From AFR April 16th
"Then there were the heavily discounted A-REITs, including Valad Property Group now trading at 4c a unit, he said.
Valad was a trust priced for bankruptcy, he said. "In the worse-case scenario, Valad net asset value will be 30c a unit," Mr Christopher said. Valad's book net tangible asset value is 51c."
Longterm buy ?
could vpg tank..?, page-96
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