I notice in the modelling there is no increase in strata conversions. same amount going on each year until 2021. Then i look at plans to go further into NSW with all the strata and cant work out how they do not increase conversions if they rollout to these areas.
Also sounds like most of the debt, i believe he said $17-18 million of it will be spent on solar, which we wear the cost of and pay a 10% interest on.
I hope they do advance the conversion rates if they are taking on this debt for the solar. I am sure they have it worked out but a bit more explanation would have been good.
Are they going to increase conversions? If so is that modelling still accurate?
AGM Today, page-5
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