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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There could be a few reasons for the price jump:* Interest rates...
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Last
44.0¢ |
Change
-0.005(1.12%) |
Mkt cap ! $1.152B |
Open | High | Low | Value | Volume |
44.0¢ | 44.0¢ | 43.0¢ | $1.148M | 2.627M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 65000 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.0¢ | 72566 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 65000 | 0.435 |
3 | 34558 | 0.430 |
4 | 129378 | 0.425 |
7 | 110954 | 0.420 |
5 | 68780 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.445 | 474128 | 6 |
0.450 | 116637 | 11 |
0.455 | 127430 | 6 |
0.460 | 232183 | 12 |
0.465 | 138302 | 8 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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