Several days post trading suspension its trading well and there has been no precipetous fall in price. Time will confirm whether or not it was a good transaction. Personally I think its the right thing to do, and at least the foot print has plenty of room to expand and had the right mix of debt and equity. Some people get uncomfortable with CRs and wanted more debt, however there may be written or implied debt covenants, which may impact future borrowing.
I'll certainly accumulate more over time for the SMSF. When considering the fully franked dividend and the rebates available for the accumulation and draw down phases of one's SMSF, the grossed up dividend is comfortably over 7%. And as we know, if there is a 7% plus compounding yield, on dividends alone, you will double your money, without consideration to capital gains.
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7 | 13757 | 3.520 |
7 | 57773 | 3.510 |
24 | 173526 | 3.500 |
5 | 13478 | 3.490 |
Price($) | Vol. | No. |
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3.570 | 24354 | 4 |
3.580 | 45645 | 6 |
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