LMIR @ $0.57

Buy @ $0.57. Yield @ 10.596%. Just announced results yesterday, DPU 2.2ct (for period 8-Aug-07 to 31-Mar-08) or annualised DPU 6.04ct. Earnings was lower than IPO forecast due to lower rentals (they had to lower it to retain some key tenants) but DPU was still 3% higher than IPO forecast due to lower expenses and perhaps creative acctg. Key risks are pure Indonesia assets and effects of possible world wide recession. 😉

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