good news at last, page-5

Thumbs up Houlb agree 100% bagging management is unproductive, sure they made mistakes but so did most of the A-REIT's pre GFC. Instead of selling the farm Valad have worked some good deals to save the company look at the potentual for DUKE in Europe to increase profit in the future. Bringing Top Ryde to a closure finally has released Valad from potentual debt obligations. Now management can concentrate on the good projects we have in the portfolio as you pointed out Goldfields and Pentridge are 2 excellent projects abd now it looks like 100% ownership of Sheraton Noosa had been achieved at a discount. Don't forget Goldfields and Noosa are both paying the bills by making money now. I was at the AGM were the baggers there? If you dislike the management so much why not sellout and move onto some other AREIT with super managers, I for one will be holding as the company has the potentual with both the projects it has for the future and under management now