Management continuing to show buying discipline in purchasing properties that are either impaired, old, bit of hair on them or need work. Once repositioned the properties are worth significantly more. Went down the rabbit hole of how much did lithium giant Albemarle spend on the the project that includes a pool, commercial kitchen, and more than 200 villasIt is the second workers' camp approval for Albemarle, well it was $125.6 million. From the article below that was the site fully developed up to 800+ units but still a discount to time and money spent building what they have picked up. Well done
https://www.abc.net.au/news/2023-04-01/albemarle-850-person-workers-camp-australind-approved/102172410?utm_campaign=abc_news_web&utm_content=link&utm_medium=content_shared&utm_source=abc_news_web
Ann: Acquisition - Living & Lifestyle at Australind (Bunbury) WA, page-4
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Last
$3.94 |
Change
0.100(2.60%) |
Mkt cap ! $891.9M | |||
| Open | High | Low | Value | Volume |
| $3.86 | $3.97 | $3.86 | $774.5K | 196.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 5851 | $3.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.94 | 2194 | 13 |
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| Last trade - 12.36pm 30/07/2025 (20 minute delay) ? |
| APZ (ASX) Chart |