Phase 1 (Shoreline) of the Cockburn Redevelopment area looks to have sold some land to developers. Lot 205 (
http://www.landcorp.com.au/Residential/Shoreline/Land-For-Sale/) was advertised for $2.6 million which implies $904 per sqm.
This would imply that the Howe Leather site at 10 Bennett Avenue is worth at least $15.8 million, higher than management's $11.3 million.
Have developers started marketing the off the plan units at Shoreline?
I wrote up a short investment thesis on Schaffer (http://chasingvalue.com.au/?p=222). Any comments or differing views much appreciated.
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Last
$21.45 |
Change
-0.450(2.05%) |
Mkt cap ! $291.5M | |||
| Open | High | Low | Value | Volume |
| $21.45 | $21.45 | $21.45 | $16.66K | 777 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1 | $21.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.89 | 592 | 1 |
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| Last trade - 11.57am 05/09/2025 (20 minute delay) ? |
| SFC (ASX) Chart |