Perth Red
Post Whore
- Messages
- 69,800
No one care what the return on the current value is, doh! Investors care about two things. A) Is the return on what was invested good B) is the value of the asset increasing. The fact this particular asset ticks both those boxes AND helps the actual sport flourish through its useage is a big bonus.I said the return on what it’s worth was awful and they could’ve reinvested the money into assets that have a much higher return like we are
I’m happy they have their equity stuck in an asset that hardly makes money and whose value has collapsed
We have bought our assets at very favourable time in the cycle
$25-27mill a year isnt 'hardly making money'. Its around 9% return and when factoring in the other two big plusses is a pretty good ROI. If I could invest $286k of my pension and get $28k a year dividend plus have my pension worth $1mill in 8 years I'd be a happy man!
Where have you seen the profit on the NRL hotels by the way?