Which one is better value at current prices?VPG has, per its...

Which one is better value at current prices?

VPG has, per its 2008 annual report, NTA of 95c/share, NAV of 1.3$,gearing of 33%, and look-through gearing of 39% as at 30/6/2008. (These numbers are based on 95% asset revaluation at June 08 and before recent sales.)

Annual report presentation.
http://www.asx.com.au/asxpdf/20080826/pdf/31bwy3s62y939q.pdf
Page 4.

Page 15 of the report shows the Financial Position Summary.

Total assets $3,756M
NTA 95c
NAV $1.30.
Debt drawn down $1.311M.
Interest Cover 2.7x
---------

Whilst it is noted (page 8) that
a. most of its AUM and revenue is from Europe, with only 36% from Asia Pacific, and
b.its assets are mostly commercial and industrial properties which are more susceptible to economic downturn.

The current share price of 6.1 cents represents a far oversold level.

Its debt profile (page 17) seems to be healthy under the current environment with low level of debt (mostly short-term asset backed revolver) due in 2009.

Can anyone share some light on more detailed analysis of the company?

Thanks, L