Market has overlooked FKP on the back of debt refinancing perceptions.
But in recent times they have had the TAC building in Geelong go unconditional - there's $130m and now the $175m Energex building in Brisbane. Plus the S8 builidng must be settling right now...another $90m.
I'm surprised that FKP haven't updated the market on their financing position...but they did affirm the dividend today...so there's money there.
The minute the market feels totally comfortable the SP will rise and rise fast...and so it should...$3.60 worth of assets for 78 cents...a good deal, surely!
More evidence? Look at the bot trading which is suppressing any rise. Soemene is definitely capping.
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