Originally Posted by
Beagle
They have there 4-5 year program they're steadily working their way through on remediation issues and they're certainly not the only retirement village operator with problem buildings to fix. Discount to NTA in my opinion is because a lot of people took a very negative view on Auckland property prices and where they were headed and thought we would follow Sydney and Melbourne. Emerging evidence all round including in Sydney and Melbourne that the bottom is in and we're on the up and up.
More details on buy-back next month. In the meantime, no worries :t_up: