Shares & Derivatives
Accordia Golf Trust: A DPU of 2.32c and still a buy?
By A Singaporean Stockmarket Investor (ASSI)  •  November 13, 2015
I was wondering how badly Accordia Golf Trust's revenue could have been affected by the inclement weather in Japan in recent months. That was really what was holding me back from increasing my exposure to the business trust significantly even as its unit price hovered near its historic low. In its latest results, it was revealed that performance in 2Q was disappointing. This translated into a DPU of only 0.74c for 2Q. For the 1H, total income available for distribution translated into a DPU of 2.59c. Personally, I was hoping for a 1H DPU of 2.9c or even 2.95c which would have been possible if DPU for 2Q came in at 1.1c. Investing in golf courses for income, I guess the weather is something I must learn to take into consideration. Accordia Golf Trust also decided to hold back 10% of the income available for distribution which means that DPU is only ......
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By A Singaporean Stockmarket Investor (ASSI)
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