Reader:
Hey AK, what do you make of Accordia Golf Trust latest results? Looks pretty dismal, all important numbers are down. Any positives to it at all?
AK:
eh... you say leh?
Reader:
From the numbers I don't see anything good. But management says that tourism may have a positive impact in mid to long term
And they said there was bad weather, maybe the weather might improve. That's about all the good I could see from the report
AK:
I would ask if the dip in results is due to something more enduring.
If so, the decline would become a trend.
Reader:
True. But difficult to say how much is due to earthquake and bad weather. And how much due to fundamentals.
AK:
You will have to make a judgement call 😉
Reader:
I have small position only so I think I'll hold for now , at least the dividend is good
AK:
If we are investing for income and if we got in at a lower price, this fits. 🙂
...unfavorable conditions during the year resulting in lesser operating days as
compared to previous year:
• 1H FY16/17: Earthquake in Kyushu (April 2016); Typhoon (August and September 2016);
Heavier rains (June 2016)
• 2H FY16/17: More snowfalls (February 2017)
See presentation:
http://accordiagolftrust.listedcompany.com/newsroom/20170525_183557_ADQU_RRL9A22VE4KR13RC.2.pdf
When we invest in Accordia Golf Trust, we have to be prepared for some possible fluctuation in revenue and I said this in 2015 too:
http://singaporeanstocksinvestor.blogspot.sg/2015/11/accordia-golf-trust-dpu-of-232c-and.html
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Accordia Golf Trust and lower DPU.
Friday, May 26, 2017Posted by AK71 at 6:17 PM 13 comments
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Accordia Golf Trust
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