I understand that, but
a) the market clearly doesnt think its a dollar worth of assets, hence the large discount that this (and other REITs trade at,
b) we have some pretty expensive debt, which Id rather clear before doing a buyback as it is the biggest risk to dividend yield, and
c) I just fundamentally don't think a buyback is going to move the price much here - it is an illiquid stock with not a lot of buyers, so I think the strategy should be focused on getting people compelled to buy, and I think the best way to do that is to provide more confidence in the distributions / security of the distributions rather than buybacks. A buyback is a great if there is actually a market for the stock but I dont think it will be enough
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Last
44.5¢ |
Change
0.015(3.49%) |
Mkt cap ! $95.50M |
Open | High | Low | Value | Volume |
43.5¢ | 44.5¢ | 43.0¢ | $41.43K | 95.36K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 34562 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.5¢ | 39081 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 34562 | 0.430 |
1 | 47619 | 0.420 |
1 | 15000 | 0.415 |
3 | 2509 | 0.410 |
2 | 4450 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.445 | 39081 | 3 |
0.450 | 124000 | 1 |
0.455 | 1267 | 1 |
0.460 | 4469 | 1 |
0.690 | 20000 | 1 |
Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
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