Good post, but in my opinion the elephant in the room is management. Lousy management thats the biggest issue, as I wrote previously. At the financial results we saw revenue increase (purchase) management fees increase result of more turnover and a guidance for a lower dividend.
Management is in a comfort zone, back in November last year it was clear cheap money era was over. Why did the management did not react then but continued buying ? obviously the sellers was the "smart money" . This is the GFC all over again there will be buying opportunities sooner for some Reits or later like CLW!!
good luck and cheers
Good post, but in my opinion the elephant in the room is...
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Last
$3.95 |
Change
-0.040(1.00%) |
Mkt cap ! $2.840B | |||
| Open | High | Low | Value | Volume |
| $4.00 | $4.02 | $3.95 | $4.049M | 1.021M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 11227 | $3.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.97 | 19147 | 3 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| CLW (ASX) Chart |