Doesnt the delay in the sale of the Mt Gravatt building mean that its hard to find a buyer that will buy it near what thought they could sell it for. i.e. near the valuation on the books.
And doesnt that mean the valuation on the books is potentially much higher than its current value.
And if the valuation on the books is too high in current market conditions for this building, arent the valuations for all the buildings valued by the same valuer in the same marketplace too high.
I would say their inability to sell the building is indicative of a lot more problems than just the short term loss of a 5 c dividend.
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All my inexpert opinion DYOR
RRT
record realty
