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Junior Member
I'm holding GEM,... regardless of whether UBS sells after this or not,....
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Just read but haven't confirmed GEM is one of the top 10 shorted stocks atm; shenanigans and volatility ahead !!?
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Sold GEM a while back and switched to baby rollup MFD. Increased holdings a few days ago by 60% @ 92c.Worth a look DYOR
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Originally Posted by Joshuatree
Sold GEM a while back and switched to baby rollup MFD. Increased holdings a few days ago by 60% @ 92c.Worth a look DYOR
Good luck - I've been following them for a while. I'm not convinced. 92c may prove to be an astute entry point; cheap even if it all plays out positively. Too many question marks for me.
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Hi Hec, yes an oversupply of centres and stagnant govt subsidy/ rebates has not been good for operators but increased rebates start in july and the inefficient operators will drop out.Many will be locked into leases with an annual 4% rise is what ive read in the latest presentation. MFD is ready to rollup well sited centres in the next up cycle, starting soon i hope , for a rerate , this sector coming back into favour with investors into growth and a good D/Y. Time will tell.
Last edited by Joshuatree; 30-05-2018 at 08:40 AM.
Reason: Well sited not better
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Originally Posted by Joshuatree
Hi Hec, yes an oversupply of centres and stagnant govt subsidy/ rebates has not been good for operators but increased rebates start in july and the inefficient operators will drop out.Many will be locked into leases with an annual 4% rise is what ive read in the latest presentation. MFD is ready to rollup well sited centres in the next up cycle, starting soon i hope , for a rerate , this sector coming back into favour with investors into growth and a good D/Y. Time will tell.
MFD share price in the low eighties and they've "anticipated" paying a full year dividend of 9.2 cps in early 2019.... If they hold to that guidance from mid Aug... that's a stonking return. Starting to look very interesting.
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Hi Hec , thanks i missed that . Looks like oversupply is with us for some time yet. MFD has flicked two inferior props and bought two better ones in Victoria. Im re 10% down but holding for longterm hopefully and yes that div is very juicy esp at current price of 83.5c!! Considering topping up but wary of the Macro atm.
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Last edited by Joshuatree; 28-11-2018 at 09:51 PM.
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MFD ,Good result and guidance outlook is up. S/p 105.5c, 8.9 c div after a really hard year things now look like up to me, we are over the hump. S/P responding up 6.5c atm (11c earlier).
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