I think the point that most people seem to be missing is that not a single company listed on the ASX has assets listed in their accounts that are 100% accurate, RFF is no different.
Valuations are subjective, if you got 5 real estate agents round to value your house you'd get 5 different valuations.
Assets are only worth what someone else is willing to pay for them, you only know with 100% accuracy what they are worth when a sale contract is signed.
The difference with RFF is that they have no intention of selling their properties for the foreseeable future if ever.
The Balance Sheet is just a snap shot at a particular point in history, a rich Chinese buyer could approach RFF & offer them twice the value recorded in their books.
In 25 years time RFF could choose to sell a property at 3 or 4 times the current price, the value recorded in 2019 would be completely irrelevant.
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Last
$2.05 |
Change
0.010(0.49%) |
Mkt cap ! $797.3M |
Open | High | Low | Value | Volume |
$2.04 | $2.07 | $2.04 | $1.002M | 488.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 50535 | $2.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.06 | 8130 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2228 | 2.040 |
5 | 8535 | 2.030 |
5 | 39478 | 2.020 |
10 | 45210 | 2.010 |
48 | 87772 | 2.000 |
Price($) | Vol. | No. |
---|---|---|
2.060 | 2228 | 1 |
2.070 | 2228 | 1 |
2.080 | 11454 | 2 |
2.090 | 7083 | 2 |
2.100 | 48083 | 4 |
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