based on page 2 of the full year reports it suggests that the debit to equity ratio is 43.57%. This would suggest to me that if you were to take the debit away from those assets the company would be left with 42.33 cents per share...last traded at 40 cents, which is about 5% down on its true asset value.
I'd welcome any input into the points raised.....
AHO
australian hotel fund
