Out of the dark, into the blue. That will happen to PBD like it did to CER. People were ignoring the NTA when CER was trading at 1/20 of NTA. Now look what happend. Smart investors like Orbis picked the cheap shares up and made a fortune. The same will happen here over the next 12 -18 months. Current NTA at 22c and with a sp below 6c there is no risk of buying in an overpriced company.
I sold out at $5.15 close at the high years ago and after yesterdays rollercoaster it trades just at about 1/100 of its all time high. Smart LT investors will make a fortune even if the property market in Perth should go down further 10 %.
DYOR, read the last ann especially the refinancing parts and you will see how solid the company has come back from what look liked the certain death. Like CER.
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