NZL - NZ Rural Land Co IPO

[golden city]

Looks like before dividends a little break out forged

[nztx]

Looks like before dividends a little break out forged

how soon do you reckon this one starts spitting out little dividends - golden ?

[percy]

NZL expects to pay an inaugural interim dividend
of 2.0 cps in February 2022 and follow-up with
a final dividend in August 2022 of 2.7 cps, for a
total dividend of 4.7 cps in FY22. NZL highlights
that it has one of the longest WALTs (10.65 years)
and one of the highest forecast dividend yields in
the NZ listed property secto

[golden city]

Not far away

[golden city]

We are back to the listing price soon looks like

[nztx]

Not far away

No multi bagger here just yet ?

[percy]

Interesting to know in their latest research Craigs, rate NZL as "overweight" with a $1.35 target price.

[golden city]

I am happy with where the company goes I actually bought a few at 1.10 which looks ok with the dividends comming

[nztx]

Hold on to your hats folks - IT'S ANOTHER CAP RAISE

Timing couldn't be better as markets are buckling ahead of heavier interest rates
& Govt funny money created INFLATION with more to follow when the band-aids get torn off


https://www.nzx.com/announcements/393381

New Zealand Rural Land Company Limited (NZX.NZL) has today announced a Pro Rata Accelerated Renounceable Entitlement Offer to raise approximately $20.38 million (Offer). The net proceeds of the Offer will be used to fund the acquisition of two further dairy assets, Argyle Downs and Greenhill.

What happens when Farm Prices start deflating ?

Never mind .. the NZL Share Price is bound to plummet just out the Cap Raise first

How well will this Raise go down or will north of 50% of the New Shares run unwanted
and have to be placed to find a new home ?

An earlier Cap Raise didn't exactly inspire a robust support level, did it ?

[beetills]

WillNZL have to raise capital whenever they buy a new property?