- Yield = 4.15%
- Price-to-book Ratio = 0.578
- Assets per unit = $0.216
- Debt per unit = Nil (including current liabilities)
Recently I am looking into AIMS Property which attracted my attention with its extremely low price-to-book ratio of 0.578. Moreover, they have cleared their debts which means you own everything without the risk of losing your money. Moreover (again), it has about $0.08 cash on hand. Compared it to their last traded price, it is about 60%.
Their distribution is very low at this point at 4.15% but I believe after going through so much in their reconfiguration of their portfolio it is time to invest and grow. However, we are still not very sure how it will come about. Looking at their track record of turning AIMSAMP Industrial Trust around, they do have the experience to turn it around and value add to the fund.
To me, this is going to be a friendly rival to Global Investment Limited which faced a similar situation earlier as well. Looks like it is time to raise cash and invest in this counter. (The only problem is its illiquidity which result it very wide buy-sell spread.)
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