KPG - Kiwi Property Group

[Dolcile]

Hey Basil, where can I buy this for 93cents? I'm assuming that's what you paid.

[lorraina]

Last
Change
Buy
Sell
Open
High
Low
VWAP
Volume
Turnover
$0.925
0*  0%   
$0.925
$0.930
$0.930
$0.930
$0.925
$0.929
68,019
$63,176
Buyers
Buy Quantity
Prices
3   35,838   $0.925
7   55,934   $0.920
8   33,238   $0.915
8   29,141   $0.910
2   20,524   $0.905
5   2,512   $0.900
5   201,150   $0.890
2   5,800   $0.885
4   150,683   $0.880
2   65   $0.870
46   534,885   
Prices
Sell Quantity
Sellers
$0.930   15,567   3
$0.935   3   1
$0.945   17,046   3
$0.950   14,500   2
$0.955   32,930   1
$0.960   540   1
$0.975   30,000   1
$0.980   70,000   1
$0.995   3,318   1
$1.000   12,543   2
196,447   16

[Shareguy]

KPG has guided to a FY27 DPS of 5.75cps which KPG expect to be at the upper end of its 90%-100% AFFO payout range. Yes I think it's been good buying and have been adding. They don't have a good track record though of EPS growth. Hopefully Drury will be a gold mine for them. Might be time for them to consider a buy back?

[Basil]

Might be time for them to consider a buy back?

LOL I'm not so sure mate.  93 cents isn't all that far away from NTA of $1.12.
I'll be asking the board of ARG about a buyback at next weeks annual meeting though.  Share price of about $1.06 and NTA at $1.60 gives an immediate NTA return on capital invested of 51% for shares bought back.

[Basil]

Hey Basil, where can I buy this for 93cents? I'm assuming that's what you paid.

Yes mate, that is almost exactly my average entry price.  Technically this is incorrect, but I treat these as a quasi bond and with their PIE structure they're returning me an effective, equivalent 9.25% gross yield.  (6.2% net / 0.67 = 9.25% gross equivalent yield for a 33% taxpayer).