"It was ironic that on the eve of the US shorting battle, $10bn Australian hedge fund Caledonia wrote to its clients to tell them it was planning to short Australia's large office and retail-based property trusts, plus others involved in the retail sector." Robert Gottliebsen, The Weekend Australian, 30 January 2021, page 31.
My response would be that I would not aid a shorter by selling my own holding in panic. I would reserve the right to pick up shares dropped from weaker hands. I would not take part in a GME NYSE type defense because eventually bag holders would suffer.
I concede that there are some head winds for the REIT sector but it is my conviction that the current SPs derisk those head winds somewhat.
Holding.
IMHO DYOR
MGR Price at posting:
$2.38 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)