MOF 1.75% 28.0¢ macquarie office trust

anyone still holding?, page-19

  1. 2,071 Posts.
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    there are a lot of pessimism.

    Just in December/January there was issue of units @.20 cnets

    What changed? Pore bad news from this company - no!
    More bad macro news? Yes , sure it scare people off.
    Just look today was 20% drop because of bigg sell off - no.
    Was it mainly due to overall Macquarie / Economy situtaion- yes.
    Well , as somebody said investors do not like property and debt - this compnay already been punished SP was down by 90% in the last 8 month!

    Now, they will have to close the gap between SP and net asset value - otherwise it will be subject to takeover/privitization/share buy back
    Busness is still good, US property was valued oready down by 50%. Australian by 10% (but most of Australian property was bought in mid 90s - for good price)

    I bought today at .92 , avaraged to.1 ;

    Well let's see.Tryig to be realistic.
 
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