since this thread started a few months ago, share price is down another 20%.
reality is they are not offloading properties fast enough.
a couple of millions of dollars a month of sales is too slow to make a real dent in their debt.
URF notes II & III has combined debt of about $250m
with their interest rate at +8% interest
reality is URF will still be bleeding interest costs.
I suspect they can't offload property faster because they are cherry picking only those properties that can be offloaded at a market price above book value.
and then to top it off New York and related property prices are now dropping. google New York residential prices
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Last
35.5¢ |
Change
0.005(1.43%) |
Mkt cap ! $250.5M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.5¢ | 35.0¢ | $35.73K | 101.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12500 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 588005 | 5 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| URF (ASX) Chart |