Current Price on 8th Nov 2010 = $0.30
- Current Yield = No yield
- Price-to-book Ratio = 0.578
- Assets per unit = $0.783
- Debt per unit = $0.264
- Gearing = 14.4%
- Secured NAV = $0.51
Indiabulls has reported its results on 22nd October 2010 with no dividend declared. However, the rest is still attractive with secured NAV at $0.51 (all loans are guaranteed by its parent) Occupancy is at 60% which I thought was quite good compared to its previous results.
I am not expecting much from this investment. Neither am I going to sell it as it is relatively small (about $1,500)... I will wait for it to stabilize and when they try to sell off their residential project before I make my assessment. Times are good and hope it gets better for India.