- Current Yield = 10.56%
- Price-to-book Ratio = 0.628
- Assets per unit = $0.236
- Debt per unit = $0.010 (including current liabilities)
- Gearing = 4%
- Secured NAV = $0.164 (115%)
Global Investment Limited is one of my anchor investment with slightly more than 400,000 shares worth about $56,000. I chose to invest heavily in this because of its high yield of 10.56%, zero debt, very low price-to-book ratio (37% discount) and a high secured NAV which is 115% of its trading price.
In February, they announce their scrip dividend issue which I have participated. For a total of 363,737 shares, I have obtained about 40,855 shares worth of dividend. If I divide 40855 by 363737, it translates to a yield of 11.5% which is much higher than the current yield. Thus, it became more favourable to me as a long-term investor with compound interest.
I continue to look at this investment with great interest and it is still likely that I will continue to invest in it although I am also wary not to be overly invested in one counter.
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