good value in thi share, page-14

70% LVR is death in this market

Even Rubicons wth supposed LVR of 40-60% with NTA of 40-50c/share got winded up

RCU i think is dead and am surprised cap raising got oversubscribed which i think is stupid. Ppl obviously got short memories f the credit crunch

RCU fair value given market conditions should be below 5c and even then i wont be buying it

These days all these crap about NTA and LVR means nothing because if you cant pay the loans you get wounded up

I dont really believe divvies are coming from income stream, rather from capital which makes it a Ponzi scheme-like setup. This is the basic setup of nearly all property trusts before the credit crunch and RCU is no different

BE VERY VERY CAREFUL