There is nothing Surprising about this result at all... nothing good or bad...
At 40% gearing and cost of debt at around 4%, more asset sells are required, which CLW has said they will.
Assuming when the debt matures in 4 years time, interest rate will be around 6%... but remember we have 4 years of rent reviews which will make the rent around 15 - 20% higher than what it is now.
What is the market expecting? I mean the announcement didn't surprise me at all. Gearing higher due to NTA dropping, dividend cut, more asset sales....what is the surprise here?
There is nothing Surprising about this result at all... nothing...
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$3.79 |
Change
0.040(1.07%) |
Mkt cap ! $2.740B | |||
| Open | High | Low | Value | Volume |
| $3.75 | $3.80 | $3.74 | $9.167M | 2.424M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5298 | $3.77 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.79 | 37857 | 6 |
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