Is Rural Funds a buy?Based on a share price of $2.20, it’s trading on a FY20 forward distribution yield of 4.9%. This was a solid and dependable result. However, it’s trading at a premium of more than 25% to the underlying net asset value (NAV) per unit.
I think Rural Funds is one of the best options for reliable income on the ASX, but the current premium seems to be expensive for investors wanting strong total returns. I look forward to buying more on any material share price weakness.
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exactly the point I was making its NTA is like $1.75 and its trading at $2.20
Ann: Victorian cattle property acquisition, page-30
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$1.88 |
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| Open | High | Low | Value | Volume |
| $1.88 | $1.89 | $1.88 | $619.0K | 328.7K |
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| No. | Vol. | Price($) |
|---|---|---|
| 12 | 57184 | $1.88 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 6996 | 1 |
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