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
$3.38 |
Change
-0.070(2.03%) |
Mkt cap ! $1.258B | |||
| Open | High | Low | Value | Volume |
| $3.45 | $3.46 | $3.38 | $3.099M | 912.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12844 | $3.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.40 | 2344 | 1 |
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| Last trade - 16.10pm 16/09/2025 (20 minute delay) ? |
| CQE (ASX) Chart |