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.
Not sure what to make of this result. The market was expecting...
Add ABG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.16 |
Change
0.020(1.75%) |
Mkt cap ! $1.036B | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.17 | $1.14 | $830.2K | 720.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.16 | 4073 | 1 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.16 |
Change
0.020 ( 1.29 %) |
||||
| Open | High | Low | Volume | ||
| $1.16 | $1.17 | $1.14 | 137140 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| ABG (ASX) Chart |