I havent analysed the results in depth but trust is in reasonable.
What you are seeing now is the redemption premium being erased hence the drop but the 10.4% running yield will be very attractive to many given the solid portfolio.
I expect this to hit 70 in the next few weeks on insto sell down... 11.4% yield at this price point. From there I will top up and ride this stock out until eventual redemption hopefully within 12-18months (which helps my CGT issue).
Personally, I am very happy with decision and see very minimal risk that ongoing distribution
will be stopped.
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MXG
multiplex group
I havent analysed the results in depth but trust is in...
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