australian vintage group impact on cwt?

Hi Guys,

I was just having a look at CWTs website and I came across their portfolio breakdown. I noticed that a large % of their portfolio is held by Australian Vintage Group (AVG). Browsing the investor page for AVG, I see they've been doing it tough for the last 6 months or so, with lots of abnormal item writedowns and posting a large loss. The auditor's statement from their last report wasn't horribly reasuring with them saying there was a "reasonable case" for them paying their debts.

I don't mean to downramp, but what is the stability of AVG and how large will it's impact be on CWT? Shall be having a look at their latest activity statement when it comes out too...

IC