Rubicon are not alone and they have done their best to maintain positive sentiment but you cant hold back the tide and clearly they have to be careful about spending any cash at present so it is a matter of waiting out the storm and preservation rather than making a killing on a discout to NTA.
in general the market is waiting for someone like Westfield to start buying all the discounted REIT but why should they when the price just gets cheaper.
the reporting season in the US is now critical and market is discounting heavily just in case. things will continue to be a bit wobbly for the next 6 months so plenty of time to be buying stock back.
RAT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
