Two Financial Sector Stocks With NTA Update

December 10, 2018 05:41 PM PST | By Team Kalkine Media
 Two Financial Sector Stocks With NTA Update

Aurora property Buy-Write Income Trust (ASX:AUP)

Aurora property Buy-Write Income Trust (ASX:AUP) provided an update on Net Asset Value per unit. The company stated that estimated Net Asset Value per unit had been increased from previous $3.44 to $3.45 as at 7 December 2018.

Since last week, the NTA estimates have been taking an upside movement as the company has announced $0.01 increase in estimated NTA all through 3 December 2018 to 7 December 2018. This took estimated Net Asset Value per unit from $3.42 on 3 December 2018 to the latest $3.45 on Friday, 7 December 2018.

As at 30 June 2018, cash and cash equivalents held by the company were A$50,274, reflecting the adjustment of wrongly classified balance of $1 million in the PCP's closing cash balance. On 25 November 2017, the company identified the fraud that originally occurred on 15 February 2017 under which $1 million was incorrectly classified as a cash and cash equivalents as at 30 June 2017.

Aurora property Buy-Write Income Trust is an Australian fund that offers a high return on the mid to long-term investment. The company principally invests in leading property securities that are listed on Australian Securities Exchange to return high income on the clients’ investment throughout three to five years.

AUP last traded at $2.200 while it has fallen 46.08% over the past one year.

Djerriwarrh Investments Limited (ASX:DJW)

Djerriwarrh Investments announced the Monthly net tangible asset (NTA) backing per share for November 2018. The announcement read that after-tax NTA backing per share has slipped from $3.10 as on 31 October 2018 to $3.06 as on 30 November 2018.

Djerriwarrh Investments Limited (ASX:DJW) is a financial sector company that operates as a closed-end investment fund. The company holds a portfolio of investment in Australian equities in diversified sectors including banks, materials, industrials, healthcare, energy, and telecom among other.

For the period till 30 November 2018, the major portion of Djerriwarrh’s investment portfolio consists of the banking sector which translates an investment of 25.9% in banks out of total portfolio value of $471.3 million as at 30 November 2018. It is then followed by 18.2% investment in the materials sector and 14.1% investment in the industrial sector.

Djerriwarrh’s stock price has surged by 0.619% to close at $3.250 on 10 December 2018. The stock last traded at a Price to earnings ratio of 22.630 x with a market capitalization of $716.37 million. Over the one year, the stock has witnessed a negative performance change of 9.27% while in the past three months, it is down by 4.44%.


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