Abacus Group Stapled (Unit, Ordinary Share) - New
ABG: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|@% | LOCK|Rd$ | LOCK|$M^%!TP |
Abacus Group: Selling Storage King Shares; Downgrading Our Fair Value to AUD 1.10
Abacus agreed to sell its 20% interest in Storage King for AUD 285 million via two block trades: 9% to an undisclosed party at AUD 1.00 per Storage King security, and the rest to Ki Corporation at AUD 1.20 per security. On average, the sale price is AUD 1.11.
