The way the property market has been performing of late the embedded value Oceania say they have is now heaps more than shown in the interim report.
Resales in H2 will pick this up in underlying earnings
Because of this and if the number of sales is a bit higher than expected (double whammy) that $50m odd underlying earnings will be smashed ...maybe by up to 10% more
And the share price collapses today ...just a blip ....be over $1.10 next week on way to $1.30 plus. The market still be roused from a period of uncertainty