NTA up tick
$7.15 as at 30/12/16 At current fx rate of 80.26 $7.84
Property valuations increased- tick
$10.6M gain through revaluations
Net property income increased- tick
Increased in Retail, office and residential space
Occupancy increase- tick
Gone from 97.3% to 97.5%
Dividend increase- tick
18c for half year and forecast 18c for next 6 months
The company has approx $50M net cash after paying out dividend which it looks like will be used for buying more strategic assets and buying back shares.
IMO- A great stock for those who are patient and like making money.
AJA Price at posting:
$5.60 Sentiment: Buy Disclosure: Held