It does seem irrational. Though CIP is trading well below its pre COVID levels, yet results remain on track. You could argue that the share market is betting Centuria will deliver higher growth then gets factored in conservative portfolio valuations. There is also the bond proxy argument - ultra low interest rates drive the price of bond (proxies) up. when the dust settles post COVID there will be renewed hunt for yield - assuming inflation does not leap up. Also consider Their cap raise at $3.15 was well supported by insto and retail markets.
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 (20min delay)
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Last
$3.09 |
Change
-0.010(0.32%) |
Mkt cap ! $1.961B | |||
| Open | High | Low | Value | Volume |
| $3.09 | $3.11 | $3.08 | $3.904M | 1.262M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 3801 | $3.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.12 | 7656 | 4 |
View Market Depth
| Last trade - 16.10pm 28/07/2025 (20 minute delay) ? |
| CIP (ASX) Chart |