Yes. even selling out at $1.65 (inclusive of 9c of dividends) would be a good ROI. However, the liquidity of such a large stake (19.9%) makes that very difficult. It is not like TOT can simply sell them on market, as it would squash the share price. They would need to find an insto buyer....
Provided that there is another listed property player out there that sees the potential in IAP this should be achievable. (as equally to acquire a holding that large pushes up the SP significant, as happened for TOT (maybe +20 cents increase to 'undisturbed price'?)
TOT Price at posting:
90.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)