Friday, 29 April 2011

CIT 2011 Q1

The results doesn't look good at all.

Some numbers:

Annualised DPU of 4.06c  - 7.96% at 0.51c closing price.

Gearing is 33.3%

The announcement in this link below is even more interesting. 


http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_1F4239C50DC9FDB448257880003CEDDC/$file/110428SGXCITGrossRentalClarification.pdf?openelement

I think its time to move on.

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