You are wrong to assume the percentage they can sale on properties will be regulated. The whole sector charges the same.
All nta of lend lease and Stockland are the same as Aog
The Dutch fund paid 1.1times book value calculated the same way.
A pension fund will buy it and put on balance sheet at nta
They can cut the fees and good luck having developers building any new retirement and age care communities. There will be a serious social problem with no care and no where for old people to go
AOG Price at posting:
$2.04 Sentiment: Buy Disclosure: Held
