All i know is that the rights issue must be tanking right now given the very recent drop back to 65 cents. While i am a holder i dont look on the rights issue favourably. Why seel equity input at this price? Smells like desperation to me.
I hope I am wrong.
On the postive the stock is trading way, WAY below book value and the last results were not that bad. Perhaps the market is pricing in a housing downturn but the reality is even in a downturn, NSW will still need to build accomodation. Rental market is exploding so plenty of tenants to fill newly constructed homes.
long term investment, page-7
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Last
31.0¢ |
Change
0.005(1.64%) |
Mkt cap ! $167.4M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 31.5¢ | 30.0¢ | $73.82K | 241.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 371510 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 41239 | 1 |
View Market Depth
| Last trade - 15.09pm 20/11/2024 (20 minute delay) ? |
| AVJ (ASX) Chart |
