TOT 2.70% 38.0¢ 360 capital reit

Ann: Entitlement Offer Booklet, page-22

  1. 435 Posts.
    lightbulb Created with Sketch. 70
    I found today's price movements for TGP and TOT fascinating. I would have guessed TGP price would have tanked as well but stayed flat. Indeed the discount to NTA sum of parts and div yield do not seem attractive (rough calcs below but have not checked this sheet in a while).

    More importantly TGP are a bit stuffed in my view if TOT entitlement offer has low take up given high debt levels vs low operational earnings, and every chance there will be low take up if TOT price continues to drop.

    In my view the best outcome here would be winding up TOT and returning cash to shareholders, but that never seems to be on the cards with this mob.

    https://hotcopper.com.au/data/attachments/5960/5960181-1c0f2632efe56cc3d42d53c4e866e810.jpg
 
watchlist Created with Sketch. Add TOT (ASX) to my watchlist
(20min delay)
Last
38.0¢
Change
0.010(2.70%)
Mkt cap ! $81.55M
Open High Low Value Volume
38.0¢ 38.0¢ 37.0¢ $8.924K 24.11K

Buyers (Bids)

No. Vol. Price($)
1 97129 37.0¢
 

Sellers (Offers)

Price($) Vol. No.
38.0¢ 4941 1
View Market Depth
Last trade - 15.32pm 16/08/2024 (20 minute delay) ?
TOT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.