Result exactly as expected, including FY25 guidance. Notice the implicit cap rate based on share price: 8%. This is a decent cap rate with sufficient margin of safety.
Yes gearing increasing, but its increasing as valuations become more realistic. Current NTA $1.80 at cap rate of 6.5% odd. Say another 10% drop to cap rate of 7.2% odd, it all starts to stack up given significant discount of share price to NTA
I am holding
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Last
$1.24 |
Change
-0.003(0.20%) |
Mkt cap ! $743.6M | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.25 | $1.24 | $318.7K | 256.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5565 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 34885 | 14 |
View Market Depth
| Last trade - 12.06pm 29/07/2025 (20 minute delay) ? |
| COF (ASX) Chart |