Cityspring

Cityspring: No reports available. Co announced results on the 3 May with distributions of 0.82c per unit with current annualized yield of 8.75%. This was lower than the 1.05c for prev year due to the earlier rights issue. Basslink is still having problems and currently has a dispute with its its service partner Hydro Tasmania over a risk sharing agreement, and both parties are in talks. Co currently has an NAV of 27.9c per unit, down from 35.4 a year ago and trades at current P/B of 1.3x.