why did insto take such a small discount??, page-10

>>In reality I just cannot understand this at all it just seems hasty and makes no sense unless there is something we cannot see.

1. Why would you buy in and not get the interim distribution and have a discount of 5%.

2. If you did buy in what's so great as any disposal will create CGT and as such you will or may end up owing more than you made by selling.

3. How can you rationalise this to shareholders -unless there is a targeted acquisition that you are looking at.

4. The discount probably wont persuade the smaller investors to take up more and the bigger investors are limited to the $15K

What is going on? Are they in need of cash? and why?<<

Yes there actions have become somewhat confusing. I hope their is no huge forex losses, etc that we do not know about. Thus the need to rebalance the balance sheets with fast cash. I cannot see how it is possible, yet it has happened to others.

As I thought they were well and trully on top of all their debts. They must be eyeing off some extraordinary acquistions- IMO- that they can churn into either high yielders or profit in the short to medium term. As investors we deserve to have our questions answered in a timely manner. As the $91 MIL, has diluted our shares... are we getting value for this money? Or should we recalculate the value of this company?

I agree the retail offer will not get many takers at 40c. This uncertainty will now keep our SP in this range- IMO- until investors find out what is going on.

The INSTO got a poor deal- IMO, as they do not get any dividends. So they miss out on the proposed 3c dividend to be paid till 30-6-2010. So effectively the INSTO is down already. In my mind they must have sold them on the prospect of some great additional aquistion that is going to be a great yielder\churner in the ST.

ABP has been outperforming other property funds (In general)this year, yet this action just taken may stagnate any further gains. Until further guidence and details are given in relation to what they are doing with the $91M.

It seems more and more unlikely we are to see anywhere near the high 40s again until we get more direction from the company.

I guess all will be disclosed in the next report. However on the positive side I do not see the price crashing far below 40c. Unless they do not have a good acquistion lined up for a majority of the 91 MIL.

This stock becomes much more of a defensive play in my eyes now. A probable high yielder building a stable income base. If the market turns more away from the more risk diverse stocks, we may find investors opting more for the stable high yielders. IMO- ABP is moving more towards high yielders thus stable income than fast churning, fast profit vehicles.

If the 91 Mil is not used for a very good acquistion then more faith will be lost in Management- IMO. Thus the SP.