If last year's announcement history is any guide, we could see...

If last year's announcement history is any guide, we could see an update on the Clarke property progress next month.

Given the Philippines property market hasn't exploded out of the post COVID gate à la Australia's, it's possible the aligned stakeholders aren't pushing to keep to the original timeline.

Assuming the Philippine based director is pulling the strings, it would probably be worth holding off another 12 months until the economy recovers to gain the additional 5% (>US$1.5 million) commission no?


Based on the current market cap, I sense the case remains strong for an eventual big (although less big than before) payday. Although the delays and more 'exciting' momo opportunities currently available in the market make interest subdued until solid news of the sale is released.

The patient investors are already in. The less patient are either selling or have no interest to begin with. That premise could be entirely wrong, but it's where I currently sit.