Agree with pussinboots here. I have spoken to the company around 6 months ago and apparently it has always operated with these sort of gearing levels. Debt is used to fund stock which is turned over fast. DDR is more like a logisitcs company where stock comes in and stock goes out not long later with DDR clipping a margin on the way.
Unfortunately the rest of the market might not get this and the stock will struggle to be re-rated. In the meantime I will continue to hold. My holding is modest compared with other holdings due to the poor share liquidity
Agree with pussinboots here. I have spoken to the company around...
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Last
$9.86 |
Change
0.160(1.65%) |
Mkt cap ! $1.778B | |||
| Open | High | Low | Value | Volume |
| $9.69 | $9.92 | $9.55 | $5.950M | 610.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1191 | $9.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.89 | 1074 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| DDR (ASX) Chart |