Why keep asking the same question? Yes, you are missing something: the value of their cinemas and skii resort business has declined over the past 10 years, offsetting an increase in value in their property portfolio. The net effect is a flat share price.
Their property portfolio was valued at $1.33B as per the 2016 Annual Report. In the 2024 half yearly report, this has increased to $2.28B. It's almost doubled, and that's before you include property sales over the years. The idea that their property portfolio is "going backwards in real terms" is just not true.
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Last
$17.00 |
Change
0.020(0.12%) |
Mkt cap ! $2.762B | |||
| Open | High | Low | Value | Volume |
| $16.97 | $17.20 | $16.81 | $2.952M | 173.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 267 | $16.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.08 | 535 | 2 |
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| Last trade - 16.11pm 31/07/2025 (20 minute delay) ? |
| EVT (ASX) Chart |