heritage trust ipo paying 9%+, page-19

Depends bluebells on the institutional money, the biggest thing for them is they will be debt free when finished and should be able to make the returns. Super funds and industry are always looking for reasonable returns
From these sort of things also management fees are pretty low nothing like a Mac bank structure,they might revise price and issue script but I don't think 25 cents, they need rnc business to get the returns. It's a real interesting model they are putting up to be unencumbered from debt issues, and everything you earn is dividend. It willbe very attractive to a lot of super funds, especially the no debt, and they won't carry any bad debt from payments as its all deducted. I am surprised it hasnt been done before. I was surprised to see the extent of the insto road shows and precommitment of funds. And how much they raised through retail investors. A good business model, I think also that because of the national coverage for rental and selling network it will really move ahead.
But for now happy to hold and been buying a few from profits other trades.