My initial thought is this isn't too bad for BWP (and very good for NPR holders!).
We get some properties at a discount to NTA (1.39 vs NPR's NTA of 1.85), all while paying with our stock only trading at a small discount to NTA (3.75).
Will add a bit of scale. NPR seemed too small with all the head office costs and a bit too leveraged.
It remains to be seen whether distributions increase. That has been the BIG disappointment for the past 4-5 years
Ann: Proposed Merger of BWP and NPR Investor Presentation, page-2
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Last
$3.58 |
Change
0.030(0.85%) |
Mkt cap ! $2.547B | |||
| Open | High | Low | Value | Volume |
| $3.57 | $3.59 | $3.55 | $804.8K | 225.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 15452 | $3.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.59 | 18553 | 24 |
View Market Depth
| Last trade - 15.53pm 23/07/2024 (20 minute delay) ? |
| BWP (ASX) Chart |