If they are worried about long term debt, and have such good asset quality, they should just dump a high quality shopping centre or two. Even if it’s at a substantial BV discount, it would be hard to do worse. Anything above 50% of BV reduces gearing, and it would be substantially better for shareholders.
URW is doing what’s best to maintain a real estate empire, not what’s best for shareholders here. An equity raise at this point is just awful.
Still, it’s probably cheap, but will be kept down by sentiment.
If they are worried about long term debt, and have such good...
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Last
$6.07 |
Change
0.000(0.00%) |
Mkt cap ! $704.2M | |||
| Open | High | Low | Value | Volume |
| $6.13 | $6.13 | $6.06 | $1.607M | 264.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1080 | $6.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.76 | 7127 | 3 |
View Market Depth
| Last trade - 15.59pm 09/07/2024 (20 minute delay) ? |
| URW (ASX) Chart |