I have taken a small holding.
I think the opportunity here is as a result of the comments above - financing and admin costs are too high, sales costs are too high.
The fund has been a reputational issue for Dixon. They won't oppose a trade sale to somebody who can run the assets at a better cost, and there is potential for a smart operator to pay a 25% premium to current ASX prices and make out well.
In such a scenario, holders who have held all the way down will lose out, but I can't see any way this gets back above NTA any time soon.
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Last
30.5¢ |
Change
0.015(5.17%) |
Mkt cap ! $215.2M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 30.5¢ | 29.0¢ | $280.5K | 949.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 182998 | 3 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| URF (ASX) Chart |