Portfolio Plus wrote
"All of which does not explain the ridiculous discount to NTA."
On page 8 of the Annual report shows
retirement division underlying profit $113M made up of operating profit $33M and revaluation $80M.
Then on page 10 under heading outlook it states they are to reduce unit prices of retirement properties by 6%.
An increase of revaluation seems to contradict a 6% price reduction . Anyone care to share their thoughts?
$105m of proceeds from aerial pre-sales, page-6
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