Even Rubicons wth supposed LVR of 40-60% with NTA of 40-50c/share got winded up
RCU i think is dead and am surprised cap raising got oversubscribed which i think is stupid. Ppl obviously got short memories f the credit crunch
RCU fair value given market conditions should be below 5c and even then i wont be buying it
These days all these crap about NTA and LVR means nothing because if you cant pay the loans you get wounded up
I dont really believe divvies are coming from income stream, rather from capital which makes it a Ponzi scheme-like setup. This is the basic setup of nearly all property trusts before the credit crunch and RCU is no different
BE VERY VERY CAREFUL
RCU Price at posting:
$2.70 Sentiment: Sell Disclosure: Held
