AJA 0.00% $7.23 astro japan property group

AJA is underrated, page-7

  1. 758 Posts.
    lightbulb Created with Sketch. 33
    Watching people run for gold as it flies. No one is running for this stock even as the jpy flies.....yet. 78.50 as we speak. I was a bit concerned about the auditor resigning a few months back but spoke to the CFO today and he confirmed it was them getting a cheaper one. He would not give much away re other questions but sounded quietly confident with the way the co is performing.

    The half yearly results will show an increased nta at 31/12/15 (and it will be even much higher today).
    More valuations have been done on the properties and I'm hoping for an added bump from increased valuations.
    Will also be watching new vacancies vs new tenancies and renewals.
    How much cash have they built up and will they be buying back more shares? Makes sense when such a high discount to nta.

    Anyone concerned of currency risk can lock in some insurance by selling jpy and buying aud through cfds. It does look like a higher chance the jpy will keep strengthening. The trend is your friend.

    My biggest holding of all stocks. Great value imo.

    I think the odds for a takeover offer in the next 12 months are very good.
 
watchlist Created with Sketch. Add AJA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.