Toma, as we all know, class 101 in property talks about location, location, location....and FKP has this in spades...including Gasworks which has the capacity to become the "North Sydney" of Brisbane, if you know what I mean. Besides its very much a planned, staged development and when you start racking up good solid corporate citizens like Energex and BOQ, plus their minion suppliers it augers well.
On the residential front, FKP has great land banks with close proximity. Rochedale in Brisbane is a prime example.
Leaving aside a "Steve Keen, Titanic, incoming giant meteorite" scenario I really see little for a valuer to hack off our NTA
So, $4.00 value on sale for $1.18...just nuts!
Put another way, how long do you think a $400,000 house with a $180,000 price tag would last?
Our trouble is that the average Yogi bear who can understand the extreme value of the house, is unaware of or unable to interpret the FKP proposition.
I last saw this in AEU where I was buying at $0.56...today it's $1.20ish. Much the same company, much the same assets and management...perhaps a slicker hairdo and voila...RECOGNITION.
It is just a matter of time before the value is unlocked in FKP.
FKP Price at posting:
$1.02 Sentiment: Hold Disclosure: Held
