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.
There could be a few reasons for the price jump:* Interest rates...
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Last
42.0¢ |
Change
-0.010(2.33%) |
Mkt cap ! $1.099B | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 42.5¢ | 41.5¢ | $323.4K | 770.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 194892 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 59411 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| CMW (ASX) Chart |