This is some serious analysis, Bigshareshead.Good stuff. Thank...

This is some serious analysis, Bigshareshead.

Good stuff. Thank you.

By the way I must have jinxed it with SP falling back somewhat below my expected range. I guess given the volumes this could be day/range trader crowd who rode the recent breakout getting out, and given low liquidity pushing the SP down. Given 7.5c is 45% or so of the stated NTA this is pretty bargain based even in todays market. And below cash backing if I am not mistaken? Either way I am not concerned.

In the meantime, first time buyers are borrowing 95% to buy $600K houses in Sydney. Of course they are certain they cannot lose (the usual crap about RE never falls bla-bla). I thought if it was a MIX share it would be well under $300K plus it would have a nice cashback bonus for buying it. The financial world is just beyond comprehension sometimes.

Not quite midnight drivel but getting close. So good night for now.

Cheers

mlc