New Moelis note - $1.96 price target, NAV of $2+, page-4

First 4 Last

Share
Profile

Follow
gosouth

3,055 Posts.

150

17/08/16

14:13

Post #: 18539390
Share

Originally posted by rodin ↑

http://www.**promotion blocked**.au...-small-caps-with-huge-dividends-to-buy-today/

Elanor Investors Group (ASX: ENN) is also a fund manager but operates in the property sector, with a particular emphasis on tourism and retail. The group invests its own capital as well as that of others, usually in its managed funds alongside its clients.

Elanor expects to deliver core EPS of 16.2 cents in 2016, up 14.8% on 2015 and a total distribution of 14.6 cents, up 22.7% from a year earlier. This implies a PER of 13.1 and a terrific dividend yield of 6.9% at current prices.

The company recently raised $30 million of equity and will use the proceeds to launch an ASX listed real estate investment trust (REIT) and a private commercial property fund. It intends to retain a holding of 15% in both funds and hopes to earn at least double-digit returns for shareholders from management fees and its share of distributions.

Elanor owns a valuable property in Merrylands Sydney, with planning permission for 540 apartments and a substantial area of retail space which it has recently put up for sale. It was acquired in July 2014 as part of the John Cootes furniture chain and is valued at $16.3 million in Elanor’s accounts. However, the sale price is likely to be much higher than its book value and so the company expects to realise an “outstanding profit” on the property.

Expand

One would be throwing away free money to not take up the SPP.
Even if the intent is to immediately sell
Gosouth

ENN Price at posting: $2.13 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

VBX Ltd jumps 15% on ASX debut as newest Oz bauxite player

MEM

Many are concerned about global falling birthrates. This diverse stock has solutions

RCE

Recce locks in $30M to boost commercialisation across ASEAN region

ASX Market Close: Bourse spins in circles as Israel-Iran conflict weighs | June 17, 2025

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

First 4 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 82.0¢		Change 0.000(0.00%)		Mkt cap ! $124.8M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

New Moelis note - $1.96 price target, NAV of $2+, page-4

VBX Ltd jumps 15% on ASX debut as newest Oz bauxite player

Many are concerned about global falling birthrates. This diverse stock has solutions

Recce locks in $30M to boost commercialisation across ASEAN region

ASX Market Close: Bourse spins in circles as Israel-Iran conflict weighs | June 17, 2025

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Featured News

Featured News

New Moelis note - $1.96 price target, NAV of $2+, page-4

Top Stories

VBX Ltd jumps 15% on ASX debut as newest Oz bauxite player

Many are concerned about global falling birthrates. This diverse stock has solutions

Recce locks in $30M to boost commercialisation across ASEAN region

ASX Market Close: Bourse spins in circles as Israel-Iran conflict weighs | June 17, 2025

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Featured News

Featured News