what I don't get is when % rates are very low, traditionally property trusts stocks should do very well, as people chase yield where they can, can someone explain to me, why are only OFFICE and INDUSTRIAL and diversified property trusts at 52week highs, yet retail trusts like SCG and VCX are at 52 week lows? EVEN THOUGH the retail trusts still have a great yield, even better than a lot office trusts and have a stable history of paying a divvy, yet they are at 52 week lows, I don't get it, is it just the market thinks retail is struggling? so its just a perception thing my the market right?
with our great yield and stable divvy, scg should be trading near 52 week highs, the market is nuts, look how vcx got clobbered today, even though its EPS were only down 17.7c to 17.2c LOL yet its down over 5% today, amazing.
as long as SCG is trading below book value, you cant go wrong buying below NTA.
News: SCG Scentre Group FY Rev $2,616.4 Mln, page-5
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Last
$3.62 |
Change
-0.030(0.82%) |
Mkt cap ! $18.83B | |||
| Open | High | Low | Value | Volume |
| $3.66 | $3.66 | $3.61 | $35.36M | 9.754M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 140210 | $3.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.63 | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| SCG (ASX) Chart |