Yes I agree that they've clearly signalled feeling "comfortable" with the current gearing level and digesting the recent acquisitions and not adding new debt. However I believe Bryant is being driven by his personally committed objective to have RFF reach ASX200 and therefore there should still be some moves planned ahead in his playbook. The market cap is up there already I think, but I assume they'll need to find ways to increase RFF liquidity (trading volume in terms of dollar value and the number of transactions) to be deemed eligilble to the index?
Personally I think they will nevertheless buy if blue chip ("strategic") properties such as Cobungra would come on the market at the right price. Such properties are Bryant's "legacy". I would not be surprised if there would be an entitlement offer by end of 2019. Pure speculation from my part of course.
Yes I agree that they've clearly signalled feeling "comfortable"...
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Last
$2.00 |
Change
0.010(0.50%) |
Mkt cap ! $777.8M | |||
| Open | High | Low | Value | Volume |
| $1.99 | $2.01 | $1.99 | $1.151M | 575.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 17587 | $2.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.00 | 54998 | 1 |
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| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| RFF (ASX) Chart |