On 3rd of July 2019, sold 5000 shares of Ascott Residence Trust at $1.28 per share.
Net about $430+ profit from this sale.
Ascott share price keeps hovering around $1.1 range for a very long time and I don't understand the sudden price spike to $1.3 range this year, even with a decent quarterly result does not warrant such a increase in it share price.
Obviously, the merger news between Ascott Residence Trust and Ascendas Hospitality Trust had leaked way beforehand which propel it share price to $1.3 range.
After trading halt on Ascott had been lifted on 3rd of July, i sold all my holding immediately.
I intend to deploy the capital to other REIT when the opportunity arises.
Net about $430+ profit from this sale.
Ascott share price keeps hovering around $1.1 range for a very long time and I don't understand the sudden price spike to $1.3 range this year, even with a decent quarterly result does not warrant such a increase in it share price.
Obviously, the merger news between Ascott Residence Trust and Ascendas Hospitality Trust had leaked way beforehand which propel it share price to $1.3 range.
After trading halt on Ascott had been lifted on 3rd of July, i sold all my holding immediately.
I intend to deploy the capital to other REIT when the opportunity arises.
Comments
Post a Comment