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
Add ABG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.32 |
Change
0.005(0.38%) |
Mkt cap ! $1.184B | |||
| Open | High | Low | Value | Volume |
| $1.31 | $1.33 | $1.30 | $417.0K | 316.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 26646 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.32 | 18067 | 23 |
View Market Depth
| Last trade - 15.07pm 17/09/2024 (20 minute delay) ? |
| ABG (ASX) Chart |