- Price = $0.205 (TERP based on $0.22)
- Yield = 10.15%
- Price to book ratio = 0.789
- Asset per unit = $0.401
- Debt per unit = $0.141
- Gearing = 35.2%
This is a yield-accretive acquisition which increases the yield to 10.15% according to current price of $0.22. The only drawback is that there is no more secured NAV as it is used as a collateral to a $280M loan.
According to my criteria, AIMSAMP Capital REIT still fits nicely with low gearing, high yield, discounted price-to-book ratio. I felt that it is time to invest in AIMSAMP Capital REIT so I have made an investment of 25,000 shares today. Moreover, I will subscribe to its rights issue and hopefully be able to subscribe to some excess units.
Looking at my current portfolio, I might have over-diversified. Therefore, I am looking at consolidating my portfolio within the next 6 months. Of course, if you have some advice, please do let me know and we can discuss about it. Many thanks in advance.