- Yield = 8.28%
- Price-to-book Ratio = 0.72
- Assets per unit = $0.204
- Debt per unit = $0.003 (including current liabilities)
- Gearing = 1.3%
- Secured NAV = $0.201 (138% of trading price)
Global Investment Limited has recently gave a report and an announcement. Their distribution has remained at 0.6 cents per half year and they have just XDed as well. Here is the analysis.
With a yield of 8.28%, it is still one of the highest yielding investment holding companies which I rank it with REITs and business trusts. Their NAV increased to $0.201 which is 138% of their trading price. It is also their secured NAV. It means we are buying at 28% discount and the value is almost secured (from retail investor's perspective.)
Well, ever since they announce that their distribution is lowering, their price has maintained. In fact, three months ago when I wrote about it, the price is the same. It shows that this is very stable and it gives me a good return of 8%p.a. and it has been like this for a long time.
I am holding on over 1 million shares, gaining about $6,600 worth of dividends in this round. I am converting them into shares (aka taking scrip dividend) so it works like compounding interest. And it has been like this ever since I invested in it about four to five years ago. Only when I need the money then I sell and withdraw which so far has not happened.
With a yield of 8.28%, it is still one of the highest yielding investment holding companies which I rank it with REITs and business trusts. Their NAV increased to $0.201 which is 138% of their trading price. It is also their secured NAV. It means we are buying at 28% discount and the value is almost secured (from retail investor's perspective.)
Well, ever since they announce that their distribution is lowering, their price has maintained. In fact, three months ago when I wrote about it, the price is the same. It shows that this is very stable and it gives me a good return of 8%p.a. and it has been like this for a long time.
I am holding on over 1 million shares, gaining about $6,600 worth of dividends in this round. I am converting them into shares (aka taking scrip dividend) so it works like compounding interest. And it has been like this ever since I invested in it about four to five years ago. Only when I need the money then I sell and withdraw which so far has not happened.
No comments:
Post a Comment