Dear Friends, Cyberfriends, fiends, rampers and rappers.In all...

Dear Friends, Cyberfriends, fiends, rampers and rappers.

In all the stress of the rollercoaster ride in the land of the deepfried chillidog and here on the ASX. A share listed amongst the gunsmoke. Other headlines like "Black Friday", "Doomsday" etc etc blah blah robbed a little aussie battler of some deserved attention. Let me introduce PTN - Prime Trust. PTN is into aged care residential property

These guys used to have a Unit trust arrangement and have been giving a distribution of about 9% per annum. Their constitution stated that they HAD to list by a certain date. It listed for $1. Currently trading at about 93c

Market Cap. = $500m +-
12 month target price = $1.40
Likely yield = 9%

Look at the history of other ASX Property Trusts and you will see a steady rise over many years. Fund managers love them - hence the steady price rise.

Further, aged care is the next big thing. Baby boomers etc etc.

DYOR - I think you will like what you see.

Love Capt. Goodvibes