- Yield = 9.59%
- Price-to-book Ratio = 0.961
- Assets per unit = $1.176
- Debt per unit = $0.547 (including current liabilities and perp securities)
- Gearing = 46.5%
- Secured NAV = $0.629 (104% of trading price)
The yield has increased to 9.59% which is very high, probably the highest in the market right now. Moreover, their price to book ratio is at 0.961 which means we are still buying at a discount although it is a small one. Gearing is at a high of 46.5% only because I have placed perpetual securities under debts instead of equity. It is still high so the risk is there.
It is a pleasant surprise because it is not easy to get such a yield now with reasonable margin of safety aka trading at discount to NAV. I am already holding on to 100,000 shares here, getting myself $1,450 as dividends in this cycle. I think it is great and I am considering adding more into my current portfolio.
have some holdings and watching and unsure whether to hold or add on. Thanks for your post on itReplyDelete