For a rough comparison.... have a sticky beak at URF
ASX Code: URF US Masters Residential Property Fund
They are an aussie based REIT doing residential properties in the New York area... all older dwellings.
Only listed about 8 months back.... boring as can be... yet share price has only risen as mood in market and property has firmed.
-------------------
Yes it Industrial vs Commercial..... but URF's Net Tangible Asset base is approximately $1.40 per share.... and the URF share price is AHEAD of NTA.... trading at around $1.80 per share.
MIX has yet to catch up to NTA value.... let alone any new value added with the regular update of market valuation (which will more than likely rise a few percent).
Once divi's are given clarity.... say goodbye to this trading range. Can't see where they will be delayed any more than 6 months longer.
I would also be happy for a takeover offer from a random entity... or sale of all assets as has been discussed before.... with capital returned to holders. It is a tiny REIT after all... maybe time it was absorbed by some larger group.
This thread is so very very quiet.... has been for months... love it... has been a great chance to accumulate if HC is any reflection of market awareness to some of the great bargains on the ASX... like MIX.
----------------------
And yes... OZ$ dropping is a good thing for MIX... $1.03 today.
bsh
MIX Price at posting:
13.5¢ Sentiment: LT Buy Disclosure: Held