ABG 1.75% $1.16 abacus group

abp is breaking out, page-4

  1. 652 Posts.
    lightbulb Created with Sketch. 61
    its been the one that hasnt gone up like the others as it it did its rights issue at the time the LP started to run.
    So its playing catch up
    Its on its way to 50c.
    IMO its one of the best of a speculative bunch and has not rebounded the same in price:
    debt is 29.7% comp to 49% covenant, compared to total assets, 5x, nil intangibles
    kirsh (big brother)
    cap rate at 9.3, wont touch covenants
    no value on 1bn fum
    distributions easily covered by operating earnings
    interest cover 3.4x, net rent 73m covers 17m int
    refinace risk minnimal

    undervalued and relatively safe, i will sell around 60c and collect a nice divvy on the way
 
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