Current Price on 30th July 2010 = $0.485
- Current Yield = 8.58%
- Price-to-book Ratio = 0.591
- Assets per unit = $1.100
- Debt per unit = $0.271 (Interest Rate at 7.7%)
- Gearing = 10.24%
Contrary to what I have analyzed, LMIR seems to lose its attractiveness. Its decrease in distribution shows its instability to achieve stable returns. Moreover, the interest rate is at a staggering 7.7%. Thus, the only attractiveness is only in its price-to-book ratio which represents a significant discount to its NAV. The current yield is still 8.58% which is attractive but unstable. I still have 10,000 shares and will be holding on to it, but I will be looking closely, just in case I need to dispose it immediately.
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