Surprise, surprise RPF's valuation for the period ending Dec 2011 show a decrease in valuations of $12.4m giving a NTA of 4cps. Refer previous post and if we were to use LEP's increase in valuation over the same period we would see an increase valuation for RPF of (12.4m + $25m = 37.4m) equivalent to an NTA increase of 24cps or actual NTA of 28cps. We are currently being offered 2.59cps.
With the Dec 2011 results RPF has a lower overall valuation than LEP yet: LEP rental income = $25.7m RPF rental income = $31.73m (20% greater)
Also of note in the Dec report RPF have accumulated losses of $400m that I am sure GS which add value to the carry on takeover value.
Look FWD to seeing the "Independent" Experts Report.
Vote NO.
RPF Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held
