Interest rates going up reduce land values. As this is a real estate trust (agrictural land) our net assets have decreached. This means the value of the company and therefore share price has decreased.
The higher interest rates go the lower this will go. When interest rates peak and or get cut our stock should go up.
RFF Chart (TA only), page-572
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Last
$2.04 |
Change
-0.010(0.49%) |
Mkt cap ! $792.0M | |||
| Open | High | Low | Value | Volume |
| $2.05 | $2.06 | $2.02 | $692.1K | 338.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 20350 | $2.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.06 | 12260 | 3 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
$2.04 |
Change
-0.010 ( 0.69 %) |
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| Open | High | Low | Volume | ||
| $2.06 | $2.06 | $2.03 | 70150 | ||
| Last updated 15.59pm 14/05/2024 ? | |||||
| RFF (ASX) Chart |