ALZ 0.00% $4.46 australand property group

Ann: Appendix 4E , page-2

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  1. 2,762 Posts.
    My opinion of the results:

    - steady as she goes, conservative approach.
    - 4.1c div 2010.
    - NTA .68, you'd have to think likely bottomed out.
    - at 45c sp, 9.1% yield, but remember the company div is still suspended. Rents locked in to CPI growth.
    - valuation should be above NTA imo, so should be safe to let nature take it's course from here.

    selloff unjustifed, well oversold. imo. :)
 
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