Originally Posted by
Vaygor1
We have already agreed to disagree Roger. I know from my end, and I am sure from your's, that there is no animosity between us on this difference of view whatsoever.
Time will tell. I hope I am not proved wrong.
For those reading your view, I just want to add that my pre-tax dividend started at well under 2% of my entire RYM investment. This year it will be 5.7%. Next year it will be 6.7%
Also, If you are right about RYM being ripped off for the two Melbourne sites:
1) For Wheelers Hill, it is all paid for anyway when fully occupied, and there is no shortage of takers… over double the required rate of sign-ups that formed the basis behind RYM's investment decision when buying the site.
2) For the old college site, RYM have the cash to buy it, and the transaction will be neutral from both a balance sheet and an equity viewpoint won't it? Only the carrying cost is impacted on the income statement which on the scheme of things its not that much. Happy to be corrected on this issue.