Originally Posted by
Baa_Baa
If one projects out the capital development for just the currently owned land, and make a guess at how many incremental ‘properties’ That adds up to, the balance sheet growth, FCF and under lying profits are eye watering over the next decade. That assumes no more land acquisitions! At just over a buck, it seems almost criminal to be able to buy an income stream and huge capital gains to come, but that’s the longer term thing about early investing in successful companies. One day when we check into our OCA villa, it will be satisfying that the company paid us for it.
😀