The current share price is way way below NTA and is where it is because of a total lack of information from management about when the dividends will commence flowing again. Its not that the company is not earning, the issue is the transition from owning/selling the US houses which has been a reasonable earner to now multi- apartment ownership/ leasing which appears a good deal and bringing in sustainable income. Either way, the company is pulling in money. We urgently need some form of commitment or indication from management as to when we can expect the divvies to flow again. Mention has been made of a possible cash return this year based on a NTA upgrade, that's all very well, but we want is a return to dividend payouts. The SP is just ludicrous at the moment. I would like to see some directors put their hand in their pocket and buy some shares at current prices to improve market sentiment. I just have. USR is not a stock where shareholders look to make capital gains, its a Trust, and therefore investors are in it for the sustained divvies. C'mon management, no more pretty investor update announcements, we want an announcement advising when we can expect to see the income flowing into our pockets once again.
USR Price at posting:
41.0¢ Sentiment: Hold Disclosure: Held
