Why the BWP Trust Share Price Rose Yesterday

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What Happened to BWP’s Share Price?

Shares in BWP Trust [ASX:BWP] traded as high as $3.02 yesterday. The move up put the stock into an all-time new high. The stock is also moving up alongside the bullish trend of the general market at the moment.

Why Did This Happen to BWP Shares?

The stock market is pricing in strong earnings for the company. BWP owns properties throughout Australia, primarily on the eastern seaboard. It’s primary tenant is the Bunnings Warehouse chain. It pays out its rental income as dividends to investors. Investors are looking for yield as the Australian central bank cuts the interest rate.

What Now for BWP Trust?

BWP Trust’s half-year results will be announced on 11 February 2015. A rising share price now indicates this will be a positive announcement.

Callum Newman
Editor, The Daily Reckoning

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Callum Newman

Callum Newman

Callum Newman is the editor of The Daily Reckoning and Associate Editor of Cycles, Trends and Forecasts. He also hosts The Daily Reckoning Podcast. Originally graduating with a degree in Communications, Callum decided financial markets were far more fascinating than anything Marshall McLuhan (the ‘medium is the message’) ever came up with. Today Callum spends his day reading and researching why currencies, commodities and stocks move like they do. So far he’s discovered it’s often in a way you least expect. To have Callum’s thoughts and insights on the current state of the currency, commodities and stock markets delivered straight to your inbox, take out a free subscription to The Daily Reckoning here.

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