Quote Originally Posted by benjitara View Post
I have to disagree. They've stated that acquisition and expansion is firmly on their minds (as stated in the quarterly report they continue to acquire centers ) and even with these acquisitions they'll only occupy approx. 5% of the total eec's in NZ. I thought they were reasonable with their IPO price and have them 10-15% underpriced. It'll be interesting to see how it all goes but I do like the prospects.
The average broker target is $1.28 (or 24% underpriced)