I think AEU will prove to be one of the best defensive stocks on the market during the down-turn. It is unlikely to get hammered as much as the overall market and will bounce back quicker. Bought some more today before Thursday’s 2.45 cent dividend.
- quarterly dividends, presently 10.7% pa
- secure income, rental from child-care centres with experienced operators
- debt gearing is 39% and dropping
- bank debt agreement in place for another two years
- well within debt covenants - property prices need to fall more than 25% before LVR covenant breached
- SP at 75% NTA
IMO, the risk/reward tradeoff on AEU is very good. If interest rates continue to drop then income from bank deposits also drop, but AEU earnings go up. Please do your own research.
I think AEU will prove to be one of the best defensive stocks on...
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