careful, page-19

That method that you suggest Orbis is using may be true however i find that unlikely considering that Orbis' "philosophy is not about investing in high or low growth, big or small, or strong or weak companies. Instead, [they] aim to invest in companies whose share prices do not reflect the intrinsic value of the underlying business."

Orbis, a very successful and experienced investor, according to their investment philosophy believes that Valad's SP does not reflect its true value.

IMO it suggests it is oversold and Orbis expects it to survive this economic trend.

i hold in order to reap the benefit of the market realising in due time that not all REIT's are done for.