Hi guys, and you know i have said im never gonna buy any stocks in my life ever again, except physical gold/silver.
But CPA has me very interested, it is the owner of physcial office building in major AUS cities most of them A grade.
Its got a descent yield about 6.1%, its come off its highs, it looks to have very good management, its gearing is about 26%, which is ok since interest rates are low but could be a problem if rates go up again.
Chart looks like it will touch $1 soon, anyone buying this one, or own it? i might buy some if it drops to around 98c-$1.01 mark over the next few weeks. and it goes EX div around 25th JUNE?
im guessing after it gies EX div the stock should take a it of a dip?
thanks anyone. does anyone know what the NTA backing is?
CPA Price at posting:
$1.06 Sentiment: ST Sell Disclosure: Not Held