QUALITAS REAL ESTATE INCOME FUND (ASX:QRI) - Ann: Estimated NTA as at 07.02.2022, 61607331, page-14 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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0.61%

$1.66 qualitas real estate income fund

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sloanrunner

886 Posts.

13

25/05/22

10:49

Post #: 61607331
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Originally posted by EarlyRetiree: ↑

I suspect the ProBuild and Metricon sagas have a negative impact on sentiment in the sector.

Construction and pre-developemnt land loans represent a big chunk (~1/3) of QRI portfolio.

Here's an extract from a broker research back in Sep 2020 which is still relevant (current discount is ~10%):

The current discount to NTA on QRI of 10% implies a 67% default rate on the current portfolio, assuming the historic recovery rate. Even if one were to assume materially lower recovery rates, the implied default rates remain entirely non-sensical.

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Even more non -sensical when 99% of loans are personally guaranteed

Originally posted by EarlyRetiree: ↑

I suspect the ProBuild and Metricon sagas have a negative impact on sentiment in the sector.

Construction and pre-developemnt land loans represent a big chunk (~1/3) of QRI portfolio.

Here's an extract from a broker research back in Sep 2020 which is still relevant (current discount is ~10%):

The current discount to NTA on QRI of 10% implies a 67% default rate on the current portfolio, assuming the historic recovery rate. Even if one were to assume materially lower recovery rates, the implied default rates remain entirely non-sensical.

Expand

QRI Price at posting: $1.43 Sentiment: None Disclosure: Held
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(20min delay)
Last $1.66		Change 0.010(0.61%)		Mkt cap ! $680.3M

Open	High	Low	Value	Volume
$1.64	$1.66	$1.63	$544.3K	331.1K

Buyers (Bids)

No.	Vol.	Price($)
2	18760	$1.65

Sellers (Offers)

Price($)	Vol.	No.
$1.66	230755	7

View Market Depth

No.	Vol.	Price($)
1	15520	1.645
2	10481	1.640
4	114222	1.635
13	163483	1.630
2	57850	1.625

Price($)	Vol.	No.
1.655	50179	3
1.660	66991	1
1.665	35000	1
1.675	4964	1
1.680	56000	1

Last trade - 16.10pm 03/05/2024 (20 minute delay)


Last $1.65			Change 0.010 ( 0.31 %)
Open	High		Low	Volume
$1.65	$1.65		$1.64	28509
Last updated 15.59pm 03/05/2024 ?

QRI (ASX) Chart