it's even better than that
the funds management goodwill (which i recognise could be lost with the IAB move) isn't recognised given its intangible
the NTA is also depressed based on pretty funky cap rates that were enforced by the auditors during the heights of the market crisis
this is the standout stapled trust in the market imho
part of me even wants to see them lose their management rights! price will tank, then i'll buy some more
these guys have just got one of the top lawyers in qld as chairman and a two highly experienced fundies have just come on board
this baby is a 5 bagger easy, but yeah im obviously bias i own some and will be buying more, i love this stock
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