I had a look at URW after the fall from $10 to $2.60ish caught my eye. Like many I entered the market in March with the simple plan of buying covid distressed shares that will rebound post covid. Nobody believes in that anymore- surely.
What concerns me is that URW fell from about $15 in 2018 to about $11 precovid. The fall since Feb/March is simply a continuation of a fall already 2 years running. Also, the SP was at a discount to book equity even before covid- an indication that the market was already wary.
The REIT model is a trap when things are not going well- the lack of profits retained to get through the downturns. And the global headwinds against shopping centres will exist even beyond covid.
A falling knife.
Not meant as a down ramp.
GLTAH DYOR
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I had a look at URW after the fall from $10 to $2.60ish caught...
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Last
$6.19 |
Change
-0.090(1.43%) |
Mkt cap ! $699.3M |
Open | High | Low | Value | Volume |
$6.22 | $6.24 | $6.17 | $727.1K | 117.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4647 | $6.19 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.21 | 4076 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1724 | 5.800 |
1 | 5055 | 5.780 |
1 | 909 | 5.500 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
6.210 | 4076 | 1 |
6.300 | 260 | 2 |
6.350 | 5400 | 2 |
6.370 | 21276 | 1 |
6.450 | 760 | 2 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
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