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Small Cap Stocks Down Under 19 February 2021: Carindale Property Trust, Retail Food Group, Teaminvest Private Group
Carindale Property Trust: Still some room to run
In today’s edition of Small Cap Stocks Down Under, this is our third article on Carindale Property Trust and the situation is remarkably different from the last time we wrote about the stock, back in September 2020. The share price is 38% higher as the market realised dividends are back on the table and another devaluation was unlikely. Carindale is a rather unusual Real Estate Investment Trust (REIT) as it only owns two properties, which are situated in Brisbane’s south-eastern suburbs, approximately 12km from the CBD. Despite the rally, with dividends back on the table and the potential for a positive revaluation, we think this stock still has room to run.
Also in today’s edition, a look at franchise owner Retail Food Group (ASX: RFG) and value-based private equity firm Teaminvest Private Group (ASX: TIP).
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Click here to read the previous edition of Small Cap Stocks Down Under published 12 February 2021