Significant yield & NTA discount play!!

Looking at USR.ASX this looks a screaming buy imo.

- It pays a 6 cents p/a distribution (16% yield at current prices)

-  NTA looks to be around 75 cents after this recent rights issue.. which means approximately 40% discount to Book value...

- New directors all driven and completely aligned interests - Staermose has 1.25m shares and Hynes around half a million shares.

- has started selling some of the exisiting detached houses (all at fair value i.e. Book value) i.e. immediate cash to continue paying dividends.

- new strategy of Apartment complexes rather than holding single houses according to company will underpin the distribution of 6 cents p/a.

- New institutional investor CVC Ltd has 16% and a few other brokers now on the share registry I would suspect a closing of the NTA gap between current price of 46 cents and 75 cents to start closing up.

I found most of this stuff in this preso
http://www.asx.com.au/asxpdf/20161121/pdf/43d1nfbknk46bw.pdf