These things can deteriorate in the blink of an eye. Case study: the REITs during the GFC
excluding Centro, most were adequately geared, cashflow positive and no/minimal covenants.
however, many of them fell 95% and had to undergo substantially dilute cap raiding to reduce gearing ratios.
min gearing is horrendous and would have overall negative EBITDA at present
the debt holders would have levers to pull irrespective if they don’t have covenants built in
the Dalian finished right on its low and lithium is so far off the avg price they were fetching during the June quarter.
history has a way of repeating itself. The way good quality reits were treated during gfc is testament to this
These things can deteriorate in the blink of an eye. Case study:...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MIN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$34.21 |
Change
-1.960(5.42%) |
Mkt cap ! $6.722B | |||
| Open | High | Low | Value | Volume |
| $35.01 | $36.32 | $34.21 | $118.8M | 3.376M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1141 | $34.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.25 | 2395 | 2 |
View Market Depth
| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| MIN (ASX) Chart |