Is Rural Funds a buy?Based on a share price of $2.20, it’s trading on a FY20 forward distribution yield of 4.9%. This was a solid and dependable result. However, it’s trading at a premium of more than 25% to the underlying net asset value (NAV) per unit.
I think Rural Funds is one of the best options for reliable income on the ASX, but the current premium seems to be expensive for investors wanting strong total returns. I look forward to buying more on any material share price weakness.
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exactly the point I was making its NTA is like $1.75 and its trading at $2.20
Is Rural Funds a buy? Based on a share price of $2.20, it’s...
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Last
$1.88 |
Change
0.005(0.27%) |
Mkt cap ! $768.1M | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.90 | $1.87 | $887.1K | 472.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 40999 | $1.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.89 | 6272 | 1 |
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| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| RFF (ASX) Chart |
