I think they own petrol stations and lease them back to coles branded petrol statations. And collect the rent - they have a deal that they get either a 3% increase a year in rent or inflation. Also the leases are long term agreements i think 13 years.I could be wrong though on some of the details - but sidenote on valuations models i also think this is under priced.
VVR & CRR, page-6
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Last
$2.68 |
Change
0.020(0.75%) |
Mkt cap ! $1.800B | |||
| Open | High | Low | Value | Volume |
| $2.65 | $2.70 | $2.65 | $2.950M | 1.103M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9106 | $2.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.70 | 42137 | 12 |
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