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.
Well said.To sell an asset above book value, hats off. The Fund...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AOF (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.24 |
Change
0.020(1.64%) |
Mkt cap ! $203.8M | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.24 | $1.22 | $482.8K | 391.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 227034 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 16177 | 2 |
View Market Depth
| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| AOF (ASX) Chart |