Added Accordia Golf Trust.
At 64c currently, with NAV 92c, it looks undervalued. Rough calculation says that I am looking at 9% dividend yield. There is a expansion plan on the horizon, of up to 50 billion JPY, which they are looking to fund it through taking on more gearing, that could potentially boost this yield over the next couple years. I find this narrative compelling enough and decided to add this to my portfolio. Of courses, there are risks, such as currency but I suspect JPY could be nearing or have already bottomed out. And other issues and uncertainties remains, but I am taking a calculated risk.
My portfolio now comprise:
1. China Merchant Pacific
2. Naratel
3. TTJ
4. Sports Toto
6. Saizen
7. Accordia
