Wow, this capital raising stinks so bad I had to emergency blog about it to warn retail investors about this REIT (or similar)
> CaptiveCapital: TOT - 360 Capital REIT - Can REITs be even worse than LICs and LITs?
At 60% participation of general shareholders the forecast FY25 EPS is 2.1 cents/share.
If you buy at 40c that's a 5.25% Earnings Yield. 7.5% with franking. With plenty of downside risks, pitfalls and a totally unaligned insider!
I'll be adding to my post. Stay tuned!
Ann: Entitlement Offer Booklet, page-23
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37.5¢ |
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Mkt cap ! $79.65M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 38.5¢ | 37.0¢ | $3.303K | 8.824K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 56250 | 37.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 115474 | 2 |
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