Given NTA is around 95c per share, NAV around $1.30 per share, and gearing around the 35%, VPG seems to have little downside at these levels.
VPG closed up 8% today to 3.7c.
Thursday, February 19, 2009
Valad Property Group - Double Bottom as well?
Valad Property Group is one of the many oversold REITs in my book. Orbis has recently increased their stake. The VPG is showing a double bottom as well (following up from my PBG blog).
Given NTA is around 95c per share, NAV around $1.30 per share, and gearing around the 35%, VPG seems to have little downside at these levels.
Given NTA is around 95c per share, NAV around $1.30 per share, and gearing around the 35%, VPG seems to have little downside at these levels.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment