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$0.95 values BP at about $300M. Coincidentally ESR-LOGO recently conducted private placement and preferential offer to raise $300M. Time will tell if this is a coincidence.
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I also think it is unlikely for the same reason you mentioned, but can't help bringing up the coincidence.
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(24-02-2023, 08:48 AM)egghead Wrote: I also think it is unlikely for the same reason you mentioned, but can't help bringing up the coincidence.
LOGOS are developers themselves too, and have more than enough industrial properties to inject into their own managed REITs.
Similarly, FF Wong and team had been dying hard to create their own AUM.
As the old Chinese proverb says "Two tigers cannot hide in the same mountain".
I am not a certified financial advisor and so nothing of what I say should be construed as financial advice. Please consult a certified financial advisor for advice instead.