break up value

After doing some indept calcs on MDT

Current Market Cap $48 mio on 943 mio shares

Lets assume the following

Portfolio Value 2.142b drops 15% to $1.85b
Debt stays the same @ $1.2 b
Net income remains the same at 141 mio pa
LVR moves from 55% to 65% (prob break bank covenants)
NTA drops from 1.44 to 0.97

For the above to reflect the current market capitalisation of MDT it is saying that the portfolio has lost some 40%.
If this is the case than the net return on the portfolio would jump from 6.75% to approx 11% !!!

The only real solution and way to provide shareholder value is by selling down the portfolio, reducing debt & returning capital to MDT shareholders....

This will certainly be interesting as it unfolds !