COF would raise finance long before they got anywhere near 50% leverage. I'd expect them to pull the tigger at max of 45%
So as I posted a fall of 20%+ in valuations & we are in trouble.
Current indicators are that COF properties are 10-15% over valued compared to the current market conditions.
Depending on how many properties are actually sold between now & 30th Jun, plus at what value, will determine the actual NTA reduction.
Personally I think we are likely to be at or near the bottom of the market with interest rates unlikely to go much higher & potentially cut by Melbourne Cup Day in Nov.
So I think COF will avoid a cap raising but not by much.
With a 3-5% div cut next year depending on rate forecasts.
COF would raise finance long before they got anywhere near 50%...
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Last
$1.11 |
Change
-0.015(1.34%) |
Mkt cap ! $660.0M | |||
| Open | High | Low | Value | Volume |
| $1.13 | $1.14 | $1.10 | $1.658M | 1.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1668 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.12 | 17162 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| COF (ASX) Chart |