Some updates:
1) Gradually increasing dividend paid out per quarter, with the recent quarter being the highest of A$0.021443. The dividend has almost doubled as compared to 26-Sep-14 where a dividend of A$0.01088 was paid out.
2) Continuous share buyback
Its share capital has reduced from 50.6 million shares to 45 million shares since Dec 2013. This will greatly increase the NTA value. Its NTA has increased from A$1.16 in 2013 to A$2.05, Sep 2016.
3) NTA increased significantly from A$1.16 to A$2.05 from Dec 2013 to Sep 2016, or a 77% increase.
4) Steep discount to NTA. Currently trading at A$1.32 or a 35.6% discount to its NTA.
5) There is no debt. =)
1) Gradually increasing dividend paid out per quarter, with the recent quarter being the highest of A$0.021443. The dividend has almost doubled as compared to 26-Sep-14 where a dividend of A$0.01088 was paid out.
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2) Continuous share buyback
Its share capital has reduced from 50.6 million shares to 45 million shares since Dec 2013. This will greatly increase the NTA value. Its NTA has increased from A$1.16 in 2013 to A$2.05, Sep 2016.
3) NTA increased significantly from A$1.16 to A$2.05 from Dec 2013 to Sep 2016, or a 77% increase.
4) Steep discount to NTA. Currently trading at A$1.32 or a 35.6% discount to its NTA.
5) There is no debt. =)
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