Cashley,
If they value it down then the reduction in red asset backing willo drop by the portion of the parks fund benficially owned by APZ.
Also if the rents fall significantly on a new lease, the cap rate will reduce as the downside risk will have been realised (mostly). The cap rate reflect the very short term expiry risk and the high existing rental, until January 2013.
So not so bad but still hostage to the Karattha property market which is not positive.
Cashley,If they value it down then the reduction in red asset...
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Last
$1.78 |
Change
-0.015(0.84%) |
Mkt cap ! $354.6M | |||
| Open | High | Low | Value | Volume |
| $1.80 | $1.80 | $1.73 | $9.525K | 5.452K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5749 | $1.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.78 | 32910 | 1 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| APZ (ASX) Chart |