Tibbs,
They purchased a Amrited P/L in December and the management rights to some high yielding properties in NSW & Qld. This is where the profit outlook came from.
Since then they have acquired further residential properties, the value of which is not included in that profit outlook.
I understand they have a high flyer ex OAMPS on board as well.
Oppostion is Cicciuto's RNC listed at $1 and now trading at around 84cents.
Have a good look at it