Well when there is $1.70 on the table no suprise. Anyone selling here is mad. The cap rate is 7.0% already expanded and they have ZERO debt! Have all the time.
Parramatta was valued at $147m when leased then are nearly through refurb after 20m CAPEX and and so the $95m valuation at zero vacancy is nuts. Then they have a DA next door for BTR with a car park everyeone in Parramatta wants. The block of land next door sold for $42m, thats right a block of land, less than thensize of Valentine. No wonder Bolten is involved.
You dont buy this for Dividends this is a wind up. History as well shows no discount to NAV on sales.
Study what Australian Unity did by transferring its management rights of Diversfied. It wants out.
With 4 takeover offers. No suprise by Bolten he is active. Also a super tight register that all want wind up prettynsure to get full NAV. Otherwise they would have taken the bids.
Well when there is $1.70 on the table no suprise. Anyone selling...
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Last
$1.21 |
Change
-0.010(0.82%) |
Mkt cap ! $198.9M | |||
| Open | High | Low | Value | Volume |
| $1.22 | $1.22 | $1.21 | $51.36K | 42.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17608 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 35430 | 2 |
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| Last trade - 15.48pm 07/10/2024 (20 minute delay) ? |
| AOF (ASX) Chart |