Just did some updates on likely FY18 results...NTA @ $2.41....and we close today @ $2.15...seems to me the dreaded 10% fall in RE prices is already baked into the closing price. But we have an almost guaranteed stream of profits for Fy19 and to a lesser extent FY20. Where can you be almost assured of armageddon immunity over the next two years? Plus the earliest date for finance renegotiation is Oct 2020!
Please, I am more than happy for someone to legitimately upset my rosy thinking here. Referring to my long forgotten surfing days...we can sit out the back and watch for quite awhile.
VLW Price at posting:
$2.15 Sentiment: Hold Disclosure: Held
