Asset Plus (APL)

[JohnnyTheHorse]

6.5% gross at current price and a substantial discount to NTA. Trades at a discount due to it's smaller size (less diversification) and development risk. With the way property prices are going I expect to see this discount shrink.

[Nigel]

Most stocks in my portfolio got hammered in March 2020 and then recovered. However, APL is still way down on its pre-COVID levels. As mentioend above, it is at a massive discount to NTA, and it has approvals and tenants in place for its flagship Albany development. Yes, a bit riskier than ARG/GMT/PCT etc due to its smaller size, but well worth a look at these levels.

[Ltw]

APL got the fire stoked this morning.

[Jamie]

7/30 = 23.33%

[klid]

But Taco Bell is coming

[nztx]

Name change after this ? .. perhaps 'Asset Minus One' ?

[HKG2301]

Most stocks in my portfolio got hammered in March 2020 and then recovered. However, APL is still way down on its pre-COVID levels. As mentioend above, it is at a massive discount to NTA, and it has approvals and tenants in place for its flagship Albany development. Yes, a bit riskier than ARG/GMT/PCT etc due to its smaller size, but well worth a look at these levels.

I agree, but reckon there's a fair overhang of shares yet to be sold by investors who bought into the retail entitlement offer at $0.30 in October and will want to take profits on at least some of them. I unloaded quite a few at $0.36 and $0.375 last month to cover, and expect many others will be doing the same.

As that offer-induced selling pressure dies back, I expect the SP will slowly but surely creep back to the $0.40 level later this year. Hopefully higher?

[Discl: I still retain a sizable holding.]

[Grimy]

I'd be more than happy with a creep up to $1...........

[Nigel]

Let's start with reaching net tangible asset level, 51 cents.

[Getty]

And following sale of Eastgate, NTA will be 44c.