Club Mulgoa

Monday, July 04, 2011

LRF

http://imagesignal.comsec.com.au/asxdata/20110609/pdf/01188153.pdf

http://imagesignal.comsec.com.au/asxdata/20110620/pdf/01190434.pdf

The share price is 84c, the final dividend is 3c (total 4.5c for the year). The NTA is worth $AUD$1.39 on 31/5/2011.

Can you imagine buying a $1.39 million dollar home for $840,000 and getting $45,000 for rent annually? Yet most people prefer to buy property and not LRF. Worse still, why are investors selling off LRF? That guy who runs it is brilliant. One share he sold off recently is Riverdale to RIO.

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