Asset price would have to be downgraded by 20% or more before they would be close to reaching their 50% debt limit (thus forcing either asset sales or capital raising).
10 year bond is around 4.5%
Risk free premium 1-2% above bonds (Long wale, bluechip etc)
So based on the average cap rate of 5.25% you could expect a small valuation downgrade but nowhere 20% in my opinion.
Of course the risk is that rates need to go higher and that will affect things but there is still a reasonable buffer. If management is doing the right thing, they will be disposing of some properties to reduce debt now in a controlled fashion at or close to market value. Hopefully they confirm this at the meeting later this month.
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Last
$3.79 |
Change
0.040(1.07%) |
Mkt cap ! $2.740B |
Open | High | Low | Value | Volume |
$3.75 | $3.80 | $3.74 | $9.167M | 2.424M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5298 | $3.77 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.79 | 37857 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1990 | 3.760 |
2 | 3988 | 3.750 |
3 | 6872 | 3.740 |
1 | 2988 | 3.730 |
2 | 3997 | 3.720 |
Price($) | Vol. | No. |
---|---|---|
3.790 | 13989 | 1 |
3.800 | 73738 | 10 |
3.810 | 2988 | 1 |
3.820 | 5074 | 3 |
3.830 | 4817 | 3 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
CLW (ASX) Chart |
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