I count $2.80 at current exchange rate of 77.4, being -
$2.78 NTA of the 18 properties
-$0.026 for earthquake damage
$0.026 for earnings for July to August
$0.02 (?) in specie distribution (made this up), look at note 5 in financials and the prov for distributin, the difference is a big chunk of the working capital balance, not much science here, very rubbery number that also takes into account wind up fees
Last at $2.54 this represents a 10.2% increase for a 2 to 3 month hold. Annualised 40%, which exceeds buffets long term returns. I like it, dyor
GJT Price at posting:
$2.54 Sentiment: Buy Disclosure: Held