FKP fkp property group
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Portfolio Plus wrote"All of which does not explain the...

  1. plough
    35,622 Posts.
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    06/11/12
    07:38
    Post #: 10961274
    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?
    FKP Price at posting: $1.54 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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