Yes I think the company will take a fall
So they had a target of $3.1 to $3.3 bn. They announce they have exceeded $3 bn.
That announcement is a red flag.
They didn't say if they meet guidance. They didn't meet guidance and that explains the vague statement
Make sure check the full year results carefully because there will be smoke and mirrors
My contacts in water industry tell me the days of 17% returns are over 5 to 10% ... this being the case no more performance fees on water
They will meet fum numbers only by borrowing to building student accomodation as they treat debt and equity in these projects as funds under mgnt .
There are student accommodation buildings in Brisbane Sydney and Melbourne with tenancy rates of 50%. Good luck with performance fees
No performance fees the company will only just break even - that is fact
Chart - BLA starting another rally?, page-20
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