And getting more undervalued by the minute finch2.
Admittedly its not a flash day anywhere but I wonder if the market isn't starting to focus on the potential issues surrounding the creation of secondary markets in MIS ?
I'm of the view that this will have a profound effect on the operation of Agricultural Tax Effective MIS in Australia - particularly if this or subsequent governments make it compulsory - as they should.
This is because it will force those offering these type of MIS to ensure that there is real value in the projects from day one - rather than the fee fest that most schemes currently are.
This will of course be a good outcome for the punters but definitely not for the promoters who will be forced o accept much more standard rates of return for the projects together with reputational risk for any dud projects they serve up.
That same reputational risk will also be focused on the various advisors who have been able to rake in huge commissions (10 - 12%) for putting their clients intop the projects with little risk of embarrassment - not because the projects are currently so good but because reporting standards are so non-existant that its years before the investors even get a clue as to how their project is going and no pricing mechanism to value that progress or allow comparision between schemes and promoters.
GTP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
