Summary:
Est cash or net CA: $115m
Est Tangible realizable asset gearing: 42% (45% reported)
Est recent NTA/sh: 152
Est recent PE: 2.2
Est forward PE: unknown.
Est recent div/sh: 11
Est debt/equity ratio: 45
Est average price of 29 for 4.2% of issue traded in last 8 days.
Est average price of 32.5 for 10.4% of issue traded in last 20 days.
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Yes, MOF is exploding at the moment for a reason not apparent to myself. Down 16% today on a 'mere' 7.5m shares which is 81% of the 100 day average volume.
As the gearing is not that high relative to some others, the only thing I can think of that is causing this is it's exposure to Citigroup centre?
Anyhoo I snaffled some before the close as it looked a little oversold, and I just hope that it was the dow futures and not insider dumping on some nasty piece of news about to come out, or knowledge of a capital raising.
Some sellers were quite desperate to be out before the bell, but surprisingly no big lines came on for sale in the closing auction.
Profile: 43 buildings, 49% USA, 42% Aus, 8% EU.
Around 96% leased.
Avg lease 5.2 years.
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NB - Please DYOR, my research can be dated and inaccurate and I have frequently been proven far more incompetent than I believed myself to be.
My gearing ratio is unconventional.
Summary:Est cash or net CA: $115mEst Tangible realizable asset...
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