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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Last
36.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $76.46M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.0¢ | 36.0¢ | $26.78K | 74.29K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 111571 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 25413 | 2 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| TOT (ASX) Chart |