Yes but any Real Estate person worth his salt knows 6 months out what the market is doing and what listings they have coming up. No wonder he got out when he did as he should have known what was ahead.
A real estate office is worth the value of the rent roll a little for current listings and 2/6 for the rest.What did were his valued at and did he have a financial interest in the enormous amount paid for the outfit that had a number of offices in the Eastern suburbs. I would suggest he did and paid far too much for the branches.
My view on the whole ugly affair ...well I better not.
I assume bambited you must have a coonection with McGrath
MEA Price at posting:
61.0¢ Sentiment: Sell Disclosure: Not Held
