Anyone else had a look at this?
OK my commercial property mates tell me post virus retail rents will take a 30% haircut - OUCH! OK the last val. was at $850M so applying a 30% fall gives $600M more or less. Strip out the $235M loan and we are left with $365M. Divide by the 70M shares and we derive a figure of roughly $5.20 a pop.
No divvy /distribution CY20 but expecting 25c CY21.
Am assuming people start returning to work and closed shops commence reopening June/July and things pretty much are back to normal by September/October with of course the 30% rental reduction.
Calling $4.70 to $5.20 by December if not a lot earlier.
Nice buying anywhere around low $3s for a very low risk punt over 6 to 8 months. The point to note here is that you are not buying "goodwill" or hot air! You are buying bricks and mortar.
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Anyone else had a look at this?OK my commercial property mates...
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$4.41 |
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Mkt cap ! $349.5M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 680 | $4.32 |
Sellers (Offers)
Price($) | Vol. | No. |
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$4.41 | 3052 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 680 | 4.320 |
1 | 232 | 4.310 |
1 | 2999 | 4.300 |
1 | 2500 | 4.250 |
1 | 10000 | 4.240 |
Price($) | Vol. | No. |
---|---|---|
4.410 | 3052 | 1 |
4.430 | 1189 | 1 |
4.440 | 510 | 1 |
4.450 | 45154 | 1 |
4.470 | 10000 | 1 |
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