I think we have found a bottom and it will head north from here...

I think we have found a bottom and it will head north from here because;

1. Duxton directors are buying on market
2. The discount to NAV has widened to 19% and I can see Duxton initiating a buyback if it goes much further
3. The yield is now attractive at about 4.9%
4. Entitlement values are turning around
5. Regal owns a good chunk of the register and has likely been accumulating (look out for another significant interest notice) as they love this space and bought into one of the biggest unlisted players in this market in Kilter Rural.
6. We live on a dry continent and a drought is just around the corner after 3 very wet years. I may be wrong in the very short term but i won't be by this time next year