Quote Originally Posted by Sauce View Post
Good post snoopy.
i wonder if we will see a similar scenario play out with the book value of metlifecare's retirement villages portfolio.
regards
sauce
Classic, little did I know it was already the case

"Separate to the Vision and PSL deal, Metlifecare told investors that a preliminary valuation of its properties by CBRE showed that its net asset value was likely to fall by as much as 20 per cent from $578m as of December 31 to $462.4m."

I think this kind of fair value accounting has little going for it and can cause a lot of misconception and possibly worse

Regards
sauce