has sgp telegraphed their intentions on fkp?, page-2

That's agood scan PortfolioPlus, your eyes are better than mine.

The first right of refusal Stockland has over FKP is a clear indication that SGP has plans. They are simply haggling over the price and timing. The improvement in the market will force their hand sooner.

As you say, the rock bottom price is 76c as with all the write downs, all concerned including the auditors believe that 76c is fair value.

Add to that a takeover prenium of say a conservative 20% and we are looking at 91c If they don't move on FKP soon the sp will likely be 91c by xmas anyway.

We have a win win situation here for holders.