Buy @ $0.215. Results were out last evening. DPU = 0.51ct which is a bit lower than the Proforma Rights figures of DPU = 0.52ct. Annualised Yield = 9.488% with Gearing = 34% (will be reduce to 32.7% with the recent sale of one of their asset). Looks good for me to take a bet although market probably still have a lot of bad feelings about it's past legacy (used to be MI-REIT and there was an ugly episode during their last rights issue – highly destructive to shareholders' values and when Cambridge tried to wrestle control). Seller '84' – UBS. 😀
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