Its worth a try but an nta is market sensitive so I don't think they will disclose it to an individual The best we could hope for is some sort of guideline on when divvies could be expected to flow again. Just a rough expectatioinal guide will suffice, .... this year, next year or when. Personally I don't think we will hear anything until the last group of houses are sold and the transition to multifamily dwellings is bedded down. The company is quick off the mark with presentations and announcements when funds are needed, but not in this instance where shareholders are in the dark as to whats happening with their investment returns.
The one thing that I still don't get is how the company floated at $1, used the proceeds to buy houses when there was a degree of financial doom and gloom in the US so prices were depressed, since then valuations have increased plus income from rental, good dividends paid out, and the share price continually fell to mid 40s or at least to mid 50s before the capital raise at 45c. Totally beats me, I don't get it. Last NTA if I recall correctly was 75c per share. Frankly you would almost wonder why, if wanting to return value to shareholders, the company does not liquidate everything and return the 75c to investors
USR Price at posting:
42.5¢ Sentiment: Hold Disclosure: Held
