Value Investments - Your current faves?

[asanque]

CER

Share price currently 3.6c after hitting an all time low of 2.3 c last week.

Upside:

5 times as many buyers as sellers
NTA - 72c - after writedowns
No share dilution unlike CNP
Australian tenancy in centres close to 99%
ICR is approximately 2

Downside: Need to refinance at end of Dec 2010
(Further Edit:
Potentially higher vacancies in the US
Further asset writedowns
Lawsuit yet to be resolved with IMF below - I imagine this will likely be settled with payout mainly from insurance and the auditors)

I feel REIT's have bottomed and lending conditions should improve by then.

Do your own research.

Edit:
I also like IMF ($1.06 currently)

Upside:
15% yield
Plenty of cash
Plenty of impending class actions
Uses top notch solicitors

Downside:
Already gone up quite a bit

 

[Rookie]

GMG

Should have bought a lot more at $0.14 last week. Now sitting at about $0.38. Still a very good buy IMO as they normally pay a $0.09 dividend each half. Although its unlikely to be the full 9c this year, the dividends are actually only paid out from rental income and management fees.

Much more stable than a lot of REITS and I'm surprised at their massive fall.

ESI for a speculative.

 

[James23]

James.

Did you take time to read their accounts?

They simply do not make any money and will struggle to operate should they not find any oil in the next year or so.

Yes, but they will find oil before the year is out

Wolfgang is no fool. He would not risk his massive reputation by taking on ADX if he felt the potential prospects werent amazing.

Huge potential this. Stay tuned

 

[r dub 19]

IBA- Australia's biggest health IT company. Things I like about IBA

• clients in around 35 countries
• some of their clients are governments such as Singapore
• elderly population
• obama looking to reinvent health care
• there will always be a market for health care
• paying down debt