AGJ 0.00% 3.0¢ agricultural land trust

best value areit ?

  1. 127 Posts.

    last trade 15cents
    NTA of 34cents
    ex div end of this month. not announced yet but should be 1 cent. would give it a yield of 13%
    Ofcoarse this is not risk free. it is wholely leased to Elders of which everyone knows is having some issues ATM. and with the downfall of managed forestry schemes. also liquidity is non existent.
    i believe when they announce div it will confirm their stability.
    look for SP above 20 cents in the very near term.
    anyone else follow this one?
    feel free to disagree with my comments
 
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Currently unlisted public company.

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