Excellent news!
NTA down to 90c as expected (I subtract div from dec NTA) with a cap rate similar to CLW office holdings.
Current discount to NTA is still 24% after revaluation!
The lower vacancy rate (from 91% to 94.2%)might allow TOT to maintain the div at 6cps even though I would have preferred lower div to reduce debts. I guess their goal is to return the franking credits ASAP in case the law changes.
Ann: Independent Valuations and Leasing Update, page-2
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Last
36.5¢ |
Change
0.005(1.39%) |
Mkt cap ! $77.52M | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 37.0¢ | 36.0¢ | $24.39K | 66.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 132336 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 75178 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| TOT (ASX) Chart |