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
39.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $83.90M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 40.0¢ | 39.5¢ | $16.33K | 40.91K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 55695 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 69066 | 2 |
View Market Depth
| Last trade - 15.48pm 27/05/2024 (20 minute delay) ? |
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Last
39.5¢ |
Change
0.000 ( 1.25 %) |
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| Open | High | Low | Volume | ||
| 40.0¢ | 40.0¢ | 39.5¢ | 28124 | ||
| Last updated 15.48pm 27/05/2024 ? | |||||
| TOT (ASX) Chart |