AJA 0.00% $7.23 astro japan property group

Ann: Underwritten Equity Raising of A$23.6 millio, page-13

  1. 152 Posts.
    re: Ann: Underwritten Equity Raising of A$23.... cacoa.........are't you being a bit negative? Why did you expect such a big fall? Capital raising done at 3.09 which should help to put a floor under the price, buildings in Tokyo would have been earthquake built...next dividend expected to be 20c as notified by the company, making 45c for the year which on 3.10 is 14.5%..the horrendous damage and tsunami occurred to the north of the island, some couple of a hundred kilometres away. I bought more today at 3.09 and will hope for the best. Of course economic woes could be a problem for Japan with the loss of power etc, but the main area of damage was not industrial. This is my take on the situation so you should DYOR and not treat this as investment advice. E1
 
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