Hi mmcp9821You may want to run your eye over those book value...

Hi mmcp9821

You may want to run your eye over those book value figures you used because they are independent valuations not book values.There were 4 properties held for sale with a combined book value of $55m.If you add up the the sale price of the 3 sold properties you mentioned the total sale value is $45m with 1 property still for sale that has an independent valuation of $11.5m and if you use the same discount as the other 3 properties we are on the money.

NTA intact

Cheers k8sy