This is the key. A capital raising like many reits did in the GFC will very quickly destroy shareholder value. I just don't see that playing out tho. The GFC had a total freeze on credit and the whole system temporarily melted down. I think the reit (and property) sector will see some pain but nothing like the GFC.
I remember I held ABP and it went from $1.20 to around .09c in a matter of weeks (from memory).
I'm tempted to pick up some more COF today. It is currently only 2% of my portfolio.
Ann: Dividend/Distribution - COF, page-75
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Last
$1.30 |
Change
-0.005(0.38%) |
Mkt cap ! $773.5M | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.30 | $1.28 | $872.3K | 678.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.30 | 7156 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| COF (ASX) Chart |