6 months ago my eyes would glaze over if I saw anything to do with REITS
now Im infatuated and eagerly digest anything written about commercial property.
I only got into REITS because a mate lost a packet buying them on the way down. He'd come by and ask me what I thought of stuff like BEC and MFI ( not really a REIT but close). I got curious because I could see the value even in Sept/Oct but fotunately for me ( which balances other misfortunes) held off buying.
Then by early Dec it became compelling. I thought this is nuts and started buying.
Looks like the REITS bottomed on 18 Dec or thereabouts. I reckon the credit squeeze will be over soon since credit squeezes are not chronic conditions but flare up quickly and die down just a fast. By June 09 conditions should normalize in credit markets in Oz and investors will start chasing yield, esp if you only get 4% on bank interest.
I've got 8 REITS now, ABP is a class act amongst them
Players like ABP are perfectly positioned to use there extensive relationships to raise cash for opportunistic funds which they will manage. TCQ has already raised $100 million and looking for another $100million
If punters dont make 3 to 5 times their money on a good REIT portfolio from here over the next year or two I'd be very suprised.
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$1.29 |
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Mkt cap ! $1.152B |
Open | High | Low | Value | Volume |
$1.24 | $1.29 | $1.24 | $539.9K | 421.9K |
Buyers (Bids)
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---|---|---|
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Price($) | Vol. | No. |
---|---|---|
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No. | Vol. | Price($) |
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2 | 10269 | 1.275 |
2 | 10269 | 1.270 |
3 | 3974 | 1.265 |
1 | 2059 | 1.260 |
1 | 2059 | 1.255 |
Price($) | Vol. | No. |
---|---|---|
1.290 | 60698 | 6 |
1.295 | 35902 | 3 |
1.300 | 6000 | 2 |
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1.310 | 2059 | 1 |
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