Yes well just a few points. Firstly it isn't a buyback as it's not cash reserves from the REIT itself. Rather it is the investment managers parent company buying stock so that's completely different.
The thing about actual buybacks though is that they tend to magnify profits (losses) due to a smaller amount of share OS.
So if they did use the REITs cash for a buyback, they would effectively magnify the looses per share.
Anyway this doesn't seem to be the case, of course they should if anything focus on the preference shares given the savings they will make on CPU coupons (effective 12.5% right now).
Yes well just a few points. Firstly it isn't a buyback as it's...
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Last
34.0¢ |
Change
-0.010(2.86%) |
Mkt cap ! $239.9M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.0¢ | 34.0¢ | $144.0K | 419.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 183469 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 219333 | 3 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| URF (ASX) Chart |