announcements, page-23

Ladies and Gents.... we have made it.... to the AFR...

As of about midnight 18/2/2013 a new article has popped up.

"Mirvac Industrial clears the decks of older properties"

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A few quotes from AFR...

"Investors have seen the opportunity. Units in the trust, which sank below 2¢ in the wake of the financial crisis, have risen 80 per cent in the past year to close on Friday at 14.5¢.

Despite the rise, the unit price is still short of the trust’s 19¢ per unit net tangible asset backing."

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"The trust was a boom time initiative and was hammered by the financial crisis. But the vehicle, which is managed by Mirvac, has been ­“stabilised”.

...............Mr Blake said that, subject to the settlement of a $US2.55 million sale, and with no unforeseen events, the trust intended to declare a distribution for the 2013 financial year of 0.5 cents per unit.

“We believe it is time to progress initiatives to return funds to unit holders who have supported the trust through the difficult post-GFC period,” he said."

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I believe this "free advertising" will have an effect on the SP in the next week or two.... as bargain hunters figure the story out.

3145 Central was tough to sell... purpose built... and a nervous market. The other 4 should be a lot easier to move on.

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Hope market does the basic math and cottons on to the fact that MIX is actually...

19 cents assets plus

1.5 cents yield target plus (mentioned in article)

? cent improve in valuation potential, plus

? cent improve with Oz $ down potential.

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Have loved every minute watching this story unfold.

Shutting up again.... is late.

Seeya.

bsh