Interest article in today AFR page 46 "Step gains from deep lows"....despite ther rally REITS still trading at -19% discount to NPV which....remembering sector trades at average P/NAV +10% over past 29 years. Despite MCW have better prospects trading well below peer average.
As such would suggest there are a few instos broker desks have orders in to net accumulate this by using the usual tactic of ensuring the sell side pressure on weaker/ST holders. I have strong feel it will take-off again very soon even before news confirms distribution and solid refinancing prospects on acceptable terms.
MCW Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
