ABP 1.45% $2.71 abacus property group

Undervalued?

  1. 141 Posts.
    lightbulb Created with Sketch. 13
    In light of the takeover offer for NSR, does Abacus look undervalued? They have less of their portfolio in Self-storage but as the industry consolidates there are fewer and fewer locations to invest in.

    They also have a small (less than 5%) holding in NSR so could make a counter offer or join the bid to divide up the properties.

    I like the long-term economics of the industry so if NSR does get taken over want to stay in the sector and this seems the only other way to on the ASX.

    Any thoughts from holders or watchers?

 
watchlist Created with Sketch. Add ABP (ASX) to my watchlist
(20min delay)
Last
$2.71
Change
-0.040(1.45%)
Mkt cap ! $2.218B
Open High Low Value Volume
$2.75 $2.79 $2.67 $5.140M 1.887M

Buyers (Bids)

No. Vol. Price($)
6 42279 $2.70
 

Sellers (Offers)

Price($) Vol. No.
$2.71 7508 3
View Market Depth
Last trade - 16.10pm 04/03/2021 (20 minute delay) ?
(live)
Last
$2.70
  Change
-0.040 ( 1.90 %)
Open High Low Volume
$2.76 $2.79 $2.67 506816
Last updated 15.59pm 04/03/2021 (live) ?
ABP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.