I would have liked to seen some commentary on HPI investment rationale... given that it's a $100M investment. And agree - it doesn't seem cheap on the surface (either yield or discount to NTA).
But in their defense, Irongate didn't make any sense when they piled into it (wasn't cheap either - but the time they acquired 19.9%). And Evans and Partners looked outlandish - until they made a 50% return on it! So perhaps the jury can sit tight on the verdict for another 6 months.
Pubs and hotels though are certainly attracting instro attention though. Charter Hall has a a significant holding in this sector.
Long WALE's, often triple net, large land holdings, CPI linked rent increases.... so could be a more attractive space than office.
I would have liked to seen some commentary on HPI investment...
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Mkt cap ! $142.6M | |||
| Open | High | Low | Value | Volume |
| 61.5¢ | 62.5¢ | 61.5¢ | $24.48K | 39.69K |
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| 2 | 20792 | 61.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 62.0¢ | 40997 | 2 |
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| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 62.0¢ | 62.0¢ | 61.5¢ | 7268 | ||
| Last updated 14.20pm 17/05/2024 ? | |||||
| TGP (ASX) Chart |