- Yield = 9.24%
- Price-to-book Ratio = 0.941
- Assets per unit = $1.821
- Debt per unit = $0.977 (including current liabilities)
- Gearing = 54.8%
Accordia Golf Trust is one which I recently bought and sold quickly due to change of strategy. They announce their results which seems promising but its share pricing drop quite a lot as well.
Their yield is quite high at 9.24% which is calculated based on the quarterly statistics of 1.79 cents. Moreover, the price-to-book ratio is still at a healthy 0.941 although its previous estimate was better (and much better). Its gearing is actually very high 54.8% which is at dangerous level.
I have mention that Japan is printing money so its interest rates will continue to be low but it also means that the asset values will get smaller because of the drop in Japanese Yen. Although I believe there will be a revaluation upwards, the recent revaluation actually show otherwise.
I am just glad that I managed to sell it off before the drop so I am saved by the prompt decision. I will wait until it goes XD before looking at this again.
Their yield is quite high at 9.24% which is calculated based on the quarterly statistics of 1.79 cents. Moreover, the price-to-book ratio is still at a healthy 0.941 although its previous estimate was better (and much better). Its gearing is actually very high 54.8% which is at dangerous level.
I have mention that Japan is printing money so its interest rates will continue to be low but it also means that the asset values will get smaller because of the drop in Japanese Yen. Although I believe there will be a revaluation upwards, the recent revaluation actually show otherwise.
I am just glad that I managed to sell it off before the drop so I am saved by the prompt decision. I will wait until it goes XD before looking at this again.
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