I call complete B.S. on that.
31 March 1994 the share price was $1.18.
https://www.rbnz.govt.nz/monetary-po...on-calculator/
To keep pace with general inflation (CPI) the share price according to the RBNZ inflation calculator should be $2.11 so in real inflation adjusted terms its ~ half what it was 27 years ago.
But wait there's a LOT more. How bad is that relative to say an investment in the housing market. House price gains since then off the same RBNZ calculator means anyone investing in housing has seen their $1.18 value climb to $7.89 !
KPG as a property stock has been a complete failure ! Sorry mate i don;t have price targets for uninvestable stocks.