Shares digital

Vinaland (VNL:AIM) – Finals PTP: $50.2m ($0.1m) Divi: n/a (n/a)

In March 2007 the company raised an additional $407 million via a share placing to help it take advantage of investment opportunities in Vietnam. These funds are expected to be fully invested by mid-2008 and build upon the $205 million raised when the group floated back in March 2006, which was fully invested last year.

Over the past year the company has built up a portfolio of 26 properties, and the group believes that the total number of investments could double before the end of 2008. The group's net asset value per share has risen from 98c at the end of June 2006 to $1.26. This increase of 29% comes on the back of revaluation gains on properties held at 30 June 2007 and share premiums received in March. The shares were flat at 41c.

Shares says: Promising results with an encouraging outlook.

by: Rachel Robson