Can anyone tell me whether the book build being done around the...

Can anyone tell me whether the book build being done around the 6.00 mark is for shares in the current AMP or the post australian business assetsthat will ultimately trade seperately to the UK assets.

If my fears are correct and it is the current business ,why wouldnt all those instos with their current positions short the sh-- out of it and take up the capital raising to top up to the weighting they are happy with.

Seems to me that this is likely to trade about 15-20% above the cap raise if I am right ,which is at least 1.50 from yesterdays close.

For those with lonfg positions based on the disclosures of the company you would be spewing they are doing this after telling us they took hedge positions and the like to ensure there would be little need for a capital raise.