It is odd this has not been hammered over the last two days like other REITS. Possibly a sign someone has been accumulating?
Interesting also that today most of the sell stack has been removed. Either it was felt unnecessary to suppress the price due to the general negative market sentiment, or this might be about to run.
The starters gun would be if someone cleans out 17c in one hit. Then it would be very interesting to see the sell side reaction to that, and how many more come on at 17c.
This is now the most discounted liquid REIT. Possibly a sign of how damaging it is to be associated with ING.
IIF Price at posting:
14.9¢ Sentiment: None Disclosure: Held