Tix - Tixda

[stones]

Can someone please enlighten me to what is happening with the above stock. Overnight the ticker appears to have changed to Tixda and risen from 51.5cps to 212cps. I have looked far and wide but can see no notification etc.

[Snow Leopard]

Consolidated a week ago and is now trading on a deferred settlement basis which is what the 'DA' in 'TIXDA' refers to.

In another week when normal trading recommences it will just be plain old 'TIX' once again.

I guess the idea is to slow down someone selling all 2000 of their shares when they now only have 500.

Best Wishes
Paper Tiger

[stones]

Thanks for that. Haven't experienced this myself. I'll try to look further and wider next time.

[Joshuatree]

Yes 1 for 4 consolidation. At current s/p on a re 8.65% div or more if converted to NZ $.

[Joshuatree]

TIX into the ASX 300 .Nice rise last few days.

[mark100]

Yeah I first bought a few at $2.07 and then added earlier this week as the sellers thinned out. Trading on a pretty good yield compared with other property plays. I won't be a long term holder though, just a trade for me

[Joshuatree]

Recent presentation "What sets TIX apart from its peers?
Quarterly divs at a yield which is highest across its trading peers at 9.1%

dedicated fund manager with all senior management having an industrial pedigree. (Im sure its the only pure Industry prop stock out there)

Disciplined approach and aligned interests and no conflicting products

Well capitalized manager (360 capital group Asx TGP

Small nimble and experienced team providing SPEED and EXECUTION SURETY

Clearly defined and achievable strategy with no FUM targets

Diversified portfolio by number of assets geographic location and tenant exposure

Over $100 millionof portfolio is < 4 years old

Simple transparent structure with defensive characteristics, no development risk or offshore exposure

Now has ASX 300 inclusion

_____________________

Debt is higher compared with peers , re45% but lower then Cromwell.

[Joshuatree]

Valuers have been appointed and draft numbers are indicating an overall uplift to the portfolio of approx $27 million or 8% on prior book values which will, subject to final valn reports translate into pro forma NTA uplift in the order of approx 28cents on the previous reported NTA of $1.94 per unit taking the pro-forma NTA to circa $2.22 per unit.

S/P so far $2.19 up 5 c


The pro forma LVR gearing will reduce to approx 42%. As this will be below 45% the fund will benefit from a 15 basis point reduction in margin

[Joshuatree]

4.65c quarterly div give re 8.6% at $2.17 ( ex div near its high). happy chappy.

[Joshuatree]

Total return 36% from Dec 2012 to March 2014
2 earnings upgrades last 9 months