Cambridge (CIT): Sold $0.52 , ROC 3.6%

Stuck for so long!

Round 2: ROC 3.6%, 362 days, B $0.49 S $0.52

Excluding total dividends collected at 8.5% yield


Round 1: ROC 19.5%, 347 days, B $0.455 S $0.545

CIT’s distributable income up 12.7% for FY2011

Total assets exceed S$1.1 billion


• NTA per unit rose to 62.0 cents from 60.7 cents in previous year

• Strong balance sheet and gearing ratio of 33.1% keep CIT poised for expansion opportunities

• CIT continues to enhance asset portfolio and kick-starts two built-to-suit development projects

• Starts off FY2012 with acquisition of 3C Toh Guan Road East, divestment of 7 Ubi Close and new 7-year pre-lease commitment from an anchor tenant at 88 International Road

Bought back Cambridge (CIT) at $0.51 (2)

Read? Bought back Cambridge (CIT) at $0.51

Someone asked me why I bought CIT? Good?

I last bought CIT at $0.455 and sold at $0.545. I bought back at $0.51 to subscribe for right issues and some excess at $0.429 which is lower than my last purchase price at $0.455.

So it is just simple Maths for me to do a fair deal. It has nothing to do with TA or FA.

Rights Issue will be offered on a 1-for-8 basis (fractional entitlements to be disregarded) at a price of S$0.429 per Rights Unit (the "Issue Price") which is at a 15.0% discount to the closing price of S$0.505 per Unit on the SGX-ST on 10 March 2011 and a 13.7% discount to TERP

Bought back Cambridge (CIT) at $0.51

Last sold at $0.545 so I got it back lower.


Round 1: ROC 19.5%, 362 days, B $0.455 S $0.545

Cambridge- Sold $0.545, ROC 19.5%

Use the money to buy Cambridge Diet?

Round 1: ROC 19.5%, 362 days, B $0.455 S $0.545

Cambridge - Got in @ $0.445

Add more CIT for passive income as it pays quarterly dividend.

This is part of Portfolio management strategy to include a stream of passive income in addition to active income from trading.