AJA 0.00% $7.23 astro japan property group

Cashflow? I will have a go but my info and or understanding may...

  1. 14 Posts.
    Cashflow? I will have a go but my info and or understanding may be wrong so treat with caution. If wrong please post your view.

    Earnings/Share. See p28 of Media Presentation ASX 24/2/12

    All data Aust Dollar and for 6 mths

    EPS 31.7 Profit $18.5m

    Without JPTD/A EPS 23.2 Profit $13.6m

    10 properties ex JPTD/A worth $213m net cash flow $6.25m (1/2 of $12.5m)

    Settlement Amt $154m Assuming interest at 2.37% = $1.83m

    Profit on 10 properties = $4.4m

    Therefore profit = $18m EPS 30.8

    This assumes all of $154m is borrowed. This will not be the case as an equity raising is proposed but the above gives a reasonable indication of earnings/cashflow.

    The outlook for both capital value and earnings with the settlement proposed is very positive.

    The lower LTV and stabilization of property prices should result in a much higher AJA share price in the near future.

 
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