RFF 1.02% $1.94 rural funds group

As a previous RFF holder, I'm definitely out for the near-medium...

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  1. 427 Posts.
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    As a previous RFF holder, I'm definitely out for the near-medium term as I see no positive upside for RFF as yet.

    Reasons why I am not buying RFF at this time.

    1. Earnings FY19 was well below consensus, no catalyst to turn this around as yet.
    2. Adjusted NAV of $1.80 per share - NAV could just be somewhere ~$1.6/share.
    If valuations are on the upper side, NAV could be lower than $1.6/share,

    I'd probably jump back in if RFM changes the fee structure- earnings based not on asset valuation.

    cheers,
    Rey
 
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