I had a look over this company after it was mentioned in the AFR this weekend.
There's a lot to like, but I agree with you about the CapRate. I just can't figure out how it's come down so far whilst rates are going up. Sure, there was some expectations that rates would drift lower, but that seems over-factored in even before that likelihood fell away.
Is there significant development value in a large portion of the land perhaps? Any other reasonable explanations?
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Last
$1.17 |
Change
0.010(0.86%) |
Mkt cap ! $1.537B | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.18 | $1.14 | $754.1K | 651.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5732 | $1.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 14665 | 1 |
View Market Depth
| Last trade - 16.10pm 12/06/2024 (20 minute delay) ? |
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Last
$1.17 |
Change
0.010 ( 0.39 %) |
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| Open | High | Low | Volume | ||
| $1.18 | $1.18 | $1.14 | 152642 | ||
| Last updated 15.59pm 12/06/2024 ? | |||||
| ASK (ASX) Chart |