Yeah that was a total red herring. $10m would be for everything they own, but they don't need to value everything. As they have disclosed already the property valuations are done externally, so they're fine. The market accepts Mirvac, Goodman valuations done by the same firms - it's market standard.
It's the PE and VC stuff that is under a cloud and there's no way all of those would cost $10m. It ain't that complicated for Big 4 valuations to value a shoe store, a bakey, a burrito chain, and an online wine biz (amongst others). None of their PE/VC businesses are particularly large or complex (not a criticism, just the type they seem to go for).
BLA Price at posting:
$3.82 Sentiment: None Disclosure: Not Held
