From a 10,000 foot view, its a good thing.
As much as anyone hates to see a company suffer, we have a significant amount of the population unable to find or afford rentals. Our high immigration is a key driver in that (not the sole reason). IEL have been riding that gravy train for long enough, as have the universities.
The regulatory environment is (finally) changing in response to that.
Id have thought this was largely expected and somewhat priced in, but it seems it has caught some by surprise.
From a 10,000 foot view, its a good thing. As much as anyone...
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Last
$15.50 |
Change
0.040(0.26%) |
Mkt cap ! $4.314B | |||
| Open | High | Low | Value | Volume |
| $15.60 | $15.64 | $15.20 | $21.49M | 1.392M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3240 | $15.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.51 | 3700 | 5 |
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| Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
| IEL (ASX) Chart |