This is a very good value stock IMO. The only major concern is the low, 45% gearing covenant, if that gets renegotiated there is very little to worry about.
Hopefully the 1.75c dividend will be kept, which at the price I bought at represents a 40% p.a return, but even if it is reduced the returns will be excellent. I believe that this and GMG are the best REITS, followed by ALZ.
not too late to buy, page-7
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Last
$1.21 |
Change
0.015(1.26%) |
Mkt cap ! $1.081B | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.22 | $1.17 | $913.4K | 757.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10935 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 2870 | 1 |
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| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| ABG (ASX) Chart |