- Yield = 9.13%
- Price-to-book Ratio = 0.795
- Assets per unit = $1.541
- Debt per unit = $0.66 (including current liabilities)
- Gearing = 42.3%
The current yield is at 9.13% which is extremely high. Only LMIR has a higher yield but it is based in Indonesia while Eagle Hospitality Trust is at the United States. Moreover, its price-to-book ratio is at 0.795 which means we are buying at a 20% discount which is also attractive. Gearing is at 42.3% which is quite high actually.
I subscribed 5,000 shares through IPO which I regretted because I did not really look at the news relating to this IPO. However, after the price drop, I thought that it is attractive enough so I bought another 30,000 shares at $0.705. It is still at this price but I am a long-term investor so, with this price which I thought was fair, I will be enjoying the dividends that they are giving out.
what do u think of the Queen Mary asset?ReplyDelete
Income generating or time bomb.