Highly unlikely my friend (taken from the HLFYR report):
The retirement village developer and operator's net profit before tax for |
half year 2012 was $3.7 million, up $4.7million on the first half 2011. |
|
Underlying profit of $6.9 million for the half year 2012 was up 133% on the |
same period in 2011. Its IPO forecast for full year 2012 is $9.7 million. |
Pure speculation with a market cap like that, just like most stocks at the moment. I don't doubt it is a strong company though and that it deserves the price, I just think RYM is underpriced if SUM is so strong.