Cannot see the price drop to the 40c to 50c range unless "forced down". The Lederer group , at 7.5 c distribution per share is achieving 12.5% yield net!! that's a 8 years payback . Before capitalization.
The capital raising will stabilise the balance sheet and reduce the gearing level. While maintaining a 98% occupancy rate at the bottom of the cycle.
At a 12.5% yield with potential of capital growth down the track. More chance of buyers than sellers at nta of 77 cents the distribution yield is still high at 9.7% still better than what i earn "net" on my properties.
good luck
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Cannot see the price drop to the 40c to 50c range unless "forced...
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Last
62.0¢ |
Change
0.005(0.81%) |
Mkt cap ! $196.2M |
Open | High | Low | Value | Volume |
62.0¢ | 62.0¢ | 60.5¢ | $536.3K | 872.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 22964 | 61.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
62.0¢ | 18241 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 21981 | 0.610 |
2 | 40760 | 0.605 |
7 | 63156 | 0.600 |
2 | 33000 | 0.595 |
2 | 32800 | 0.585 |
Price($) | Vol. | No. |
---|---|---|
0.620 | 18241 | 1 |
0.630 | 3000 | 1 |
0.635 | 11258 | 1 |
0.640 | 30000 | 1 |
0.650 | 15000 | 2 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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