Ann: Response to Media Article, page-7

thanks so how would you value the underlying company?

A simple idea I thought of is to separate the co-invest funds from the property manager side of the business (with the property manager side of the business being the difference between NTA and share price).

One can then assess the income from the property management business against this difference.
Eg NTA $1.32- share price $1.72 = 40c x shares on issue 121m = $48m

Then reflect on whether $48m is a fair/good/poor price to pay for the property management business.

Interested in your thought process.
Thanks.