Over the years before the GFC valuers were easily persuaded to overvalue property by Reits to sustain their unrealistic growth. Now the same valuers are completely the opposite and undervalue because they are afraid of their own shadow. I have no problem with the current Nta of this company. The assets of Fkp are caught in a area that can't be measured like commercial or industrial and can't be measured like residential, so it's a asset class that is difficult to really value, so most valuers have recently taken retirement living valuation very negatively.
The reality is most of us are going to end up there and it's only time that will correct the negative
My take on the unusual trading and all-time low in ,Fkp, is someone wants this company and is making sure the price is so depressed that ,when they make a takeover bid at even 100 percent premium to the current price,it will still be a bargain This is only my opinion
FKP Price at posting:
$1.09 Sentiment: Hold Disclosure: Held