Stocks Down Under 7 September 2020: Vicinity Centres, Objective Corporation, Navigator Global Investments
Vicinity Centres: I don’t want to be anywhere in this vicinity
Vicinity Centres is the second largest retail property manager listed on the ASX with approximately $24bn in retail properties under management. The headquarters are in Chadstone in suburban Melbourne. While Vicinity Centres has 64 shopping centres in its portfolio, the company has a direct interest in 60 and manages 32, of which it has an interest in 28. Investors often need reminding that bigger is not always better. That saying is perfectly embodied by Vicinity Centres.
Also in today's edition, a look at government and large organisation specialised software provider Objective Corporation and hedge fund asset manager Navigator Global Investments.
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