Eagle Hospitality Trust EHT 5 months after IPO...be warned...GET OUT...! Fraud!
#1
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IPO was 78cts.
Now 66cts.

Major asset representing 20% of its revenue called Queen Mary has structural issues and not properly maintained for years.

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This maintenance problems have been around for years cannot be an overnight problem. Not only that, the property is part of a complex leasing structure that is hard to value.

I warn investors on the following:

1. Many early REITs have done well and made consistent DPU payouts due to incidental economic up cycle. This has made REITs popular and investors hungry for yield want to pump money.

2. However, SGX never solve the valuation issue means that a company wanting to offload property can put together a portforlio pay for a valuer and slap on a high yield to offload assets it does not want.

3. Because REITs is hot now many will take the chance to list. Just like the S chip wave. Some may not notice but a number of high yield trusts have imploded cutting DPUs and stock plunging to small fraction of IPO price and "NTA".

4. Imagine if you are a company with tip top prime assets why would you go through trouble of listing a REITs instead of selling high quality assets at a premium to private real estate investors.Some even claim to be listing at discount to valuation which is not credible.

5. Be warned ...alll investment tragedies begin with some people making money investing in something ...then thinking they have struck gold and cannot lose. The rest of the story is all too familiar.

Many REITs listed now are opportunist offloading assets they do not want to hold because investors having made some in early REITs think this class of assets is a winner....and may REITs gurus have emerged to promote them.
I, being poor, have only my dreams;
I will do my utmost to keep them alive.
Against tyrants and adversity, I will strive.
Together, a better future, we will realise......
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#2
Halted today...pending news.

Likely to be lease default.

Hope those who are holding got out.

This is example of property not properly valued dumped on investors.and all sorts of hidden problems emerge.
I, being poor, have only my dreams;
I will do my utmost to keep them alive.
Against tyrants and adversity, I will strive.
Together, a better future, we will realise......
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#3
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I, being poor, have only my dreams;
I will do my utmost to keep them alive.
Against tyrants and adversity, I will strive.
Together, a better future, we will realise......
Quote
#4
Tried to warn everyone to get out yesterday before implosive news on the default came out.

There many dubious REITs coming to the market because investors are eager to buy REITs.

Dont be lured. Eagle is just one example. Others will follow.
I, being poor, have only my dreams;
I will do my utmost to keep them alive.
Against tyrants and adversity, I will strive.
Together, a better future, we will realise......
Quote
#5
24-10-2019 11:34 AM
sgbuffett said:
Tried to warn everyone to get out yesterday before implosive news on the defaults.

There many dubious REITs coming to the market because investors are eager to buy REITs.

Dont be lured. Eagle is just one example. Others will follow.

Follow u sure die pain pain for life
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#6
24-10-2019 11:35 AM
EXBB said:
Follow u sure die pain pain for life
If followed this warning would have saved their balls from being cut out.
I, being poor, have only my dreams;
I will do my utmost to keep them alive.
Against tyrants and adversity, I will strive.
Together, a better future, we will realise......
Quote
#7
LOL another 马后炮 ... should have warned before the news come out
24-10-2019 11:37 AM
sgbuffett said:
If followed this warning would have saved their balls from being cut out.
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#8
24-10-2019 11:40 AM
rat28 said:
LOL another 马后炮 ... should have warned before the news come out
I warned yesterday before stock got halted today.

People who heed my warning can get out at 66cts yesterday before the halt.
I, being poor, have only my dreams;
I will do my utmost to keep them alive.
Against tyrants and adversity, I will strive.
Together, a better future, we will realise......
Quote
#9
24-10-2019 11:37 AM
sgbuffett said:
If followed this warning would have saved their balls from being cut out.

Please la, don’t sound like you are so smart in calling out the stock.... when did you first warn about this... ? show us the link la.

For your info, the is stock was heavily UNDERSUBSCRIBED. most of the shares went back to the sponsors and underwriters. For those who bought, they have been unloading since day one. That’s why the share price has been dropping from day one. Why? because no one like it. The market is smarter than you la.
Raw Video doesn’t lie; Liberal Journalism does.
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#10
kick sgx for not doing their work.
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