Iwould caution you against going big here – please see my post from 14 monthsago on CLW and the risks.
Thesituation is playing out as I suggested it could - cap rate expansion, debt leveragevalue ratios rising & discounted capital raises to ensure debt covenantsare not breached.
Atcurrent prices, it’s implying a 6.2% cap rate which is not cheap relative to10yr treasures which are 4.3%.
CLWmanagement see this coming too and unless they get significant amount of assetsales off (which I view as unlikely as there is no bid at anywhere close tovaluations), there will be a capital raise in the next 12 months, likely less.
Furthermore,in an environment where long WALE and property assets generally have doubledand tripled over the last 5 years, CLW is trading below where it IPO’d. This isbecause these externally managed REIT’s are just FUM gatherers and make poor acquisitionsto harvest bigger fees. Even in good times, this wouldn’t be a good investmentand in bad times, is highly risky.
- Forums
- ASX - By Stock
- CLW
- Ann: Charter Hall Long WALE REIT - FY23 Results
Ann: Charter Hall Long WALE REIT - FY23 Results, page-49
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CLW (ASX) to my watchlist
(20min delay)
|
|||||
Last
$4.10 |
Change
0.050(1.23%) |
Mkt cap ! $2.932B |
Open | High | Low | Value | Volume |
$4.10 | $4.11 | $4.06 | $4.026M | 984.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7911 | $4.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.10 | 29945 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 7911 | 4.090 |
3 | 11612 | 4.080 |
4 | 26509 | 4.070 |
2 | 7973 | 4.060 |
6 | 16633 | 4.050 |
Price($) | Vol. | No. |
---|---|---|
4.100 | 29945 | 5 |
4.110 | 174926 | 8 |
4.120 | 40616 | 7 |
4.130 | 3225 | 1 |
4.140 | 7735 | 2 |
Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
Featured News
CLW (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online