Ann: Earnings guidance and key organisational changes, page-34

Thanks thehound.

I agree there is insufficient information available to the public to make a fully informed decision as you would need if you were looking at buying the entire business.

But I am comfortable holding because, even if the leasing fees have been included in the PM income, 50 cents per share for the entire business seems safe to me personally because a multiple of 3 gives about 40 cents per share just for the PM alone.

The initial valuation when floated must have been crazy.