Watford - thanks for the detailed reply.Yes I do have a fair...

Watford - thanks for the detailed reply.
Yes I do have a fair risk exposure with Allco but I believe it is being progressively derisked - and by the time the have made their next few asset sales and paid down debt I expect AFGHA to get to the $60 level.

An interesting one is AGIG - due to mature in cash at $1.30 in Dec09 - currently $0.60. The risk is whether AGI will survive till then - I think as long as Len Ainsworth does they will too.