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$4.41 carindale property trust

Bellwether - GC Oasis Shopping Centre Sale, page-19

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optimistus

4,590 Posts.

856

30/12/22

10:05

Post #: 65478059
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Originally posted by optimistus: ↑

The valuations have recovered a little but still well behind where they were in 2019, remembering they purchased "Millennium Boulevard?" not long before COVID.

I expect any further recovery in valuation will depend upon Operating revenues increasing. I was a little surprised they provided distribution guidance of 26c+ so I'm hoping for further modest revenue upside.

If so, and barring any nasty shocks the DRP may be an elegant (and temporary) solution. I wouldn't want it to be permanent but 2-3 years at 70% participation should be enough to get gearing to more comfortable levels, particularly if we see even modest lifts in revenues (even though they may be partly a result of inflation).

I've recently topped up, time will tell if we'll see any recovery or just a slow grind lower on stagnating revenue (in which case I'll have little to look forward to as the dividends will be funded by progressive Capital Loss from increasing Shares on issue).

Having said all this, plenty of REITs still in the doldrums with the threat of recession, not limited to just CDP. Property generally still on the nose.

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And what is with someone buying 1 share at the top of the range every day? How is this a "genuine" trade when the pattern is repeated on a daily basis?

CDP Price at posting: $4.28 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $4.41		Change 0.000(0.00%)		Mkt cap ! $349.5M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	780	$4.32

Sellers (Offers)

Price($)	Vol.	No.
$4.41	3200	3

View Market Depth

No.	Vol.	Price($)
2	780	4.320
2	266	4.310
1	2999	4.300
1	2500	4.250
1	10000	4.240

Price($)	Vol.	No.
4.410	3200	3
4.430	1189	1
4.440	10510	2
4.450	45154	1
4.490	380	1

Last trade - 13.56pm 31/05/2024 (20 minute delay)

CDP (ASX) Chart

Day chart unavailable