good morning all, page-2

So much for their LvR guidelines:

$50m - $100m mkt cap but not in an index – 30%
$25m - $50m mkt cap but not in an index – 20%
$15m - $25m mkt cap but not in an index – 10%

As I have reported previously, they "pulled the rug" on my biggest holding (SLA) down from 35% to 10% on March 5 and gave me 2 business days to do something about the margin.

When I demanded an explanation, it was said that our "financiers were requiring us to adjust some of our positions".

SLA's market cap (excluding contributory shares and unlisted options) on March 5 was about $90m. That should still have had them in the 30% LvR bracket, not the 10% bracket which was nearly 4 times lower by market cap.

Just another one of those pre-March 27 "anomalies" ANZ seemed to have had a hand in??? Disgrace.