Current Price on 11th Sept 2011 = $0.205 ($1.025 after consolidation)
- Current Yield = 10.34%
- Price-to-book Ratio = 0.75
- Assets per unit = $0.465 ($2.325 after consolidation)
- Debt per unit = $0.191 (including current liabilities) ($0.955 after consolidation)
- Gearing = 41.2%
- Credit Rating = Ba2
A series of news has dragged down the REITs sector which presents opportunities according to my personal opinion. Recently, AIMS AMP Capital REIT has announced a consolidation which should improve trading spread. This would allow a better reflection of the market price of this REIT.
A note to make: I thought that the interest rates for loans would be higher but with the recent news from US, it seems that it is going lower instead. This should be good news and AIMS AMP REIT should work on refinancing to take advantage of this opportunity to reduce interest payments. Just hope that they do so...
With 70,000 shares on hand (14,000 shares after adjustments), this is one of my anchor investments. 10+% yield is good enough for me.
A note to make: I thought that the interest rates for loans would be higher but with the recent news from US, it seems that it is going lower instead. This should be good news and AIMS AMP REIT should work on refinancing to take advantage of this opportunity to reduce interest payments. Just hope that they do so...
With 70,000 shares on hand (14,000 shares after adjustments), this is one of my anchor investments. 10+% yield is good enough for me.
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