re: Ann: Non Core Asset Sale Contract Uncondi... Management...

re: Ann: Non Core Asset Sale Contract Uncondi... Management really knows how to mislead its shareholders. Reading between the lines (and the fine print) the sale price less the costs associated with the sale i.e selling costs, incentive payment and rental guarantees which should all form part of the stated book value (as all these costs should be included in the valuation), the actual discount of the sale to book value is circa 20%. The sale reduced the NTA by ~2 cents which in my mind is not a good result. Appling the real discount to book across the remainder of the portfolio and the share price seems overstated.