Current Price on 3rd Mar 2011 = $0.21
- Current Yield = 9.71%
- Price-to-book Ratio = 0.787
- Assets per unit = $0.412
- Debt per unit = $0.145
- Gearing = 35.2%
The situation in Middle East has dampen the mood of investments recently with REITs moving south. Especially for AIMSAMP REIT. It has reached $0.20 at a point this week. Its acquisition and recent private placement is not favouring existing unitholders. Personally I am disappointed.
Price has dropped to $0.20 before moving up to between $0.205 - $0.21. I believe that the entry point now is at $0.20 which gives about 25% discount to current NAV and 10% yield. It is also the support price which I think should not drop further.
I am also waiting for it to move up to NAV price (which it has not reached before) which is also my offloading price. For my current holdings, First REIT has reached before but has since fallen back again. I thought that this has further affirm my thoughts although I lost the chance to offload them at NAV price. For AIMSAMP REIT, I will not hesitate to offload it once it reaches NAV price.
"Its acquisition and recent private placement is not favouring existing unitholders. Personally I am disappointed."ReplyDelete
Got to watch closely. Especially when they have a valuation report. I wonder why the valuation and its yield differ so much for different REITs.ReplyDelete