Oh a comedian, hopefully rff doesn't go belly up, unless it's...

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pete11

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10/01/19

12:24

Post #: 37079447
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Originally posted by bakerrrrrr ↑

Originally posted by pete11
What I don't get is why rff is trading so much above its $1.50 NTA book value, why is the market valueing rff so highly?
It should be trading around $2 to be honest it's on a or of 21 as well, too high, should be closer to 15 this isn't some tech stock that has lots of growth ahead of it
I'm firmly of the belief that it is the dividend that is setting the SP. This is one of the few stocks on the ASX where we can all see the div for the entire financial year ahead and the way the business is managed it is very unlikely that there will be nasty surprised or disappointments when it comes div time. So people are using this as a safe place to get a good rate of return that is slightly better than other places (fixed income investments etc). The income from the divs isn't 100% guaranteed, but its about as close as you get on the ASX and then on top of the steady return you also have exposure to the upside should RFF pull a rabbit (or high paying rabbit farm) out of its hat.

For me, all the other financial measures are just assessments of the companies health and then div sets the price.

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Oh a comedian, hopefully rff doesn't go belly up, unless it's pork belly
Hopefully rff doesn't become a turkey either, unless it's a turkey farm that is

RFF Price at posting: $2.19 Sentiment: Sell Disclosure: Held
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(20min delay)
Last $1.88		Change 0.000(0.00%)		Mkt cap ! $768.1M

Open	High	Low	Value	Volume
$1.88	$1.89	$1.88	$619.0K	328.7K

Buyers (Bids)

No.	Vol.	Price($)
12	57184	$1.88

Sellers (Offers)

Price($)	Vol.	No.
$1.90	6996	1

View Market Depth

No.	Vol.	Price($)
4	19920	1.985
10	76758	1.980
7	8997	1.975
9	47579	1.970
1	1840	1.965

Price($)	Vol.	No.
2.000	5322	1
2.010	7232	2
2.020	18060	4
2.030	27198	5
2.040	11560	3

Last trade - 16.10pm 22/11/2024 (20 minute delay)

RFF (ASX) Chart