• Its shares have slumped 60 pct over the past year following a dismal sharemarket float. But are its shares worth a punt?  Who knows, but at least one of the brokers which underwrote its sharemarket float a year ago reckons the worst could be over – for now.

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John McGrath in happier times, ringing the bell as his real estate company floated on the ASX.  Photo: Edwina Pickles