If they commit to their strategy to divest $500M the look-through gearing will drop to ~37%. So far they only divested $142M.
If they succeed that's ~7% of the portfolio (valued at 6.5B).
Rent rise of ~4% won't compensate for the loss of income.
CLW has to sell some of its best assets - the only ones which would get close to book value - to avoid breaching convenants.
The debt refinance cliff is coming up in three years - and only a fool would think he can predict what the interest rates will be in 2027.
And for all those risks you are rewarded with a tremendous 6.6% yield...
I'll stick with corporate bonds for my income investments and watch from the side line.
If they commit to their strategy to divest $500M the...
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Last
$3.49 |
Change
0.040(1.16%) |
Mkt cap ! $2.523B | |||
| Open | High | Low | Value | Volume |
| $3.47 | $3.50 | $3.47 | $2.455M | 704.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13531 | $3.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.49 | 18822 | 5 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
$3.48 |
Change
0.040 ( 0.73 %) |
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| Open | High | Low | Volume | ||
| $3.47 | $3.50 | $3.47 | 142322 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
| CLW (ASX) Chart |