RAT 0.00% 0.9¢ rubicon america trust

(from Armytage Strategic Opportunities Fund newsletter)...This...

  1. 141 Posts.
    (from Armytage Strategic Opportunities Fund newsletter)...

    This Quarters Strategic Opportunity!

    Rubicon America Trust Group (RAT)
    Rubicon America Trust group (RAT) is a hybrid Property and Mortgage Trust (LPT) listed on the
    ASX since December 2005. It currently has a portfolio of 33 properties spread across 19 states in
    the US, plus it has recently added a portfolio of 34 mezzanine mortgages – these are mainly
    against commercial property. Whilst there have been some significant problems in the USA with
    sub-prime mortgages, it should be noted that the majority of the problems relate to low doc loans
    over single family residential property. This is not an area in which RAT mortgage portfolio has
    any exposure.

    ...


    geesh, so calm down already
 
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Currently unlisted public company.

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