more rochedale sales, page-3

I've been planning to start offloading at $2.10 - but if HY report is unsurprising, will probably move it to 80% of current NTA - $2.70. All underlying factors seem to be either neutral or favourable to FKP ATM. Interest rates/lending rates down and still expected to fall, cap rates stable to falling/ yields stable to increasing, new home sales improving, residential property values appear reasonably stable and supported, some merger and acquisition activity in the REIT arena.

I have concerns about the separation as well, unless it is obviously fair - I feel that all problems have been to do with management actions at the most senior levels - they now know they are not teflon coated I think. I am concerned the separation might look like good value on the surface but could be a "game" to separate shareholders from their rightfully owned share of NTA.

I don't want to pretend that there haven't been problems, but I can't find anything else in the market that has prospects for rerating like FKP. Their non retirement related segment seems to be performing very well.