DigiCo slumps in second ASX session, and backer HMC Capital falls, too

Sigma Healthcare

15/12/2024 23:58

** Shares of Australian data centre landlord, DigiCo
Infrastructure REIT  DGT.AX   RIC  fall as much as 8.8% to
A$4.15, in second straight session of losses since listing on
Friday
    ** It is currently trading at A$4.25, 15% below its A$5.00
offer price
    ** DGT is backed by money manager HMC Capital  HMC.AX  and
its top boss, David Di Pilla. 
    ** HMC Capital down 6.5%, while Sigma Healthcare  SIG.AX ,
whose top investor is HMC, was down 5%
    ** Morningstar last month gave DigiCo a high uncertainty
rating with a fair value estimate of A$3.40 per share. 
    ** IPO price assumes high rates of return, said Morningstar
analyst Roy van Keulen, adding that this was unlikely, or
unlikely to persist given the competitive nature of the industry
    

 (Reporting by Rishav Chatterjee in Bengaluru; Editing by Sonali
Paul)
 ((Rishav.Chatterjee@thomsonreuters.com;))