The proposed acquisition probably would have reduced FET's NTA. It offered a .1 cent increase in distributions for FET holders. This increase in distributions would have come entirely from Folkstone reducing the management fee.
The idea of an ATREIT paying well above NTA at bottom of the interest rate cycle cycle is somewhat risky.
Not disapointed the deal fell over.
Still going to hold.
FET in acquisition mode, page-3
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Last
$2.37 |
Change
-0.050(2.07%) |
Mkt cap ! $882.7M | |||
| Open | High | Low | Value | Volume |
| $2.48 | $2.50 | $2.37 | $1.841M | 769.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 27053 | $2.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.38 | 1589 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CQE (ASX) Chart |