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Thanks for the breakdown. I couldn't get back to 200m from your...

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  1. 3,249 Posts.
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    Thanks for the breakdown. I couldn't get back to 200m from your column E figures in that above table though? Am I missing something?

    Also am I interpretting it right, but for example your Motive calculations are saying that you expect in column A 227 apartments to settle. Of which $0.876 m per apartment, at 50% JV interest to give $99.4m in sales? Of which in your original post you took into account lack of settlement etc. in estimating revenue?

    My only issue is besides the settlement issue, isn't assume 227 sales essentially putting a vote of believe that all remaining units on sale can actually be sold? I am not sure how you arrived at the settlement default risk %, and how appropriate it is as an industry benchmark - care to comment? - however, I would be somewhat negative towards the outlook of outstanding apartments for sale actually being sold in this climate.
    I would probably assume that 25% of apartments for sale are actually sold and settled as a more conservative figure, or even none, at least as a base case 'worst case' scenario?

    COuld be just me being super negative.
 
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85.0¢
Change
0.010(1.19%)
Mkt cap ! $217.6M
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83.0¢ 85.0¢ 83.0¢ $144.1K 171.9K

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No. Vol. Price($)
1 102481 84.0¢
 

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Price($) Vol. No.
85.0¢ 54721 2
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