Reread the statement. No one made any firm undertakings. Its all completely hearsay. Any deviation from it would be highly unlikely to elicit FMA investigation, and hence they are free to deviate as much as they want without fear of repercussion...
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Reread the statement. No one made any firm undertakings. Its all completely hearsay. Any deviation from it would be highly unlikely to elicit FMA investigation, and hence they are free to deviate as much as they want without fear of repercussion...
Main part of the ann was the company is keen to "facilitate" the selling of these shares by getting Forbar involved
A cynic would say thats good news - plenty of portfolios they manage they can dump these bargain share in (just pure speculation based on what posters have previously posted about Forbar)
https://www.anzshareandbondtrading.c...spx?id=4147092
Valuation increase.
Just seems weird they announce this a coupe weeks before the full year report comes out (you don't see ryman or summerset doing this) and then tagging it "The revaluation of Arvida's care facility land and buildings is not expected to result in a material change in value."
Relative to what others have reported in revaluations this seems a bit on the light side.
Suppose reported NPAT will be around $19m plus or minus a bit
Good or bad king?
All that matters is the result beats IPO forecasts
Rather meaningless target but seems inportant
What on earth is going on here, Winner?