Not attacking this one
SO ATTACQ has listed with the initial public offering (IPO) price being 1450c (slightly below the initially planned 1500c) and the stocks opened on the first day at 1700c before drifting down to 1650c. A decent enough return for one day if you got in the IPO and sold, but where to now?
The property sector is currently not preforming as bond yields take the shine off property stock yields, and with the listing boom of the last couple of years and the price boom that we’ve seen I can’t see significant upside in the sector generally or in Attacq specifically. That said, while we may see some price weakness, I would not expect a sell-off of any note but total returns (price move plus any distributions) over the next 12 months are likely to be high singledigit at best, which is nice and ahead of inflation but hardly setting any records. So if you currently hold Attacq then continuing to do so will offer some return, but I would not be buying property right now as there are better returns to be had in the market.