There's an article in today's "Australian" newspaper on page 27 about how the RBA rate drop is adding some impetus to REIT's high-yield rally. But the star of the REITs (enhanced by a big picture of CMW's Executive Director Paul Weightman) is Cromwell.
Having bought my CMWs over several years at an average SP that provides me with a 10.2% yield I won't be buying any at today's high price.
The big question for today's speculators is: Can Cromwell's high share price keep rising?
I'd prefer it to drop to 62.5 cents so I can dollar-cost-average my holdings down by increasing my holdings by buying more.
The only event that would induce me to sell any CMWs is a big yield plunge.
So I'll sit pat and watch the CMW distributions pour into my bank account every 3 months and be grateful I got my CMW's when they were unpopular. This chart was in the Aus too:
CMW Price at posting:
$1.09 Sentiment: Hold Disclosure: Held
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