Ummm it looks like its a 20% reduction for 25% of the year to me.... so a 5% reduction overall. The board won't be joining the centrelink queues anytime soon lol.Not a big deal, just that they'd better not come to shareholders now asking for cash...
But lets talk SP.... From pre Covid highs, it implies something like 40% of their property valuation has been slashed. Pretty significant.Their balance sheet looks good for a year or so, so it would be surprising if they were forced to sell anything whilst devaluedIs this not as good as a sure thing to return back to the $4 mark in 2 years time?
Everyone loves a 30% annualised return. But there are of course risks. This isn't quite a buy and forget.
News: SCG Scentre Group Says Board Agreed To 20% Cut In Base Board Fees, page-3
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Last
$3.20 |
Change
-0.015(0.47%) |
Mkt cap ! $16.59B | |||
| Open | High | Low | Value | Volume |
| $3.20 | $3.21 | $3.17 | $2.839M | 890.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 136696 | $3.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.20 | 83224 | 24 |
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| Last trade - 11.20am 05/07/2024 (20 minute delay) ? |
| SCG (ASX) Chart |