I have VCX , ouch.
Does feel a tad off. Back in GFC days I was overweight property trusts, and got skinned badly.
I had seen them as relatively safe, steady stuff , with a tax advantaged yield outside the super fund.
The I learnt the ugly , ugly, ugly ,words …….. Debt Covenants.
What had seemed perfectly reasonable companies with good gearing , paying their interest bills, were suddenly forced to sell off assets and raise capital at rock bottom, or even go broke , simply because the debt instruments had clauses which allowed the banks or bond holders to demand their cash back , with quite small drops in asset valuations. So you can be up Ship Creek, even with a reasonable balance sheet.
Vicinity should be fine, I hope, but I would really like someone at Vicinity to tell me that this is not a risk for them.
No distribution for a year or 2, I can live with that, the other outcome would be depressing.
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$1.89 |
Change
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Mkt cap ! $8.524B |
Open | High | Low | Value | Volume |
$1.87 | $1.89 | $1.87 | $13.81M | 7.377M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
51 | 212440 | $1.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.89 | 173591 | 26 |
View Market Depth
No. | Vol. | Price($) |
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50 | 219692 | 1.880 |
29 | 189969 | 1.875 |
20 | 127932 | 1.870 |
15 | 115129 | 1.865 |
17 | 408074 | 1.860 |
Price($) | Vol. | No. |
---|---|---|
1.885 | 173861 | 25 |
1.890 | 284186 | 26 |
1.895 | 160381 | 17 |
1.900 | 147713 | 21 |
1.905 | 152041 | 11 |
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