RE: GGPSP15 Dec 2025 22:35
Element - Yes we were far undervalued at 5p and everyone could clearly see that, it is much harder to see when you are overvalued. Looking back it is clear as day that 38p was a ridiculous SP for the assets we possessed at the time, but it didn’t feel that way when we were in it and I don’t remember many respected posters pointing it out at the time. After reflection I’m sure some did know it was coming and adjusted their holdings quietly in the background, hence the enormous selling pressure.
And I wasn’t having a go either your knowledge of GGP is exceptional just pointing out that when you’re in the thick of it, it does cloud all of our judgement and the markets are not rational all of the time.