Assume it gets back to 50% of NTA and NTA is only 75% of last reported $1.48......55.5c= 300% return
Tell me something that will give you this potential return taking into account a further 25% asset impairment (very unlikely) in the ST and has ongoing strong cashflow due to quality of main tenants like Woolworths/Coles?
The world would have to end for this not to get back to the above target of 55c IMO. This is perhaps why GSJBW have a 12 month price target of +$0.90.
MCW Price at posting:
18.5¢ Sentiment: ST Buy Disclosure: Held