Thanks for the input joewolf. So you are saying that returns can go up to 4c/unit because of capital freed up from the DMF model allowing purchase of more assets?
Makes sense to me. But what about the next results which are due in a few months? It's safe to say there will be no significant contribution from new assets in these results so does around 1c appear reasonable for these results?
Assuming that is reasonable, it follows that earnings will grow as more investments are made under good management. It's just very difficult to see exactly how much.
But if NAV is 35c and 4c/unit is the target for sustaining a valuation of 35c by PE, and 4c is considered achievable, then 35c seems a good target price for INA.
INA Price at posting:
18.1¢ Sentiment: Buy Disclosure: Held
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