it's even better than thatthe funds management goodwill (which i...

  1. 94 Posts.
    it's even better than that

    the funds management goodwill (which i recognise could be lost with the IAB move) isn't recognised given its intangible

    the NTA is also depressed based on pretty funky cap rates that were enforced by the auditors during the heights of the market crisis

    this is the standout stapled trust in the market imho

    part of me even wants to see them lose their management rights! price will tank, then i'll buy some more

    these guys have just got one of the top lawyers in qld as chairman and a two highly experienced fundies have just come on board

    this baby is a 5 bagger easy, but yeah im obviously bias i own some and will be buying more, i love this stock



 
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