More likely in 2023 at 50 cents after a 30:1 share split. It must be cheap at 50 cents eh
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Will be many relieved ex-shareholders thankful for the $6.00 offer they took at the time!
I was certainly one of them, that was quite the roller coaster ride leading up to the $6 too. A few snippets from their report are interesting:
1. Debt has risen by $384.8 million to $742.6 million, reflecting increased momentum in building the development pipeline, developing new units and villages and the Selwyn acquisition, the balance sheet remains robust with gearing (debt to valuation) of 28%.
2. Net assets have increased to $2.1 billion, up 13% on FY21.
3. Net profit after tax was $78.7 million. The decrease from the prior year $304.4m
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