Sale value $72.0m book value $74.6m, $2.4m loss on disposal.
AFFO drops from 14.0c to 13.4c.
On the face of it, it doesn't look like a great move.
However it's reducing current short term profitability for future high growth, reducing RFF's reliance on related party tenants & replacing an income stream from an unprofitable tenant that would require much higher capital investment in the future.
Plus it also diversifies the cattle portfolio into another geographical region.
A good overall move IMO.
Ann: Presentation - sale of poultry assets and cattle acquisition, page-2
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Last
$1.89 |
Change
0.015(0.80%) |
Mkt cap ! $734.6M | |||
| Open | High | Low | Value | Volume |
| $1.88 | $1.90 | $1.87 | $920.5K | 487.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2897 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 110745 | 13 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| RFF (ASX) Chart |