Treasure Chest | 10:30 AM
FNArena's Treasure Chest reports on money making ideas from stockbrokers and other experts. Today's idea is Abacus Group.
By Danielle Ecuyer
FNArena's Treasure Chest reports on money making ideas from stockbrokers and other experts.
Whose Idea Is It?
Shaw and Partners
The subject:
Abacus Group ((ABG)).
Shaw and Partners highlights the attractive discount Abacus Group securities are trading on relative to its revised NTA, after accounting for higher interest rates and the divestment of its 19.9% stake in Storage King Group ((SKG)).
Strategically, the refocusing of the REIT to a more property-centric business has come a step closer, as has the deleveraging of the balance sheet to facilitate significant acquisition capacity.
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