Not an owner of MFS either but would like to better understand...

Not an owner of MFS either but would like to better understand position.

Both camps need to come out and say what the plan is.

I just got tired of waiting for the "strategic review" to be finished so thought interested parties could help fill in the blanks.

The chinese investment is I assume a distribution strategy and if MFS does not have financial product to sell then this investment I guess means nothing unless company rebuilds.

New thread on Lonsec in relation to PIF fund makes interesting reading

Going back to what is left and the ability to generate a return

35% Stella - has value and ability to pay dividends

any views on amount

Diversified and Leisure and Living

MFS acts as RE for both of these listed companies stapled securities and generates RE and other management fees

I am trying to track down amount of fees but it was significant.

Both trying to distance themselves and danger is MFS Ltd could be removed from role.

MFS needs to make sense of these before someone else does.

Structured Finance

Again any comment on whether this is an internal or external business is welcome

NZ
Both PIF and MFS need to control what occurs in NZ or else this will be a further loss in both MFS and PIF.

Again plan needed

Funds Management

PIF needs work out plan and to be distanced from MFS

Other assets
MFS L & L
MFS Diversifed
Cahill
Observation deck
Sunkids

$500 million debt say $100 to 200 million cash to get back on track

I think it can be made sense of but someone needs a plan