13-11-2013, 02:34 AM
RHT released results yesterday. 1HFY14F DPU of 4.05c - i.e. >10% on annualised basis - slightly above expectations it seems.
Looking to acquire a asset but terms of deal not out yet. Should be accretive if fully debt funded (which is possble as they have debt headroom and bankers seem happy to lend them at cheap rates)
Fx remains (more of) a medium term risk as their fx hedge falls off mid next yr.
Caveat Emptor
Looking to acquire a asset but terms of deal not out yet. Should be accretive if fully debt funded (which is possble as they have debt headroom and bankers seem happy to lend them at cheap rates)
Fx remains (more of) a medium term risk as their fx hedge falls off mid next yr.
Caveat Emptor