i wrote a very harsh post re this raising but was moderated. I totally agree with comments, Austock are getting a massive 5% underwriting fee (VERY high) for a trust like this. Find me one property trust that raised capital with a cost in this range. thats $1.6m directly to austock for 0.4% interest savings. oh please how can they get away with this.
yes we are de-risked, yes we paying dividends, yes we are selling properties at book instead of diluting.... Oh but hold on we might as well raise more money at a high cost of equity 15% to pay off debt at 8.5% . Absolute genius if you ask me.
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Last
$2.87 |
Change
-0.010(0.35%) |
Mkt cap ! $1.065B | |||
| Open | High | Low | Value | Volume |
| $2.90 | $2.90 | $2.84 | $1.671M | 583.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21500 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.87 | 4995 | 2 |
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| Last trade - 16.10pm 11/07/2025 (20 minute delay) ? |
| CQE (ASX) Chart |