Well said.
To sell an asset above book value, hats off. The Fund Manager is clearly doing a good job.
If they sub lease 10 Valentine as its now A Grade given the 20m CAPEX then they could back towards a $120m valuation. At lower cap rates it was valued at $147m. Today it is only $95m. Don't forget it has optionality with BTR
NTA could actually lift then towards $1.90.
It is rare to find asymmetric opportunities and this is one for the patient.
Only 3 assets now left to be sold.
+51% upside to $1.90 if lease 10 Valentine, otherwise sell all assets now and get $1.75 +39% return.
Selling here one is mad.
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Well said.To sell an asset above book value, hats off. The Fund...
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$1.40 |
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Mkt cap ! $229.3M |
Open | High | Low | Value | Volume |
$1.38 | $1.42 | $1.37 | $1.002M | 728.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3866 | $1.40 |
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Price($) | Vol. | No. |
---|---|---|
$1.41 | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3866 | 1.395 |
1 | 7000 | 1.390 |
1 | 15000 | 1.385 |
1 | 16442 | 1.375 |
5 | 68191 | 1.370 |
Price($) | Vol. | No. |
---|---|---|
1.410 | 10000 | 1 |
1.415 | 12490 | 2 |
1.420 | 29090 | 1 |
1.425 | 15000 | 1 |
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