HT and Al1Thanks for helping me out there. So it appears that...

HT and Al1

Thanks for helping me out there. So it appears that the accumulated losses is an "asset" only to OZL to offset against profit. This will help retain earnings and shows why they will only issue unfranked dividends in the short term.

AL1, I agree with your analysis. I was staggered at the size of some of the trades yesterday. It looked to me like the big end of town liked the straegy, or at least saw it as responsible and safe, and bought in as a consequence.