There could be a few reasons for the price jump:
* Interest rates falling mean people are looking for better yields than the banks are offering, and cash is moving into yield stocks.
* Falling interest rates lower borrowing costs for REITS (if borrowing on-shore; so might be a windfall for CMW).
* Recent dividend increase means an upward re-rating.
* Recent buy-up of the unlisted sister fund drops NTA a little, but did I read there might be another small upside to dividends?
* Word is being passed around about CMW. My accountant noticed CMW on my books and said he'd been told by a broker friend to buy some.
BUT ... we've been up to 85c before, and its usually dropped back to NTA. Be nice if this is a permanent re-rating this time; but I'm holding it for long-term yield in any case.
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Last
41.5¢ |
Change
-0.005(1.19%) |
Mkt cap ! $1.086B |
Open | High | Low | Value | Volume |
42.0¢ | 42.0¢ | 41.5¢ | $199.7K | 479.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8740 | 41.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.0¢ | 275431 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3802 | 0.415 |
4 | 45209 | 0.410 |
4 | 112200 | 0.405 |
10 | 161531 | 0.400 |
2 | 30000 | 0.395 |
Price($) | Vol. | No. |
---|---|---|
0.420 | 255431 | 5 |
0.425 | 126891 | 6 |
0.430 | 89123 | 5 |
0.435 | 94460 | 4 |
0.440 | 65946 | 5 |
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