MGR mirvac group

0.44%

$2.24

I am looking at REIT but only those who pays quarterly dividend...

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26/06/24

08:50

Post #: 74489369
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Originally posted by Red Dirt Dan: ↑

MGR its true have sold down at a 20% Discount from the highest value point.
I contacted MGR and they quite simply said that the monies will be deployed to the profitable arena of "development subject to demand".....
I think it is a smart move, get out of what is paying a % margin within your charter to redeploy elsewhere to add additional value to share holding.
I think now is the time to buy when market sentiment is at its lowest within the property REIT sector.
I have worked with MGR as a third party in the past and they are very smart with number crunching.
Very diversified and becoming more of a diversified entity in due course.
In the GFC gearing on average for REITS was 69%. We are currently no where near that.
Demand for dwellings is huge, but man power, Gov spending on rubbish is creating a FEARFUL sentiment within society.
VIC & NSW just keep shooting themselves in the foot so until we see a change in GOV sentiment will remain so.
$2.56 for NAV as apposed to $1.965 2 days before DIV is unbelievable.
I was surprised at .06 or 5.5% as of last close before yesterday was a surprise.

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I am looking at REIT but only those who pays quarterly dividend as it helps with my cashflow.

CQR is the one I hold with six month dividend but I hold them due to low gearing plus they hold properties that helps me to diversify.

Housing sector continue to struggle until interest rates go down or income goes up and I don't see any of those things happening at the moment.

MGR Price at posting: $1.97 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $2.24		Change -0.010(0.44%)		Mkt cap ! $8.838B

Open	High	Low	Value	Volume
$2.23	$2.24	$2.21	$16.55M	7.417M

Buyers (Bids)

No.	Vol.	Price($)
6	24373	$2.22

Sellers (Offers)

Price($)	Vol.	No.
$2.24	206298	6

View Market Depth

No.	Vol.	Price($)
1	12000	2.220
9	95584	2.210
3	13000	2.200
3	33287	2.190
4	10267	2.180

Price($)	Vol.	No.
2.250	28917	2
2.260	38437	3
2.270	7372	1
2.280	50000	2
2.290	9845	3

Last trade - 16.10pm 01/08/2025 (20 minute delay)

MGR (ASX) Chart

I am looking at REIT but only those who pays quarterly dividend...

Prospect Resources: Replicating the success of Arcadia with ~1b tonne copper ore target

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Everest Metals dips as company clocks low gold grades at Taipan, WA

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Featured News

Buyers (Bids)

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I am looking at REIT but only those who pays quarterly dividend...

Top Stories

Prospect Resources: Replicating the success of Arcadia with ~1b tonne copper ore target

'Rising demand': Lakes Blue Energy starts well-timed Wombat-5 gas drilling

AFT Pharmaceuticals outlines shareholder value focus in 2025 AGM

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Infini Resources appoints Rohan Bone as CEO ahead of Phase 2 campaign

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Week 31 Wrap: Oz core CPI @ 2.7%! But here come tariffs. Again. Next Friday

DeSoto lands key exploration rights for Syncerus gold project in Guinea

Everest Metals dips as company clocks low gold grades at Taipan, WA

Crickets as Horizon Oil unveils new project picked up in Thailand

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News