20% minimum short term profit here accd to tii, page-11

lordolean said:
"I have looked at all of those and dont like any of them...so maybe RBS have got it wrong...."

Judging by your disclousure and sentiment I'm pretty sure the one whose got it wrong is yourself.

Have a look of SPN, HDF or even APA in terms of EBIDTA, NAV, dividends, etc and you will see you can get better returns at lesser risk...

IMO, we will see a next to stable sp on BBIDA/PIH around the $3.5 mark which would be equivalent to avg BEPPA 25c. Given the volumes traded on BEPPA previous conversion, I believe $3.5 mark is reasonable, but I'll keep waiting in the sidelines for a while