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Abacus Property (ABP)

ASX.ABP $2.63

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ASX.ABP $2.63

20 MINUTE DELAYED

TODAY

2.33 %

1 YEAR RETURN

0.00%

VOLUME

1,047,691

DIV YIELD

PE RATIO

3.94

52 WEEK RANGE

2.52

3.92

ANALYSIS
OPINION
ACTION

ANALYSIS

Overview

SHARE PRICE ACTIVITY
Last (Price)	2.63
Change	0.06 (2.33)
Bid / Ask	2.63 - 2.65
Volume	1,047,691
Volume (3mths avg)	0
Turnover	2,769,418
Open	2.60
Day Range	2.60 - 2.67
VWAP	2.64
Prev Close	2.57
Last Trade	06.10 01/07 (AEST)

KEY INFORMATION
Sector	Services
Shares Issued	410,440,412
NTA/Share	0.00
Last Dividend	0.09
Dividend Ex Date	30 JUN 2022
Dividend Pay Date	31 AUG 2022

CURRENT ()
Revenue
EBITDA
Profit
Earnings Per Share (EPS)	0.00
Dividend Per Share (DPS)	0.00
Yield %	7.00
Market Cap	0.00
Price to Earnings Ratio (P/E)	3.94

TARGET PRICE FORECAST

ESTIMATES ()
Revenue	0.00
EBITDA	0.00
Profit	0.00
Earnings Per Share (EPS)	0.00
Dividend Per Share (DPS)	0.00

BROKER CONSENSUS RECOMMENDATION

BUY

SELL

Target Price

0.00

Lt Growth Rate

0.00

Recommendation ()

0.00

OPINION

17/02/2022 17:07

Abacus Property (ABP) $3.54

ABP +0.85%; the string of solid updates from Australian property companies continued today with Abacus reporting a good set of numbers + they provided FY22 distribution guidance which shows confidence in their business. Whether you own ABP or not (we don’t – we own National Storage (NSR) in our Income Portfolio), we all have property investments and ABP has their finger in a few pies so to speak. Here are the high notes:

17/01/2022 09:28

Chapter 3 – Increase flexibility & quality

We have already touched on increasing defensives and cash through 2022 but what stocks to hold in respective sectors and the market as we alluded to earlier ultimately dictates portfolio performance and as we expect shorter and sharper cycles opportunities to buy & sell are likely to present themselves at regular times – not being active enough on the sell side was probably our largest portfolio detractor last year.

18/08/2021 09:22

Reporting Today (BHP, BXB, COL, DMP, DHG, ABP, BAP, CTD, NWL, OZL, SUL)

A huge session on the reporting front today we’ll work through results throughout the day. Companies reporting today on MM’s radar include: BHP Billiton (BHP): Reported FY21 results overnight that were largely inline, however a lot of moving parts as we discuss below. Brambles (BXB): Reported yesterday afternoon and the earnings were inline with expectations. Underlying profit was $879.3. which was up 10% y/y and a whisker ahead of the $877m expected

10/03/2021 11:56

Active Income Portfolio – Amendments

We are tweaking our exposure in the Active Income Portfolio today

10/03/2021 09:02

Abacus Property (ABP) $2.68

ABP has been a weak performer in this portfolio with returns underwhelming us to date. While the stock remains undervalued relative to its assets, there are plenty of property stocks listed that fall into this category and we need to be focussing our efforts in the areas that we believe will have the best returns from here

19/02/2021 12:08

Abacus (ABP) $2.69

Abacus (ABP) +2.67%: another stock we own in the Income portfolio out today, first half funds from operations (FFO) fell 10% to $60.6m largely as a result of non-core assets.

ACTION

ABP

UPDATED 17/02/2022 17:33

MM likes ABP but has a preference for NSR in the self-storage space

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ABP

UPDATED 10/03/2021 11:23

MM are selling ABP in the Income Portfolio taking a loss around $2.70

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ABP

UPDATED 10/03/2021 08:52