F/Pud
I agree with your thoughts of going on the unlisted for a while, coz
in my view, if they were to go straight to the main board they would
loose SP value fairly quick because of their debt (Around 40%).
I have indicated that I would be interested in buying a further $50K
(depending of course), but if they came in too cute then I would wait
and buy 'on market' as the SP would be that much less.
When they do go, and I feel they will have too, they must consider
the other players already on the Board. The old story :- Have this
much $$$, whats the best I can do with it.
NAP are getting their dept down (along with the others) and now
are looking quite good price wise. I dont hold NAP, but they are getting
there. So NAP or DNZ..... right now ? ....Flip.
DNZ have great properties in good locations, but OH!! that bloody
gearing ratio. too big in my view for todays envinorment.
Still as you say "they will use the money to lower gearing" so lets
see what the deal might be. I dont envy them (the directors) in their
quest & I hope like hell they pull it off. Lets see what they come up with.
Cheers BB
PS I loaded up on LPT's a ways back with a good cap gain in veiw.
Now the cap gain is comming in and I dont want to sell coz of the
cash flow. Geez BB I new that would happen and did'nt listen to myself
.
Originally Posted by Billy Boy
F/Pud
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