re: Ann: Underwritten Equity Raising of A$23....
Here we go, almost half of our recent distribution wiped out by SP drop.
One would assume that paying down the debt should reduce the interest payment, leaving more cash for distributions.
Also, it is now widely anticipated that than yen value is likely to fall against US dollar. If Ausie can maintain parity, then the rents collected should be worth more Ausie dollars, again suporting higher distribution.
Against this will be net cost of any repairs AJA will have to carry out in order to restore properties to good condition.
Until the estimates are in, this is gray area.
In any case, the sentiment of any potential new investors is likely to be negative for some time IMO.
AJA Price at posting:
$3.10 Sentiment: Hold Disclosure: Held