VWmanYou are on a winner here.For a rough comparison.... have a...

VWman

You are on a winner here.

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.

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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.

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And yes... OZ$ dropping is a good thing for MIX... $1.03 today.


bsh