DUE 0.00% $2.99 duet group

Agree this is a great opportunity. Also read an article today...

  1. 667 Posts.
    Agree this is a great opportunity. Also read an article today regarding duet and that due to their low interest cover ratio, the increasing interest rates that are expected in the next 6 months could effect them by quite a bit.

    I'd hate to see them go into further debt to cover the purchase of any Prime assets. I'd be happy with a capital raising to fund the purchase of those assets, and a cut of possibly 1c to the distribution maybe for the next 2 distributions to reduce debt since interest rates are on the move.

    I'd certainly buy more duet shares if I knew they had the plan of slightly lowering the dividend now to reduce debt, so that the dividend could increase in the future as the interest expense would be less. Although i'm sure a lot of other holders wouldn't view it this way and jump ship, which is probably why they haven't/wouldn't do it.
 
watchlist Created with Sketch. Add DUE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.