Originally Posted by
ronaldson
BP - These sale transactions are not transparent. There is no reporting as to whether acquiring then selling the particular property was a good or bad outcome for shareholders. We are told the gross sale price and how much it was above (occasionally even below) book value. Book value is a figure adjusted at each portfolio valuation, usually twice yearly, so hardly meaningful in the wider overview.
What would be good to know is what was the acquisition cost, how much capital expenditure was committed during the holding period, what was the annual rental income after maintenance, outgoings, and holding costs (interest and management overhead) each year, and costs of sale, depreciation recovered and so on. So how did it stack up? We never know.
See post #626 above. Why does this share trade at such a massive discount to NTA? What can be done about it? Would a merger within the sector enable costs to be taken out? And merely to suggest to the market that the Board were open to offers for the portfolio whilst retaining management rights would jump the share price at least 30c in a week? Of course that would ultimately be a major transaction requiring shareholder support but you get my drift.