agm, page-2

Hi felsmad,
While nothing should be considered definite, the Chairman's comments in his address were quite explicit. I've split his comments into specific points to emphasise "their view" on the subject:


* "Many of you will be aware that our retirement assets have attracted interest in recent times.

* This interest highlights the value of this part of the FKP business.

* The value of our retirement assets is central to FKP and

* we consider it to be critical to the FKP business strategy.

* I would like to take the opportunity to reassure you that we will look to continue to be a major player in this sector in the coming years."


I think he clearly stated FKP's intentions regarding their most valuable assets. Growth and not disposal is their current aim for the retirement segment.

I didn't go to the meeting but the comments in the releases from the AGM were satisfying to read. I actually feel more confident of a decent shareprice run up now over the next few months than what I was prior to the meeting.

Someone was a big buyer the other day but the Dubai debacle put an end to that- for now anyway.