brief mention in the australian

Hi,

There is a brief mention of Prime Trust in the online Australian:

www.theaustralian.news.com.au/business/story/0,28124,24720756-5001942,00.html


"SHARP falls in retirement property developers' share prices have triggered a gripping battle for dominance in the $30 billion retirement village market.

Industry insiders say it could extend into unlisted and private aged-care operators.

Lend Lease and Stockland have been vying for market share of listed retirement groups, with Lend Lease taking a stake in Babcock & Brown Communities and Stockland buying into Aevum and FKP.

Prime Retirement and Aged Care Trust and Becton also have been touted as potential takeover targets.

Retirement property has risen to be the most sought-after business in the investment property market as the realisation dawns that baby boomers have worked or inherited huge sums and are willing to spend."


Since FKP and BBC have now been spoken for, that leaves PTN as one of the few LPTs available as a take-over target. Where else can you buy retirement properties for only 13 cents in the dollar (well 93 cents in NTA).

Looking at COMSEC - there are some 23 buyers for 2,102,815 units and only 13 sellers for 475,915. Although some of these are for very bargain basements prices.


These are treacherous times and everyone must do their own due diligence and take responsibility for their own decisions. There are no safe bets in this market (look at RIO).


Reflexivity