Failed the stag profit but good buying at these levels, page-21

seems to be extremely weak with most insto holders not committing to support it in the after market

since august 17th, it is down 23%, from $1.07 to 82c ish on September 15th, not even a month later.

now down 18% from the issue price $1(i bought some at ipo) on a solid profit report, which was 90% above previous corresponding(albeit 1H is usually small half) but still way above guidance of 12% NPAT for the full year.

This gives comfort that the prospectus will be met or exceeded, perhaps by 5-10% range due to additional timepiece stores in NZ.

Lets see 2H and the dividend which will be significant. currently yielding over 8% FF

Long term, there are a lot of apartments still to be built especially in sydney.