Yield is at 9.3% which fulfill my 8% yield criteria which is good, Price-to-book ratio is at 0.887 which means we are buying at 11% discount for this portfolio of properties. Just note that they are all Indonesia-based where the exchange rate fluctuates so the NAV also fluctuates. Gearing is at high of 47.0% which to me, has room to be brought down.
LMIR has a put option which I think they may choose not to exercise as the selling of the property to pay debt does not seem to be a good choice (infer from their announcements). They are trying to extend the put option so that the necessary admin procedure can be done in due course. Well, let's see what they do and react from there but there is one thing that I know. Price is not going to go up very much.
I am vested with 30,000 shares which I am still holding on. I bought at a high price so sitting at a paper loss but I am thinking of selling it. Seems too unstable for comfort.