Thanks Cam, do we win prizes for knowing it in one?
That sort of profile is reminiscent of many asset accumulating companies. It's very important to look at the profit and ascertain how much of it is based on revaluations (and hence one-off) and how much of the present asset valuation is the company propping up asset prices.
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- roe - on its own, it can mislead badly
roe - on its own, it can mislead badly, page-15
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