Another down day , between the lines CLW has some serious issues that also includes the quality of management .Property income increased by 10% , and 2024 distribution decline. Need to question the quality of the properties and last years positive revaluations of $600 plus. Not only need to divestments but also management. It appears the concept of a long portfolio WALE is just a catch phase and the danger is that management believes in its own hype!!
I know the bad guy is finance costs and gearing , but this was known for over a year ago. It appears the joint ventures instead of reducing risks have increased the risk. Buying at a bottom then out for the capital gain during the catch up.
Unbelievable a reit with 6.8 billion dollars of property is degraded itself to a spec. buy!!
Another down day , between the lines CLW has some serious issues...
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Last
$3.79 |
Change
0.040(1.07%) |
Mkt cap ! $2.740B | |||
| Open | High | Low | Value | Volume |
| $3.75 | $3.80 | $3.74 | $9.167M | 2.424M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5298 | $3.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.79 | 37857 | 6 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| CLW (ASX) Chart |