Not sure there's anything cooking except a new Board in charge with heavy skin in the game more concerned with maximising shareholder value than eliminating risk.
The reason for the tick up would be a combination of US optimism (Trump finally pulling his head in) and the increasing inevitability of a vaccine.
Take all the guff away about a permanent shift in online behaviour (yes people will work from home more but they'll still want to get out and visit malls) and then compare:
1. How different is the landscape really going to be for malls between September 2019 and September 2021?
2. How different are the balance sheets, NTA, shares on issue and market capitalisations likely to be between those dates?
3. Does it justify this sort of share price action? Where might it reasonably be this time next year if we get a vaccine?
I've got my fill now but happy to enjoy the ride, at least until it starts approaching something like NTA.
Not sure there's anything cooking except a new Board in...
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Last
$6.18 |
Change
0.210(3.52%) |
Mkt cap ! $705.3M | |||
| Open | High | Low | Value | Volume |
| $6.09 | $6.18 | $6.09 | $701.1K | 114.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4800 | $6.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.18 | 639 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| URW (ASX) Chart |