yep they must have read my post this morning re FKP (LOL).
I hope the ASX gives them a speeding ticket, because then LLP will have to update us as to what may have caused price spike, plus how the retirement market is at the moment.
SP dropped off suddenly at the close - hopefully it will pickup steam again tomorrow - still a good buy when NTA 50c+.
In fact - its a circuitous situation. The NTA at 50c is after the big writedowns in r/e valuations (because of flat market). So, if retirement market is picking up per FKP report, then those writedowns by LLP will soon mean that the assets of LLP will become undervalued on the LLP balance sheet. So the NTA of 50c will soon be a conservative valuation ! cheers
LLP Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held