RJT have been careful in the wording of the announcement re the Earthquake that the PML (probable maximum loss) of the impacted properties is LESS than 15%. Although this is only a statisical measure the actual PML in the RJT records (from website) sit at 3% for both properties.
Only actual facts and a damage assessment will help understand any value destruction that may have been caused by the quake, but from my perspective this and tax loss selling have driven the price to an attractive (high risk) level.
Ralphi
RJT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
