Understand your point, but at current prices an entry at $1.05 gives a yield of 10.8%, plus SP growth to at least its recent highs of 1.17.
RAT RUBICON AMERICA TRUST Overnight Price: $1.05 Credit Suisse rates RAT as Upgrade to Outperform from Neutral - Target $1.15 (was $1.19). The broker's upgrade reflects its forecast of a total return over the next 12 months of more than 20%. It is positive on the stock despite the stronger Australian dollar, which has cut around 3% from its estimated net asset value since the start of the year.
also out today
Target price is $1.15 Current Price is $1.05 Difference:$0.10 - (brackets indicate current price is over target). If RAT meets the Credit Suisse target it will return approximately 10% (excluding dividends, fees and charges - negative figures indicate an expected loss).
The company's fiscal year ends in June. Credit Suisse forecasts a full year FY07 dividend of 11.80 cents and EPS of 7.30 cents. At the last closing share price the estimated dividend yield is 11.24%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.38.
RAT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held