These projections seem perfectly reasonable to me. Given that the last few results have included write downs on investment property (which have never been realized), an economy turning upward, a commercial property market having bottomed & turned up (yesterday's AFR), the new mining division winning significant contracts in WA, a new construction division in SA - a state with it's own resource boom on the horizon thus need for commercial space in Adelaide, so what's not to like? Read the broker reports (the ones on WTP's site & google around the brokers that do cover them & that's not that many) & they all say value closer to $2 now. 12 mths out this could well & truly be $3 inho. And, they pay a great dividend return or better still take the DRP & get a 5% disc on the shares issued - money for jam!
WTP Price at posting:
$1.58 Sentiment: ST Buy Disclosure: Held