30.3 mt @ 1.70% cueq, page-129

"The way I see it though, is that M & G had entered CDU at a price of $2 per share, while Oceanwide entered it all at the one price of about $3.85. So even if M & G paid up to $4.70 per share, their average sp cost is possibly less than what Oceanwide paid."

Buddy, no offense but that comment suggests you have little insight into how fund managers work and in practice is a mile off from reality. Graham French's valuation model would need to be spitting out at least +30% on $4.70 before he would even consider topping up and his money management rules are set in stone on such factors. Indeed, once it gets to within +/- 5% of his "fair value" calculation he, like all fund managers, then start to consider lightening the allocation to a stock.

Out of general M&G's latest Interim Short Report April 2011 had this tid bit:

"The fund has a bias towards ?asset-rich? companies and those that the fund manager believes can grow independently of the economic environment. He seeks to identify businesses that exhibit the following qualities: a strong competitive advantage and a sustainable market share (leadership in a niche market, natural barriers to entry, technological advantage); a proven business model; financial strength (strong balance sheet, good revenue growth); and low valuations."

http://mandg.intelli-direct.com/e/d.dll?m=333&url=http://www.mandg.co.uk/Consumer/Images/Short-Report-Global-Basics-Fund_tcm1481-28622.pdf