due to the Societe General debacle they are losing their 300 mil...

due to the Societe General debacle they are losing their 300 mil warehouse facility in June, and l dont like their chances of finding a cheap source of funding.

currently they are using 223 mil of that facility which has the market concerned. 500 mil MTNs are safe up to 2009 which is good.

however they dont appear to have any major write-offs and the NTA is mighty attractive.

all Allco related stocks have been sold off presently