Thanks for simple explanation, Dont you think the company will be able to replace that aum with newer loans to MOR? As the gearing currently is above 9 and with moratorium ending and payment being made new loans can be given as will ease out the gearing ratio.
And where do you see the book value going forward once the negative AUM growth kicks in as currently the book value is 32ish which gives a div Yeild of close to 7.5% irrespective of profits(at 5% of book value) .
Only reason i have invested is because of this as 70% of the earnings are reatianed inreasing book value so dividend currently at close to 7% will keep on increasing going forward.
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