more rochedale sales, page-13

Is this an indication of where the share price should be:

pro forma NTA is $0.58 ($4.06) of which the retirement component is at $0.28 ($1.96) with this 20-30% discount suggesting a price of $1.37-$1.57 just for the retirement component.

Conservatively applying a similar discount to the other remaining component, pro forma NTA of $0.30 ($2.10) which comprises property where the value is much less of a discussion point (i.e. residential, industrial and commercial as opposed to retirement - see Australand offer from GPT which was actually at a premium for the commercial/industrial assets)shows $1.47-$1.68.

This results in a SP range of $2.84 to $3.25 with this upper end of the range almost double the current share price.