Correct . . .
On fundamentals WTP is severely oversold.
However, the market prices this business on the future prospects of the construction & priperty sector . . . hence the continued downward pressure on the SP.
After the credit issues are addressed/resolved, WTP will return to an appropriate price. How badly will Aussie property be impacted by the global credit & property worries? That is the big question . . . different set of conditions . . might be a different outcome.
In the meantime enjoy the divies.
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Currently unlisted public company.