CMW 1.19% 41.5¢ cromwell property group

sudden jump up, page-4

  1. 54 Posts.
    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
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Last trade - 16.10pm 15/08/2024 (20 minute delay) ?
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