RIC 0.79% $2.55 ridley corporation limited

Ann: Ridley Delivers a 20% Uplift In Earnings, page-34

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  1. 17,482 Posts.
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    Sorry no can do, I cant find it again. I remembered I took some details down and I found those but that's it.
    What I posted is what my notes said. The property was worth that much but that was the value at December last year I think.
    Also apparently the property assets are not considered in the PE valuation.
    The property is considered undervalued on RIC's books but also under used.

    I still think to have that property is a great asset and it helps underpin RIC's value and strength.
    Think of it this way, if you or I owned that property and never used it and went to a bank for a loan Im sure the bank would value that property in a positive light.
 
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