ALZ - Australand Property Group

[mmmmining]

Hi, There is no thread for this..

Today MXG (Multiplex Group Stapled) ann possible 3rd party proposal. So Similar companies are ALZ, LLC, FKP...

Wondering anyone has any thoughts about the possibility of 3rd party proposal for ALZ? Just speculating.

High yield of ALZ maybe a bonus.

 

[NextBigThing]

Re: ALZ - Australand Property Stapled

Trading halt???

anyone shed some light on this? I read it has something to do with capital raising. Will this send the price higher?

 

[waz]

Re: ALZ - Australand Property Stapled

Diversified property group Australand Ltd has announced a deeply discounted 7-for-10 entitlement offer to raise $475 million.

The non-renounceable, pro rata entitlement offer is priced at 40 cents, a 20 per cent discount from its last traded price.


NextBigThing: Capital raisings dilute shareholder value, which means share price should fall. It is good for the company to fix its balance sheet, however bad for the shareprice. Its even worse if the raising fails to attract enough subscribers.

 

[NextBigThing]

Re: ALZ - Australand Property Stapled

how do people see the SP playing out, after the capital raising???? thoughts?? also... i purchased my allotment of shares at 40 cents via bpay. Shall i expect a letter from ALZ/??? also how will these new shares be placed into my trading platform?. Thanks in advance

 

[So_Cynical]

Re: ALZ - Australand Property Stapled

Diversified property group Australand Ltd has announced a deeply discounted 7-for-10 entitlement offer to raise $475 million.

The non-renounceable, pro rata entitlement offer is priced at 40 cents, a 20 per cent discount from its last traded price.

It was this capital raising that first tweaked my interest in ALZ and i have been watching with interest since...and today i actually got a low ball buy order filled, and it turned out to be not so low ball.

Anyway in at 46.5 cents, hopeful that this down leg is over and that ALZ will return to the top of its 9 month trading range some time over the next 2 or 4 months....buying at 47 cents and under has proved to be profitable over the last 9 months and i see absolutely no reason why it wouldn't continue to be profitable over the next 9 months too.

And ya gotta love a double digit dividend return.
~

 

[So_Cynical]

Re: ALZ - Australand Property Stapled

And ya gotta love a double digit dividend return.

ALZ released there 2009 financial results today and turns out i wont be getting a double digit dividend yield looks like ill have to settle for a return of only 8.8% PA as they have announced a Distribution guidance of 4.1 cents per share....2009 highlights include.

• Operating profit 120 mill
• Gearing 25.4%
• Investment property revaluation losses 249 mill
• Undrawn facilities plus cash totalling $760 million
• Distributions for FY10 are expected to be 4.1 cents per stapled security
• Propose to undertake a 5 into 1 security consolidation

http://www.australand.com.au/ArticleDocuments/239/0310ResultsPresentationFINAL.pdf

 

[So_Cynical]

Re: ALZ - Australand Property Stapled

Anyway in at 46.5 cents, hopeful that this down leg is over and that ALZ will return to the top of its 9 month trading range some time over the next 2 or 4 months....buying at 47 cents and under has proved to be profitable over the last 9 months and i see absolutely no reason why it wouldn't continue to be profitable over the next 9 months too.

ALZ up about 20% from the bottom of about 2 months ago...so yet another successful trade completed today with my partial exit from ALZ the share price took a touch over 2 months (so just inside my predicted time range) to reach my upper channel target of 0.535

Interesting that today's mimi break out was on no news, and that the ALZ SP is behaving very predictably (as predicted) and will probably go on to test the very top of the channel...anyway left the profit in with a little capital for the long term capital growth and dividend yield, and intend to go looking for more property stocks that i believe represent a value entry.
~

 

[Looingforvalue]

Re: ALZ - Australand Property Stapled

ALZ up about 20% from the bottom of about 2 months ago...so yet another successful trade completed today with my partial exit from ALZ the share price took a touch over 2 months (so just inside my predicted time range) to reach my upper channel target of 0.535

Interesting that today's mimi break out was on no news, and that the ALZ SP is behaving very predictably (as predicted) and will probably go on to test the very top of the channel...anyway left the profit in with a little capital for the long term capital growth and dividend yield, and intend to go looking for more property stocks that i believe represent a value entry.
~

What other property stocks look good to you? Are property stocks likely to be the next sector to run after the runs we have had in resources, the banks, retailers etc.

 

[So_Cynical]

Re: ALZ - Australand Property Stapled

What other property stocks look good to you? Are property stocks likely to be the next sector to run after the runs we have had in resources, the banks, retailers etc.

I think over the long term we will look back at this time and see that the lower risk property stocks were great buying and good value in late 09 early 2010, as for what looks good to me...all the property stocks im watching seemed to have bounced except for a few of the larger ones and a large tracking fund.

Personally ive been trying to buy SLF since i exited my ALZ trade but the darn thing wont fall to my buy price ill give it another week.

 

[Looingforvalue]

Re: ALZ - Australand Property Stapled

I think over the long term we will look back at this time and see that the lower risk property stocks were great buying and good value in late 09 early 2010, as for what looks good to me...all the property stocks im watching seemed to have bounced except for a few of the larger ones and a large tracking fund.

Personally ive been trying to buy SLF since i exited my ALZ trade but the darn thing wont fall to my buy price ill give it another week.

Would you consider FKP, which is trading at 74 against Dec 09 NTA of 127, and likely earnings of 9-10 cps a good one to be in for both short and long term. Immediate problem with this stock seems to be the low dividend of "at least one cent a share" indicated by the Board, even though it has hinted it will review this low payout.

 

[YELNATS]

Re: ALZ - Australand Property Stapled

Personally ive been trying to buy SLF since i exited my ALZ trade but the darn thing wont fall to my buy price ill give it another week.

What is your buy price for SLF, So_Cynical? I hold SLF and have been looking to get some more around $7.95.

 

[So_Cynical]

Re: ALZ - Australand Property Stapled

Would you consider FKP, which is trading at 74 against Dec 09 NTA of 127, and likely earnings of 9-10 cps a good one to be in for both short and long term. Immediate problem with this stock seems to be the low dividend of "at least one cent a share" indicated by the Board, even though it has hinted it will review this low payout.

Based purely on the chart, FKP is trading in the middle of its range so at the current SP i wouldn't be interested...chart indicates that 68 and under is where i would be considering FKP

What is your buy price for SLF, So_Cynical? I hold SLF and have been looking to get some more around $7.95.

Yep same here, i hold and want more...ive had a buy in at 7.94 > 7.96 and that one day last week it hit 7.95 was the day i decided to save my self $17 and dropped my bid to 7.94

 

[So_Cynical]

Re: ALZ - Australand Property Stapled

Today ALZ announced details of the 1 for 5 share consolidation they have been planning, should be all over and done with on the 4th of May...will be interesting to see if the old trading range will still be valid, strange things can and do happen after consolidations and splits..factored up, the bottom of the new inner range should be around 2.45

http://www.asx.com.au/asxpdf/20100416/pdf/31pt3y6ydqklgt.pdf

 

[So_Cynical]

Re: ALZ - Australand Property Stapled

Into ALZ at today's open of 2.30 ~ turned out to be very close to today's bottom and actually a little lower than my buy in of a few months ago..so will end up being a slight average down for me.

With today's close of 2.42 im tempted to take the 5.2% in a day and run : as DXS also looks prime for a re-entry and easy 5 >10% or so....these low credit risk, dividend paying property stocks are turning out to be great support buys in this brilliant sideways market...loving the volatility.

 

[So_Cynical]

Re: ALZ - Australand Property Stapled

Into ALZ at today's open of 2.30 ~ turned out to be very close to today's bottom and actually a little lower than my buy in of a few months ago..so will end up being a slight average down for me.

With today's close of 2.42 im tempted to take the 5.2% in a day and run : as DXS also looks prime for a re-entry and easy 5 >10% or so....these low credit risk, dividend paying property stocks are turning out to be great support buys in this brilliant sideways market...loving the volatility.

28 days later and im out at 3.67 (yesterday) with a very easy 16% profit in a little less than a month...as per my plan all profit left in with just a little extra capital as its my second entry into ALZ.

Total ALZ shares now held for long term dividend stream up by about 40% and thus my ALZ divi stream up by 40% and my free carry shares increased in number by about 20% so my ALZ holding is now approximately 40% capital and 60% free carry.

planning to only leave profit in with my next trade...and will probably be willing to pay a little more going forward as i expect that after declaring a health profit and dividend that there's a fair chance ALZ wont see 2.3? again.

6 month chart below shows my very well timed and lucky falling price entry's in green with exits in red.
~

 

[So_Cynical]

Re: ALZ - Australand Property Stapled

(28th-January-2010) ya gotta love a double digit dividend return.

(9th-February-2010) ALZ released there 2009 financial results today and turns out i wont be getting a double digit dividend yield looks like ill have to settle for a return of only 8.8% PA as they have announced a Distribution guidance of 4.1 cents per share.

10 or so months down the track and looks like im closing in on my double digit distribution return ALZ released there 3rd quarter update a few weeks ago and have given guidance of 20.5 cents per share...my average price is $2.32 so about a 8.85% return with upside.

In line with previous guidance, it is expected that Group operating profit will be similar in 2010 to that achieved in 2009. The Group expects to pay a distribution of 10.5 cents per security for the second half, resulting in full year distributions of 20.5 cents per security.

http://www.australand.com.au/ArticleDocuments/239/Australand_3Q10_Update.pdf

 

[pixel]

Re: ALZ - Australand Property Stapled

Well done, Cynic;
I've taken the distribution and then abandoned my holdings as the price drifted off. It was only today that my scan (for trend reversals with volume) put ALZ back on watch.

The weekly chart shows that $3 could be a tough resistance to crack - but there's always the next attempt that might succeed.


If it does happen, we may be in for a treat: $4.30 in a year's time?

 

[So_Cynical]

Re: ALZ - Australand Property Stapled

GPT has released a proposal to buy Australands property portfolio, no details yet but the announcement certainly had an impact on the ALZ share price closing up 6.29% ($3.21) for the day but hitting a new 4 year intra-day high of $3.34

http://www.gpt.com.au/news.aspx?urlkey=nm_news&newsid=41281

I'm still holding 2 parcels of shares from 2010 with an average price of $2.315 with the regular take over activity that my portfolio attracts its starting to become clear that this fact is a big contributor to my success...over all since July 2007 i have held 40 stocks in total of which 7 have been either taken over or the subject of a unsuccessful bid.

So 17.5% of all the stocks i have held since July 2007...amazing, and an often neglected aspect of having a large portfolio of quality focused, mid, small and micro cap stocks.

 

[skc]

Re: ALZ - Australand Property Stapled

GPT has released a proposal to buy Australands property portfolio, no details yet but the announcement certainly had an impact on the ALZ share price closing up 6.29% ($3.21) for the day but hitting a new 4 year intra-day high of $3.34

I closed a long ALZ position on Friday after it ran 6%, completely unaware of the rumour going around.

Oh well. only $5k profit foregone

 

[nulla nulla]

Re: ALZ - Australand Property Stapled

I closed a long ALZ position on Friday after it ran 6%, completely unaware of the rumour going around.

Oh well. only $5k profit foregone

Be happy , if 6% on monday represents $5k profit then you probably took $5k profit in the 6% rise on friday. Well done. Plus of course all the divs you accumulated while holding.

At this stage, the bid is informal and only for the "non residential" assets. A bit like offering to take only the good aspects of the company and leave them with the discards. It would have to be at a pretty good premium to book value to make it palatable for alz shareholders. I'm surprised the share price of gpt didn't dip.

Share:	ALZ
Date:	Closing 10-12-12
Closing Price	3.21
Issued Shares	576,846,597
Capital	1,851,677,576
Earnings $	0.2520
ROE	7.85%
Dist $	0.2150
Yield %	6.70%
P/E	12.74
NTA $	3.46
Discount to NTA	7.23%

Still worth a look at at the present yield and discount to nta. Although I note in todays SMH a broker only values it presently at $3.15. As always d.y.o.r. and good luck to holders. .