SCG 1.27% $3.19 scentre group

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  1. 16,507 Posts.
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    "when this hysteria passes eventually (probably 2024 i think), and things are COMPLETELY back to normal, this will easily be back to $4.50+ and they will resume the 21c divvy like the last one before the virus."

    @pete11,

    Two questions I think you need to answer to support those kinds of predictions:

    1. How much of that 21c distribution figure, which you referenced, was funded by organic cash flow generation and how much of it was funded via the assumption of increased borrowings? And how sustainable is that?

    2. Given that prior to Covid, the stock has always traded at a small (5% to 10%) discount to NAV, and given its NAV is now $3.63/share, why would it trade at $4.50, which represents an unprecedented 24% premium to NAV?

    .
 
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