I'm struggling to see the downside risk here? Long-term leases with good rent increases, new properties in the pipeline, debt maturity years out and strong secular trend for industry.
Bar a complete coronavirus lockdown where daycares go out of business (i consider this unlikely), i don't see anything to justify the drop?
At these levels, assuming a 6% CAGR in Div & NTA and a return of the SP to NTA, its looking like a 15% compound return.
Thoughts?
Caning in Childcare, page-11
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Last
$2.37 |
Change
-0.050(2.07%) |
Mkt cap ! $882.7M | |||
| Open | High | Low | Value | Volume |
| $2.48 | $2.50 | $2.37 | $1.841M | 769.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 27053 | $2.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.38 | 1589 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CQE (ASX) Chart |