might be a bit less than that at the current price, but yes it...

might be a bit less than that at the current price, but yes it is fairly compelling providing they can sort the development side of the business out.

the biggest factor in favour of multiplex is the family ownership, they have a vested interest in turning this company round in a big way. i suspect they will do this anyway they can. if the worst happens, they may split the property trust off and realise the value that way.

this is probably one of those contrarian situations where fortune favours the brave, he says with his fingers crossed!