Ann: Earnings guidance and key organisational changes, page-27

The figures were from annual
Report

Are you suggesting that rental books are bought and sold on revenue

Ie- I collect 20 million in gross commission and can sell it for 2x , or three times? (40 or 60 million)

I collect 50 000 in rent for one client - it grosses me 2.5 k before my costs- you want to pay me 5 k to 7.5 k for remainder of the contract?

If you think the market is placing a value of all non PM business at near zero- then your saying the rental collections business is being valued by the market at its market cap- which is currently 72 m - I don’t think so