Saizen

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13 years 11 months ago - 13 years 11 months ago #3360 by erelation
Replied by erelation on topic Re:Saizen
Expect some interesting development coming up in the next 1-2 months..... 17 March 2010 - JPY 2.0 billion (S$30.8 million1) loan (the “Loan”) from a Japanese bank, Tokyo Star Bank Ltd (“Tokyo Star”) fully disbursed and drawn down on 18 March 2010.
The loans of YK Kokkei and YK Shingen,amounting to JPY 5.4 billion (S$82.3 million), were fully repaid in 2Q FY2010. Pursuant to an agreement between YK Keizan and its lender on 25 January 2010, JPY 950.0 million (S$14.5 million) of its loan was partially repaid in January 2010, with the balance of JPY 586.3 million (S$8.9million) to be repaid in April 2010. Save for the balance of this loan, which is expected to be be fully repaid with internal cash resources, Saizen REIT has no further loans maturing in FY2010. New Loan = $30.8 mil - YK Keizan $8.9 mil Balance Working Capital = 21.9 mil + internal cash flow.. The proceeds from the Loan will be deployed towards Saizen REIT’s working capital until such time when they are required for other purposes, including the refinancing of the loan of YK Shintoku (if such refinancing is possible). versus JPY 7.253 billion (S$110.6 million) loan of YK Shintoku,which the loan servicer is currently conducting a review of the properties in the YK Shintoku portfolio.
Last edit: 13 years 11 months ago by erelation.

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13 years 11 months ago #3369 by AK71
Replied by AK71 on topic Re:Saizen
Saizen REIT closed unchanged at 16.5c, a price it has maintained for the last three sessions. This is admirable if we notice how the counter has been subjected to some heavy selling which suggests that support is strong. The uptrend, though gentle, is quite obvious.

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13 years 11 months ago #3432 by AK71
Replied by AK71 on topic Re:Saizen

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13 years 10 months ago #3457 by erelation
Replied by erelation on topic Re:Saizen
Credit Suisse Securities (Europe) Limited brought 2.19million shares in Saizen Trust to bring its holding to 5.2112%.

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13 years 10 months ago #3539 by AK71
Replied by AK71 on topic Re:Saizen
After a short bout of profit taking, Saizen REIT formed a dragonfly doji on higher volume as price closed at 17.5c. MFI continues rising as the sell signal seen on the MACD was negated. B)

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13 years 10 months ago #3559 by AK71
Replied by AK71 on topic Re:Saizen
Initial resistance remains at 17.5c. Volumes on down days have been relatively lower and this suggests a strong underlying support. A retest of 18c is still very likely. The descending 100wMA is also at 18c and this is likely to be a strong resistance.

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