entry price, page-14

obviously, the market is focussing on the capital structure and slow disposal of the assets on its balance sheet.(this is the Negative news)

Interesting that Brian Johnson ,JP Morgan, who has the most outrageous target price of $ 98 is holding about $1.5m MBL's shares for his kids. His valuation is based on the mix of MBL's activities -traditional invt banking and asset acquisitions. good dissertation,but market does not buy his arguments.

gs jbwere always finds nothing positive to say about MBL. I think that they are the most pessimistic about MBL - TP $60.50.

Went to AGM, was surprised that Allan Moss was so positive about MBL's medium prospects and next yr's profit. Also expect 2007 profit to be > $1BN . current PER x14.

all the 4 banks are trading about x12-13 prospective PER. But I think that over the medium term (3-5 yrs) MBL has better prospects as it seeks global assets.

I think that this is the time to accumulate the shares when the sp is depressed. Since I have been a holder since MBL listed in July 1996, I expect to be there for the next decade.

at 61.35, prospective dy(div 2.45) is 5.7%( assuming 100%franking) - I am only getting 5.6% on my online account with no capital growth. if the sp keeps falling , it looks an even better invt.