The stock of Australian Unity Office Fund (ASX:AOF) reached all time low today, Nov, 10 and still has $1.80 target or 13.00% below today’s $2.07 share price. This indicates more downside for the $290.57 million company. This technical setup was reported by Barchart.com. If the $1.80 PT is reached, the company will be worth $37.77M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock closed at $2.07 during the last session. It is down 6.00% since October 11, 2016 and is uptrending. It has outperformed by 0.35% the S&P500.
More recent Australian Unity Office Fund (ASX:AOF) news were published by: Smh.com.Au which released: “Let elderly parents control their own assets” on August 25, 2016. Also Smh.com.Au published the news titled: “Charter Hall pays $525m for Macquarie’s Shelley St office tower” on May 24, 2016. Smh.com.Au‘s news article titled: “Australian Unity snaps up industrial site to bulk up fund” with publication date: September 08, 2015 was also an interesting one.
Australian Unity Office Fund is a real estate investment trust that owns a portfolio of eight office properties located across Australian metropolitan and central business district (CBD) office markets. The company has a market cap of $290.57 million. The Fund’s investment objective is to provide unitholders with sustainable income returns via quarterly distributions and the potential for capital growth over the long-term by investing in a portfolio of Australian office properties. It currently has negative earnings. The Company’s properties include 30 Pirie Street, which is an A-grade office property; 10 Valentine Avenue, which comprises 14 levels of office space and basement parking; 5 Eden Park Drive, which comprises three levels of office accommodation; 32 Phillip Street and 468 St Kilda Road, which are B-grade office properties; 241 Adelaide Street; 2 Eden Park Drive, which comprises 16 attached united, and 64 Northbourne Avenue, which is a six-level office property.
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