Ann: Trading halt , page-41

I agree but no provisions have been made for MIG and MAP yet as they stated that the underlying performance of the asset meant that they did not need to have mark to market valuations.

At the time were able to justify the decision by using similar transaction multiples that occurred in the market place

i.e. Other airports or toll ways were sold at similar multiples to their valuation so no mark to market valuation was required.

I question whether these high multiples still occur in the market place and whether MQG can continue to justify the high valuation for these 2 funds (which are their largest).

I believe that there will be large write down on these assets over the next 6 - 12 months as the previous high valuations can not be justified in such an environment.

Again I think that MQG will have a great future but I think that it (along with many Australian financials) will come under pressure over the next 6 months.

Good luck to all

Please DYOR