Not sure what to make of this result. The market was expecting much worse judging by today's reaction. I dare say there were quite a few shorts out ahead of this and they are getting squeezed.
But with the split and separated results it's a bit of a mess. Hard to work out what is what.
FFO and cash is still good. Some write downs in office and commercial was expected and is probably a little light (circa 10%) to what is really going on in office valuations.
And the all important payouts are being cut. From 18.4 as a single entity to 14.5 combining the two for FY24 (8.5 and 6.0).
Will try and have a closer look next week. For now, i'm not inclined to do anything.
Ann: FY23 Results Presentation, page-2
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Last
$1.27 |
Change
0.025(2.02%) |
Mkt cap ! $1.126B | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.27 | $1.24 | $131.0K | 104.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 13163 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 3564 | 13 |
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| Last trade - 11.52am 17/10/2024 (20 minute delay) ? |
| ABG (ASX) Chart |