Yep - exactly right.
Was a bit strange to not get a Dec-22 valuation on any of the buildings... but better than admitting you have lost $10-$15M in just 6 months of ownership.
Also fairly concerning that the mgmt presentation focus is all on "growing FUM", "leasing reaming space".
As for "closing the gap to NTA" -- very quiet on this one!!
They have Buckley's chance of growing FUM for 2-3 years until Share price is +20% where it is now, and their would any interest in a cap raise. Or trying to increase gearing on their assets.
Volume Spike, page-8
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Last
42.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $90.13M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 43.0¢ | 42.0¢ | $31.15K | 74.16K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38291 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 1748 | 1 |
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| Last trade - 13.15pm 17/10/2024 (20 minute delay) ? |
| TOT (ASX) Chart |