no news, page-27

Hi EL,

I'm still listening.

Just try to refrain from talking and thus exposing myself as the fool I am. So, no speculation from me. Just holding my breath until the end of the month when the full year results will be out, and the rabbit is likely to appear:
1. Properties sold?
2. Stock levels reduced?
3. Impact of strenghtening NZ$?
4. How to improve the balance sheet or continue to trade themselves out of this?

I intend to reduce my holding in FPA, as I have 40% of my initial capital tied up in this company. My average is at NZ$1.00 which is not bad considering I have been a long-term holder.