Just did some updates on likely FY18 results...NTA @ $2.41....and we close today @ $2.15...seems to me the dreaded 10% fall in RE prices is already baked into the closing price. But we have an almost guaranteed stream of profits for Fy19 and to a lesser extent FY20. Where can you be almost assured of armageddon immunity over the next two years? Plus the earliest date for finance renegotiation is Oct 2020!
Please, I am more than happy for someone to legitimately upset my rosy thinking here. Referring to my long forgotten surfing days...we can sit out the back and watch for quite awhile.
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- Ann: Guidance Update FY19
Ann: Guidance Update FY19, page-9
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