I would have thought a sheep station was more likely than a piggery, too capital intensive along the lines of chickens which they recently disposed of.
It's a bit of a tightrope to make acquisitions, maintain a 4% increase to annual payout & develop existing properties all while maintaining debt covenants.
I suspect RFF also have an eye on the likely interest rises over the horizon in 1-2 years time.
Happy for them to develop existing assets & increase the distribution coverage, which is getting very close, rather than make more acquisitions.
Hold at these levels, add sub $2.20 IMO.
RFF - General discussion, page-22
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Last
$2.04 |
Change
0.030(1.49%) |
Mkt cap ! $790.6M | |||
| Open | High | Low | Value | Volume |
| $2.02 | $2.06 | $2.01 | $4.013M | 1.969M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 25972 | $2.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.04 | 8 | 1 |
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| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$2.04 |
Change
0.030 ( 1.64 %) |
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| Open | High | Low | Volume | ||
| $2.03 | $2.06 | $2.02 | 1335763 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| RFF (ASX) Chart |