So I was able to have a quick look at the shareholding and it...

So I was able to have a quick look at the shareholding and it seems to be in the vicinity of 130M shares. So based on a revaluation of say a 50c decline, this to me looks like a decrease in tier 1 capital of $65M. Is this the stressful moment you are having, or is there another indirect loss I am missing? I thought when I first respond this morning without looking, AMP must have owned more shares, but that doesn't seem to be the case. So in this regard, what is the horrible realisation? Also, that $65M would have to be partially offset by the new acquired assets  in the transaction/shares, that they are not receiving as cash, and finally the income derived from this. In all, it does not seem that horrible to me. Again, I may be missing something.