Sell @ $0.73
Sell at a loss… but after DPU = 2.75ct for 2H (Mar-16), a tiny profit… Hit a hi of $0.74 after I sold… No more left… again… 😀
This batch was bought on high expectation of an Offer for their assets succeeding, with RNAV = $0.86… However, the mgmt decided on No Go, likely cos' Offer must have been closer to previous NAV = $0.72…
This Q is a non-DPU paying Q and I'm expecting DPU to weaken further as Revenue is 67.7% Australia (54.5% NPI) and the A$ was 2.8% weaker for the Q (altho' they may hv hedged it). This may be partially balanced by better Japan (16.1% Rev, 21.3% NPI) & Singapore (7.4% Rev, 16.1% NPI) results. Further, the Yield for the last 2H's were supported by Divestment Gain 0f $0.6m – $0.7m (with this H to be the last one, another $0.7m). Strip that out, the Yield is closer to 7%…. Not good enough for me, ATM…