MCW - Macquarie Countrywide Trust

[boff]

I've been long on this for a few weeks, picked up some at 30c. Does anyone know the expectation for dividends? Presumeably if they come, it'll be this month.

 

[Tysonboss1]

I've been long on this for a few weeks, picked up some at 30c. Does anyone know the expectation for dividends? Presumeably if they come, it'll be this month.

next div is 4c I believe, last div was paid in feb, so we still got a couple of months before the next payment.

 

[boff]

Wow, I knew MCW's recovery was bound to happen but I didn't think it would be this fast,

the stock is currently sitting at around 46.5 cents although I am holding for dividends, I am certainly happy with the cap gain.

I am now tossing up whether I should be looking at selling some of my position because I am over weight in this stock, or should I just hold on for a $1 a share( possilbly 2 years away)

I sold out yesterday at 47.5c. Great ride up from 30c, and it was case of being overweight on that stock and needing the cash

Does anyone have their eye on any other undervalued property stocks at the moment?

 

[Tysonboss1]

I sold out yesterday at 47.5c. Great ride up from 30c, and it was case of being overweight on that stock and needing the cash

Does anyone have their eye on any other undervalued property stocks at the moment?

I still hold, they are .56c now and I am still wondering if I should sell some.

based on its div's I think the stock should beable to support a price of 60c, but who knows we might re test 40c and I will be wishing I sold out.

Beppa is my next biggest holding, I think there will be some positive movement early next month, it's currently 12.4c, if the annoucement is positve it should atleast hit 18c.

I also hold a few FKP, I think they are totally under valued, But it could be a while before movement there, I have been buying a few at around 82c.

 

[boff]

Beppa is my next biggest holding, I think there will be some positive movement early next month, it's currently 12.4c, if the annoucement is positve it should atleast hit 18c.

I also hold a few FKP, I think they are totally under valued, But it could be a while before movement there, I have been buying a few at around 82c.

BBI was my largest, until I sold out a few weeks back at 10c. Thanks for the pointer to FKP. The baby boomers are going need to somewhere to rest up at....

 

[dirkdiggler444]

Hi all, I contacted MCW today (15-06-09) and was advised an announcement will be made to the market by the end of the week.

So I think right now is a good time to top up, especially tomorrow as the DOW has just openned and is down about 120points, so may highlight some eakness tomorrow, and some oppurtunities. Will probably find a few people taking profits, but I think MCW should confirm a nice DIV in this announcement, and it should boost the SP another 10% at least.

good luck

 

[GumbyLearner]

Hi all, I contacted MCW today (15-06-09) and was advised an announcement will be made to the market by the end of the week.

So I think right now is a good time to top up, especially tomorrow as the DOW has just openned and is down about 120points, so may highlight some eakness tomorrow, and some oppurtunities. Will probably find a few people taking profits, but I think MCW should confirm a nice DIV in this announcement, and it should boost the SP another 10% at least.

good luck

Cheers I'm on the outside but it's great to "know" the inside running.

BLAH BLAH BLAH BLAH BLAH BLAH BLAH

 

[Tysonboss1]

Some one is buying up large parcels of this stock, every time there is a slight dip such as yesterday the enter the market with orders for in excess of 1M shares.

This is what has been pushing up the price from the lows of 14c, their current bid is 57c so we should open strongly from yesterdays close of 51c

 

[awg]

Has made good gains for me since I bought in recently at 44c

Came up as a Pair trade yesterday as a Short, entered & closed out the short CFD for a nice 1 day ( 7%) profit

Still holding the shares longer term

wish things like that would happen more often

 

[boff]

Hi all, I contacted MCW today (15-06-09) and was advised an announcement will be made to the market by the end of the week.

So I think right now is a good time to top up, especially tomorrow as the DOW has just openned and is down about 120points, so may highlight some eakness tomorrow, and some oppurtunities. Will probably find a few people taking profits, but I think MCW should confirm a nice DIV in this announcement, and it should boost the SP another 10% at least.

good luck

Hi DD,
Was today's announcement to the market the one you were expecting? No DIV, but strange the price drops on a re-financing announcement. I guess it is just following general, fairly gloomy market sentiment at the moment.
Cheers.

 

[Tysonboss1]

their current bid is 57c so we should open strongly from yesterdays close of 51c

Very strange, Those large bids seem to have been pulled just before opening. maybe I should have sold some stock after all. The main reason I bought this stock is for divs though and with an average buy price of less than a 20c I shouldn't be complaining, (yet)

 

[dirkdiggler444]

As there seems to be a bit of confuction with MCW, the distribution was confirmed in Monday afternoons newsletter, 4c for this half. I think 8% return at current SP for only a half year distribution is a great return.

I think the newsletter may have said something like "barring any unforseen circumstances", as like many trusts, the distrubutuion announcements seem to be treated like a guidance figure until the end of finacial year results are in, and they can then 100% confirm it. But it was re-stated as 4c per security in mondays newsletter. MCW info is buried in there amongst all the other Macquarie trust data, you have to have a read.

 

[Tysonboss1]

The markets response was very positive to MCW's announcement that they have signed a contract to sell 80% of their USA holdings over the next 2years for $1.3 Billion.

This deal has put MCW in very good shape with the sale bringing $220 million profit, and basically eliminating any refinancing risk.

While it will lower earnings per share due to the reduced rental income after the sale, MCW will soon be sitting on a pile of excess cash that they can use to boost earnings though new investment in the future.

I must say I am very happy with the stocks performance in recent months.

 

[awg]

The markets response was very positive to MCW's announcement that they have signed a contract to sell 80% of their USA holdings over the next 2years for $1.3 Billion.

This deal has put MCW in very good shape with the sale bringing $220 million profit, and basically eliminating any refinancing risk.

While it will lower earnings per share due to the reduced rental income after the sale, MCW will soon be sitting on a pile of excess cash that they can use to boost earnings though new investment in the future.

I must say I am very happy with the stocks performance in recent months.

Very well done Tyson, you have had the conviction to post on this one, so I am glad you are still holding

As there seems to be a bit of confuction with MCW, the distribution was confirmed in Monday afternoons newsletter, 4c for this half. I think 8% return at current SP for only a half year distribution is a great return.

Excellent, this was mainly a div play for me, at the time of purchase, as I got in later than Tyson, ( at 44c), but todays news should hopefully ensure the div.

 

[Helmie10]

So I decided to buy into shares earlier this year and MCW was one of them buying in during April. I understand the dividend is due tomorrow however i haven't filled out any of the paperwork they have sent to me.

Does anyone know what will happen to my dividend pay out?

 

[awg]

So I decided to buy into shares earlier this year and MCW was one of them buying in during April. I understand the dividend is due tomorrow however i haven't filled out any of the paperwork they have sent to me.

Does anyone know what will happen to my dividend pay out?

two things may happen

1) they will send the dividend by cheque

or 2) they hold your dividend till you provide direct credit details

ring the share registry, they will tell you

https://www.linkmarketservices.com.au/public/investors/login.html

 

[Tysonboss1]

So I decided to buy into shares earlier this year and MCW was one of them buying in during April. I understand the dividend is due tomorrow however i haven't filled out any of the paperwork they have sent to me.

Does anyone know what will happen to my dividend pay out?

you'll be charged with holding tax too. so make sure you claim it back at tax time.

It's been a good run, this stock has made my year. Where do people think it's heading from here. I am thinking about selling some.

 

[So_Cynical]

It's been a good run, this stock has made my year. Where do people think it's heading from here. I am thinking about selling some.

You still holding Tyson???

MCW - Macquarie Countrywide Trust has had a name and management change (even thou many of the old management decided to come over) to CQR - Charter Hall Retail REIT.

http://www.asx.com.au/asxpdf/20100415/pdf/31psf7fg5rgfnw.pdf

According to there recent half year (above) update, distribution guidance is between 4.9 to 5.5 cents per share, so at the current SP even the bottom end of the guidance is a healthy return of around 9.2% , looking at the chart over the last 10 months or so there would seem to be potential for the SP to get to the NAT of 0.72 or better over the short/mid term...even a more conservative target of 64 cents would seem to be only a matter of time. :dunno:
~

 

[nulla nulla]

I agree that the yield at the present share price level is very attractive for someone simply looking to park some spare funds. However, in my opinion the share price is likely to remain volitile for some time, until some real signs of recovery occur in the USA in respect of a lowering unemployment and an increase in home building/financing.
Macquarie Country Wide property portfolio is predominantly the smaller shopping malls the likes of which Westfield and Centro considered too small to invest in.

These malls have been hardest hit by shop vacancies and incentives to existing tennants due to the economic downturn and the resultant drop in retail spending by the US citizens.
However, when the US starts to show recovery in this area the share price will rise acordingly. In the meantime the share price is likely to rise and fall and provide some trading opportunities as well as lower entry prices for the investor looking to maximise their yield returns.

 

[robots]

hello,

they have sold a heap of the US properties though Nulla,

they held them far too long, also continued to sell aussie assets

pathetic that the staff have simply moved over to charter hall, yes i have told them

thankyou
robots