I sighted a broker review this morning based on FY23 results....

I sighted a broker review this morning based on FY23 results. Target price 70c. A few points which need fleshing out for current holders include the potential lowering of gearing due to two factors, their are current contracted asset sales in progress and there is also a non-binding indicative offer under consideration for the flagging Polish assets of $508m+ (current book value $$732.7m). These sales would bring gearing back from 40%+ to around 30%. However there would be a book loss of $224m+ incurred on the Polish sales. Current NTA is .84c but I suspect if those sales go ahead the NTA would be substantially lower but would still well exceed the current SP. At this price it would seem to be a longer term proposition for the yield investor. Current yield is around 7%