Might be some concerns that there would be further changes to pensions and any increase in interest rates would reduce the value of rental annuity stream.
Goldman Sachs reduced from Buy to neutral because of the costs and time involved in integrating new acquisitions. In the short term lose the earning for the DMF assets sold and have to wait while the capital is recycled into buying new MHE assets, integrating them and bringing them online. Obviously in the long term this is all good but has an impact on near term earnings.
Still think this is a good long term play and their strategy is right. Mind you the share price has not really gone anywhere for 3 years now but hopefully this changes as more and more sites come on line and the sales pipeline continues to ramp up.
Might be some concerns that there would be further changes to...
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Last
$5.10 |
Change
0.080(1.59%) |
Mkt cap ! $2.078B | |||
| Open | High | Low | Value | Volume |
| $5.06 | $5.10 | $5.03 | $1.776M | 349.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 710 | $5.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.10 | 1880 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| INA (ASX) Chart |