JBS deal
- A lie RFM has not received equity for free, covered by RFM in their response
- RFF receives a fee for providing the guarantee but has no risk as it is guaranteed by JBS parent, good deal for RFF
- Irrelevant they are not the tenant
Assets
- Growing assets is also in RFF unit holders interests, increases profits & distributions
- Doh!
- Well done, living things die eventually
- There is also a tradeable market for water rights, RFF has taken conservative view & valued at less than market rates as viewed as unsustainable
- This happens when property values increase faster than rents, yields go down. Look at the yields on residential properties over the last 20 years.
Profit & loss
- Capital items must be capitalised & not charged to P&L, basic accounting
- You can't extend the useful life of an asset that dies.
- A correct statement but irrelevant, distributions are paid out of cash generated which is approx 25% higher.
Valuations
- Wrong management compares valuations with market values to ensure they are appropriate , per conference call
- Correct, however interest rates are falling globally. Interest rates should be reviewed regularly & changed as appropriate
- That is incorrect, per the E&Y report it states only one of the valuerers used visits the properties
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Last
$2.00 |
Change
0.015(0.76%) |
Mkt cap ! $777.8M |
Open | High | Low | Value | Volume |
$2.00 | $2.01 | $1.99 | $1.192M | 596.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4996 | $2.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.01 | 20417 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4996 | 2.000 |
3 | 6044 | 1.995 |
9 | 18468 | 1.990 |
5 | 25687 | 1.985 |
14 | 75480 | 1.980 |
Price($) | Vol. | No. |
---|---|---|
2.010 | 20417 | 4 |
2.020 | 42865 | 5 |
2.030 | 33698 | 6 |
2.040 | 11560 | 3 |
2.050 | 9297 | 5 |
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