This really sucks for long time holders, you would only be well...

This really sucks for long time holders, you would only be well off if you bought recently - within the last two years...

Say you bought 100,000 shares at 1.46 on the 24/01/18

Dividends ( according to simply wall street )
$29K
Final capital return
$98K
Total cost: $146K
Total return: $127K
Realized loss: 19K ( -13% over 4 years )

Be thankful the Australian dollar is doing crap, because that is helping somewhat here.

Buy high, sell low - great strategy. If they believe in the NAV so much then just let people buy new at a discount and reap the dividend income from the PPA's.

Based on dividend of $7K per year (117K left ), it would take 16 years to get your total costs back. However, NEW PPA would only go out for 14 years...

So perhaps the NAV was inflated in the first place and the market realized it.

Is it better to get 98k now or collect that over 14 years if the current dividend is held. For new investors ( no pun intended ) I would say this a good deal. Just don't buy any assets managed by this company with the proceeds.