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  1. #1
    Senior Member
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    Default August capital limited

    Has anyone followed this company at all?
    Most of their properties are tenanted by big names, such as, asb, countdown, bunmings and etc.
    Value on the properties alone excluding returns is at 100mil, market cap is currently 67 mil, providing a 5% divi.
    Do ppl see value in this?

  2. #2
    Guru
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    Default

    Do you mean Augusta?

  3. #3
    Senior Member
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    Default

    Quote Originally Posted by 777 View Post
    Do you mean Augusta?
    Yes triple 7, augusta, my bad!

  4. #4
    Legend peat's Avatar
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    Default

    beware the Francis touch.
    For clarity, nothing I say is advice....

  5. #5
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    Default

    Quote Originally Posted by peat View Post
    beware the Francis touch.
    He has a reputation?
    No advice here. Just banter. DYOR

  6. #6
    Legend peat's Avatar
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    Default

    his Dad was director of Chase Corp.

    In case you've never heard of them...

    From Wikipedia
    "Launching itself as a publicly listed company in April 1983, Chase Corp's share price rose to a high of $10.40 by June 1987 with an estimated value of NZ$3.6 billion.

    On 4 July 1989, the NZ Government appointed statutory managers to run the NZ property interests of Chase Corp."

  7. #7
    Guru
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    Default

    There was an article about the company in yesterday's Sunday Star Times.

  8. #8
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    Default

    Google Brian Gaynor's opinion on property syndicates. There are much better investments.

  9. #9
    Banned
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    Jul 2012
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    Default

    Augusta's latest property syndicate offers relatively attractive returns but investors should think carefully about its upfront costs.

    http://www.interest.co.nz/property/83990/augustas-latest-property-syndicate-offers-relatively-attractive-returns-investors

  10. #10
    ShareTrader Legend Beagle's Avatar
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    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

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