the report says that fkp is working on merging rvg and fpg retirement assets to create a newly listed $1bil company . Fkp have already carried out this (TPG style )capital realization of retirement assets in New Zealand ( between 3 groups ) the result there was NTA to full value. Which equated to doubling initial capitalization
I read the report as, these guys are gunning for full NTA on retirement assets via a separate listed company . Rvg needs cash to make it happen , Fkp got the cash for it's part of this to be newly listed company in the last CR . If these guys play the game here as what they did in NZ they should be unlock the value for holders . indication to me is stock land is out of the picture for the retirement assets.
FKP Price at posting:
$1.54 Sentiment: LT Buy Disclosure: Not Held
