Thanks Minoil. Since your post we now have the announcement that...

Thanks Minoil. Since your post we now have the announcement that they have sold which I agree is good.

In addition to this cash they have cash from operations and also cash which was raised from the rights issue and (apparently?) not yet used for the AIMS St Kilda recapitalisation or for the buy back.

With rumours about that at least one other fund in the portfolio is selling properties and winding up soon we could find MPS awash with funds. This will fuel the continuing arguments as to whether the right strategy is to return funds to unit holders, invest in property securities or give it to AIMS-run funds to try to add value.

I suspect the AIMS management have the ability to add value but would like more information on their plans to feel comfortable with this.