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15-07-2009, 12:02 PM
#501
Member
Those are really solid numbers ... could be worth a flutter!
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15-07-2009, 12:15 PM
#502
Originally Posted by The Great Gold Guru
Those are really solid numbers ... could be worth a flutter!
But ....debt, debt, debt, debt..........it's so out of line with the other listed trusts, that if they have to reduce leverage (and they will one day) they'll get walloped. As CEO says selling buildings to repay debt leaves them worse off profit wise - and raising capital will be impossible at current debt levels. I don't see dividends staying up for too long, although they predict them holding for next year.
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18-07-2009, 03:07 PM
#503
Interesting article
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02-08-2009, 06:47 PM
#504
I haven't gone back too far on this thread (as things change), but a quick look at a few of these gives approximate figures of;
GMT @.99 a 10% div and a 5% discount to NTA
KIP @ .99 a 8% div and a 25% discount to NTA
ING @.69 a 11% div and a 40% discount to NTA
APT @.77 a 9% div and a 43% discount to NTA
I have MFL units from a long time ago - which if I'm right is basically ING Prop? If so I probably don't need more exposure there. However, I've always been keen on KIP and APT, just never bought any as I've usually not had any spare money. However, I have had some finance company money repaid (yes, there are still some that haven't collapsed!) and thought either APT or KPI, or a mix wouldn't be a bad way to go for a reasonably steady (if somewhat unexciting) income/investment.
Any particular reasons not to at present?
Thanks.
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02-08-2009, 07:35 PM
#505
Originally Posted by Grimy
I haven't gone back too far on this thread (as things change), but a quick look at a few of these gives approximate figures of;
GMT @.99 a 10% div and a 5% discount to NTA
KIP @ .99 a 8% div and a 25% discount to NTA
ING @.69 a 11% div and a 40% discount to NTA
APT @.77 a 9% div and a 43% discount to NTA
I have MFL units from a long time ago - which if I'm right is basically ING Prop? If so I probably don't need more exposure there. However, I've always been keen on KIP and APT, just never bought any as I've usually not had any spare money. However, I have had some finance company money repaid (yes, there are still some that haven't collapsed!) and thought either APT or KPI, or a mix wouldn't be a bad way to go for a reasonably steady (if somewhat unexciting) income/investment.
Any particular reasons not to at present?
Thanks.
Don't overolok the fact these are pie returns - no need to include in tax return . And don't forget about KPF. Far too cheap.
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02-08-2009, 07:57 PM
#506
Originally Posted by funguspudding
Don't overolok the fact these are pie returns - no need to include in tax return . And don't forget about KPF. Far too cheap.
With not many properties and the occupancy rate and length of leases I'm just a little uncomfortable on this one. Discount is certainly impressive though. But think I'd sleep better with one of the larger funds.
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11-08-2009, 12:27 PM
#507
ING Directors
YO F/Pud...
You are for a Directorship this time around ??
Two spots going
Cheers BB
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11-08-2009, 01:04 PM
#508
Originally Posted by Billy Boy
YO F/Pud...
You are for a Directorship this time around ??
Two spots going
Cheers BB
Sorry, no can do. I'd like to be a director, but unfortunately my suit has shrunk while hanging in the wardrobe.
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11-08-2009, 01:46 PM
#509
Kip.. $1.00..
Well the KIP made it to the $1.00 up from 90 cents this little stock has been a good BET..
WHO missed.. out..
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11-08-2009, 07:45 PM
#510
Originally Posted by BRICKS
Well the KIP made it to the $1.00 up from 90 cents this little stock has been a good BET..
WHO missed.. out..
Me, went with APT who are also going in the right direction though.
Still watching KIP for any dip.
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