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Duxton Water Ltd. ( (AU:D2O) ) just unveiled an update.
Duxton Water Limited reported a $22 million increase in its portfolio value during the quarter, reaching a new high of 91.5 GL. This growth was primarily driven by recent water entitlement acquisitions and rising allocation prices. The ongoing warm and dry weather conditions in the southern Murray-Darling Basin have contributed to declining dam storage levels, affecting water availability. The company’s leasing percentage decreased slightly due to increased portfolio holdings, but demand from irrigators remains strong. The Commonwealth Government’s water buyback program aims to recover 450 GL for environmental purposes, impacting the market dynamics and stakeholder interests.
More about Duxton Water Ltd.
Duxton Water Limited is an investment company focused on building a portfolio of permanent water entitlements in Australia to provide flexible water supply solutions to farming partners. The company offers various supply solutions, including long-term entitlement leases, forward allocation contracts, and spot allocation supply to generate returns.
YTD Price Performance: -0.37%
Average Trading Volume: 63,769
Technical Sentiment Consensus Rating: Buy
For a thorough assessment of D2O stock, go to TipRanks’ Stock Analysis page.
