Sell @ $0.995
Decided to clear my last few lots. After it xd, prices didn't drop more than the DPU = 3.6616ct. (cd $ $1.02). After I sold, it hit a high of $1.01 and closed @ $1.005! Looks set to get higher in the coming days, otherwise the Equity Fund Raising will not be that successful. At an indicative rights price of $0.965, the market price does not have a lot of leeway to drop. Any drop means more units have to be issued which means a higher dilution to DPU and yield.
The other negative is the recent weakness of the A$. During listing, it was 1.309 but has dropped to 1.278 by end-Apr and is now @ 1.243 (~-5%). This will impact the DPU & NAV in the longer term if A$ stays weak.
Will likely only look at it again after they complete the Fund Raising. 😀