Thanking Karasco for posting the article on REITs.
A similar article is in AFR property section.
The bottom line: Coalition will oppose the Rudd bank
As if it was not clear that they will do it... Lib's policy is to oppose any Labor economic policy, good or bad. Subsequently, they will blame Labor for everything that occurred in recession and beyond.
This is not even news. Yet REITs get hammered. Shows you what the current market is about. Any whiff of "news" and it jumps or dives.
An answer to other post on trading/investing in REITsin this crazy market.
IMO, a company with 40-50% gearing trading at at least 50% discount to the net tangibles is a pretty good bet. Still may end up sour, but the upside could be massive. Couple of safer stocks like DXS and APZ if you have a pacemaker. For more brave hearted ones there are GMGs and GPTs - slightly riskier but still doesn't look too bad on balance of probabilities. All my opinions only.
Best regards
coaltion will oppose the rudd bank
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Last
$35.06 |
Change
0.180(0.52%) |
Mkt cap ! $66.58B | |||
| Open | High | Low | Value | Volume |
| $34.66 | $35.06 | $34.24 | $77.86M | 2.230M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8766 | $35.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.06 | 6742 | 1 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| GMG (ASX) Chart |