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noomxx

7,222 Posts.

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02/03/24

21:49

Post #: 72714910
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Originally posted by WangChung: ↑

@noomxx,

Do you feel the industrial portfolio is too heavily skewed to one client (Woolworths) across just three properties (about 40% of the industrial portfolio value)?

Not sure about the SA and WA DCs, but the Qld one was build around 2006, so hardly likely to be cutting edge. (WOW opened what they call a ‘state of the art’ cold goods DC at Heathwood in 2022 and Coles opened what they also call a state of the art automated DC in Redbank, not that many kilometres away.

Just see a potential lease renewal issue if Woolworths also decide they need more ‘state of the art’ DCs in their future (noting the lease expiries ar spread out, with an ave WOW WALE of 6.1 years, but the first of these lease expiries coming up in less than two years).

Interested in your always well considered thoughts….

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Sorry WangChung, I just realised I waffled away without actually answering the key point in your message.

Yes, concentration risk of a single client is always a risk.

But the key in my opinion, is this of sufficient risk to offset the opportunity?

GOZ Price at posting: $2.25 Sentiment: None Disclosure: Held
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(20min delay)
Last $2.41		Change -0.020(0.82%)		Mkt cap ! $1.816B

Open	High	Low	Value	Volume
$2.40	$2.44	$2.40	$576.5K	238.6K

Buyers (Bids)

No.	Vol.	Price($)
6	20545	$2.41

Sellers (Offers)

Price($)	Vol.	No.
$2.42	228	1

View Market Depth

No.	Vol.	Price($)
6	20545	2.410
5	13284	2.400
5	9085	2.390
4	9245	2.380
1	1345	2.370

Price($)	Vol.	No.
2.420	228	1
2.430	3480	2
2.440	13480	4
2.450	1012	1
2.460	1345	1

Last trade - 16.10pm 23/05/2024 (20 minute delay)


Last $2.41			Change -0.020 ( 1.35 %)
Open	High		Low	Volume
$2.40	$2.44		$2.40	22795
Last updated 15.59pm 23/05/2024 ?

GOZ (ASX) Chart