This article is from the Australian Property Journal archive
Investors have come back to Village Life after deserting the retirement village operator following its bigger than expected half year net loss of $13.4 million on March 01.
When the company resumed trade on March 01 – after four weeks of a trade suspension on Australian Stock Exchange, investors sent its shares down by 26 cents to finish at 9 cents.
However, yesterday Village shares clawed back by 7 cents to finish at 17 cents on the trade of 25.5 million shares.
Meanwhile, Investa shares also rocketed by 2.5% in a standard day of trade for IPG.
Investa shares were 5 cents higher to finish at $2.05 on the trade 12 million shares.
Property analysts believe the huge trade could be a speculative buy from investors who are looking to get in earlier on Investa stocks.
Yesterday, the market was abuzz of a possible $3 billion takeover of Investa from either General Property Trust or Stockland.
Property analysts believe the property players will pay a premium of $2.30 for Investa.
Other winners yesterday included Folkestone, Mirvac, Australand and Peet & Company.
Meanwhile, the losers were Desane Group, Metroland, Community Life and Sunland.
The ASX Property Indices was 1.5% higher at 1963.5 points.
By Adam Parsons
Yesterday’s Winners
|
Name
|
Volume
|
Open $
|
Last $
|
Change $
|
Change
|
|
VILLAGE LIFE
|
25,498,152
|
0.083
|
0.170
|
0.077
|
82.80%
|
|
AXIOM PROPERTIES
|
1,300,794
|
0.095
|
0.110
|
0.015
|
15.79%
|
|
FOLKESTONE
|
52,109
|
0.545
|
0.575
|
0.03
|
5.50%
|
|
MFS HOTEL
|
21,100
|
0.970
|
0.970
|
0.045
|
4.86%
|
|
MIRVAC GROUP
|
4,357,771
|
4.220
|
4.340
|
0.13
|
3.87%
|
|
AUSTRALAND PROP
|
668,213
|
2.040
|
2.080
|
0.07
|
3.48%
|
|
PEET & COMPANY LTD
|
142,076
|
2.960
|
3.000
|
0.10
|
3.45%
|
|
FKP LTD
|
229,269
|
5.250
|
5.300
|
0.15
|
2.91%
|
|
ING INDUSTRIAL
|
2,119,429
|
2.290
|
2.330
|
0.06
|
2.64%
|
|
INVESTA PROPERTY
|
12,063,692
|
2.020
|
2.050
|
0.05
|
2.50%
|
Yesterday’s Losers
|
Name
|
Volume
|
Open $
|
Last $
|
Change $
|
Change
|
|
DESANE GROUP
|
10,116
|
0.900
|
0.870
|
-0.15
|
-14.71%
|
|
METROLAND AUST
|
107,000
|
0.140
|
0.130
|
-0.015
|
-10.34%
|
|
COM LIFE FPO
|
116,333
|
0.205
|
0.195
|
-0.01
|
-4.88%
|
|
SUNLAND GROUP
|
255,332
|
1.950
|
1.900
|
-0.09
|
-4.52%
|
|
WENTWORTH MUTUAL
|
2,780,000
|
0.028
|
0.027
|
-0.001
|
-3.57%
|
|
RAPTIS GRP
|
10,000
|
0.910
|
0.910
|
-0.03
|
-3.19%
|
|
MORTGAGE CHOICE LTD
|
22,100
|
2.020
|
2.030
|
-0.06
|
-2.87%
|
|
ARIADNE AUST
|
260,915
|
0.520
|
0.520
|
-0.015
|
-2.80%
|
|
CROMWELL CORP
|
30,247
|
0.710
|
0.700
|
-0.02
|
-2.78%
|
|
APN PROP FPO
|
92,400
|
1.950
|
1.945
|
-0.055
|
-2.75%
|
