Cityspring and...Hi Uncle,<BR/><BR/>im severly heavy weight on Cityspring and after reading your article, i agree with you on your analysis and it did give me food for thought regarding the management fee..<BR/><BR/>However, from a shareholder standpoint, i feel we are concerned ultimately about share price. Whatever it takes to get a higher share price would make shareholders happy, if it takes high earnings to translate to high share price ..so be it..therefore i think that management's remiuniration pegged to share price makes sense to shareholders actually.....<BR/><BR/>That said, im still going to load up on cityspring reasons because..its entities are recession proof...recently, they have settled their refinancing issues and the earliest repayment is 2011..which in my opinion credit would be flowing again.Just to share with you lah....<BR/><BR/>Anyway..hope you most more often cos i really do learn a lot from you..really...SGDividendshttps://www.blogger.com/profile/10774926511253473514noreply@blogger.comtag:blogger.com,1999:blog-3008642600708028986.post-57444231793764670422007-05-26T00:06:00.000+08:002007-05-26T00:06:00.000+08:00To the management, it made sense. They simply link...To the management, it made sense. They simply link their remuneration to trust price performance.<BR/><BR/>To shareholders (and any rational people), it does not make sense. Since when are management of any company paid according to how well one company's share price perform? Shouldn't the management be focused on trust performance (in profit) instead?<BR/><BR/>Its indeed interesting to note the share price didn't decline much. If it did, their management fee will decline next year (to the delight of existing shareholders?). Now that it didn't decline much, this might mean next year's management fee will be as astronomical as this year.Market Unclehttps://www.blogger.com/profile/13926458268187430049noreply@blogger.comtag:blogger.com,1999:blog-3008642600708028986.post-51144868402469583292007-05-24T01:01:00.000+08:002007-05-24T01:01:00.000+08:00Well, the fee structure does not make sense. We kn...Well, the fee structure does not make sense. We know that unit trust charge based on this similar fee structure as the appreciation of fund may partially be credited to the ability of the manager. However, this does not apply at all to City Spring or any other type of REIT/ Infra. trust. Why would market sentiment got anything to do with management's ability? The performance fee should be based on the increase in DPU. <BR/><BR/>So why is there a rush during post IPO on this trust? Probably due to herd behaviour in this bullish market. The majority didn't actually read the details in the prospectus. Even if they did, they may not have understood the impact. <BR/><BR/>It's interesting that the trust did not plunge much further after the news is release.Anonymousnoreply@blogger.com