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27.0¢ us masters residential property fund

My two cents worth. Plan B will be to sell a few properties and...

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boxhillnorth

1,577 Posts.

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26/05/22

15:28

Post #: 61640471
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Originally posted by puppyeh: ↑

here is the playbook: 1) cut most all G&A; 2) convert prefs; 3) ad hoc sell anything one by one that anyone wants to buy, at a <10% discount to NAV (net basis ie after costs); 4) use all excess cash (at least $20mm today, prob >$50mm once this process gets going) to retire shares at huge discount to NAV.

frankly I think this is a 35c+ stock by yr end, maybe a lot sooner as soon as they articulate this. Obviously it is already FFO positive but no reason it can't be $10-15mm AFFO positive on a run-rate basis by early 2023.

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My two cents worth.

Plan B will be to sell a few properties and use proceeds to buyback the URFPA on market.

Probably get some of the URFPA's below $70 now.

URF Price at posting: 27.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 27.0¢		Change 0.000(0.00%)		Mkt cap ! $195.4M

Open	High	Low	Value	Volume
27.0¢	27.0¢	27.0¢	$79.74K	295.3K

Buyers (Bids)

No.	Vol.	Price($)
2	450188	27.0¢

Sellers (Offers)

Price($)	Vol.	No.
27.5¢	725586	5

View Market Depth

No.	Vol.	Price($)
2	450188	0.270
2	552344	0.265
5	845198	0.260
6	528026	0.255
3	164003	0.250

Price($)	Vol.	No.
0.275	725586	5
0.280	1749186	8
0.285	146081	2
0.290	331506	4
0.295	69910	2

Last trade - 10.10am 03/05/2024 (20 minute delay)


Last 27.0¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
27.0¢	27.0¢		27.0¢	10373
Last updated 13.17pm 03/05/2024 ?

URF (ASX) Chart