MEA 1.56% 65.0¢ mcgrath limited

i read in AFR today that this floated on a PE of 8.8 most Real...

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    i read in AFR today that this floated on a PE of 8.8 most Real Estate company's sell around 3.5 to 4 multiples depending on area plus some provision for goodwill on sales. Seems to me this should be around $1 or less. Time will tell.
 
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Currently unlisted public company.

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