Sunland Group

Judging by Sunland’s soaring share price, which is up 36% since 26 Sep 12 (Hold – $0.94), you could be forgiven for thinking there had been some significant, positive, company-related news announced. Not so. Property prices have been flat, and while the company expects a sound 2013, at its AGM in October it was keen to focus on the difficult market conditions in its core Queensland market. It’s sentiment that’s swung in Sunland’s favor. Where investors once shunned Sunland as a risky property developer deserving a 50%-plus discount to net tangible assets (NTA), they now see opportunity. It is...

Judging by Sunland’s soaring share price, which is up 36% since 26 Sep 12 (Hold – $0.94), you could be forgiven for thinking there had been some significant, positive, company-related news announced. Not so. Property prices have been flat, and while the company expects a sound 2013, at its AGM in October it was keen to focus on the difficult market conditions in its core Queensland market.

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