Est recent cash or net CA: 30m Est recent tangible realizable asset gearing: 34 (50% reported) Est recent NTA/sh: 1.79 Est recent PE: 4.1 Est forward PE: unknown. Est recent div/sh: 0.15 Est debt/equity ratio: 25 Est average price of 0.375 for 4.8% of issue traded in last 8 days. Est average price of 0.32 for 14.8% of issue traded in last 20 days.
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Thought I might try a little short term pre-Christmas retail shopping with MCW's exposure to ~264 grocery anchored shopping centres.
~97% occupancy. ~16 year avg lease. ~3.9 year avg debt term. Next refi 200909 I think.
Main anchors are Woolworths, Coles, Rewe, Schnuck. Supervalu, Pblix, Kroger, TJX.
Remember that a compulsive shopping disorder is bad for financial health.
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NB - Please DYOR, my research can be dated and inaccurate and I have frequently been proven far more incompetent than I believed myself to be. This is not financial advice. Merely my potentially flawed reasons for being interested in the stock. My gearing ratio is unconventional.
MCW Price at posting:
30.5¢ Sentiment: ST Buy Disclosure: Held
