- Yield = 10.92%
- Price-to-book Ratio = 0.694
- Assets per unit = $1.905
- Debt per unit = $1.048 (including current liabilities)
- Gearing = 55.0%
I haven't write about Asian Pay Television Trust for a while. Ever since my last post, their price have moved up by about 40% which is good for me as I am vested with 200,000 shares. Let's take a look at the statistics.
With a yield of 10.92%, it is by far the highest yielding trust on SGX. This is more so especially when Global Investment Limited reduced their payout from 0.75 cents to 0.6 cents per half-year and Accordia Golf Trust also downsize their dividends due to some one-off reasons. Moreover, it has a price-to-book ratio of 0.694 which means we are buying at a 30% discount. Its gearing is a concern as it is at 55% which can be quite dangerous.
Their statistics has been like this for a while and they have ride the wave to move their price up by quite a lot and I have benefitted from it a lot as well. It also gives me a quarterly income of $3250 until end 2018 which is very good for me.
Nevertheless, the price is, in my opinion, quite high already and we shouldn't be expecting any capital appreciation. I am holding on and enjoying the dividend. A point to note is I won't be adding more as I am already heavily vested in it.
With a yield of 10.92%, it is by far the highest yielding trust on SGX. This is more so especially when Global Investment Limited reduced their payout from 0.75 cents to 0.6 cents per half-year and Accordia Golf Trust also downsize their dividends due to some one-off reasons. Moreover, it has a price-to-book ratio of 0.694 which means we are buying at a 30% discount. Its gearing is a concern as it is at 55% which can be quite dangerous.
Their statistics has been like this for a while and they have ride the wave to move their price up by quite a lot and I have benefitted from it a lot as well. It also gives me a quarterly income of $3250 until end 2018 which is very good for me.
Nevertheless, the price is, in my opinion, quite high already and we shouldn't be expecting any capital appreciation. I am holding on and enjoying the dividend. A point to note is I won't be adding more as I am already heavily vested in it.
The good news is FY18 DPU guidance is still 6.5c. This guidance is likely to fulfil as the capex is reducing in FY18.
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