Interesting stock this one. Major shareholder is the Rewards group who provide Agricultural investment schemes in various areas. After tax profit was $19 million for Rewards group.. Same directors of Rewards Group as The Ark Fund which buys properties and then rents them to Rewards Group for guaranteed 20 years rental returns between 10% and 12% per annum increasing each year by 2%. Arj has market cap of $8 million and holds nearly $9 million in properties with guaranteed income of $900k+ per year. Paying a quaterly dividend yield of 10.5% p/a till end 2009.
Stock is at 1.3cents and has been rated by PIR as A+ for super funds.