Appreciate your level of opptimism Marcom, but realisticly you need to take into account the fact that interest rates are only relevant where interest is ACTUALLY BEING PAID.
The WC update of 11th Dec. indicated that the majority of mortgage loans are non-complying. Also, as at the date of the Annual Report (30/6/08), 35% of asset backed investments are investments in Octaviar related entities.
Once the loan is paid off, it is essential that WC come clean and produce a meaningful report to Unit Holders disclosing the true value of the assets left in the Fund.
OCV Price at posting:
99.0¢ Sentiment: None Disclosure: Not Held
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