increase in sub holdings... buyback

so it wasn't Oribs but Galilio's funds management buying

This looks like a buyback to me though I must insert my I;m no expert on Galileos stapled security structure, wither way is signals that someone close to the company reckons 3c is cheap to buy another 3million plus

This security looks mispriced, I guess only time truly tell but it ticks all the boxes of being mispriced through negative sentiment and potential value -

*Large discount to NTA (indicates potential value)

*Default risk mitigated with convertible bond deal (reduced pricing of default risk)

*Little insto interest as not profit distributions (little support on market, mostly sellers, traditionally REIT's have been sought for their yeilds)

*Foreign country unknwown factor (in times like these people want bricks and mortar or share in their own country they can see and are familiar with)

*Japan out of favour with deflation (negative sentiment on potentially a short term matter, the play is until 2013 and deflation may or may not impact values in 3 years time)

Hey you heard it hear first
ProPunter