Smartinvestor22,I would like to suggest that you do your...

Smartinvestor22,

I would like to suggest that you do your calculation and show your estimates.

I actually think that I was being very conservative in making assumptions.
-eg. VCS writeoff of 40% as u or someone mentioned earlier in the posts.
- goodwill writeoff of AUD200mln, which was regarded by the CEO as worst case scenario.
-other property writeoff of 300mln (300/(2700-610) representing 14.4% of portfolio value as at 30/6/2008.

I believe Orbis has done similar better informed calculation themselves and that's why they were buying up until late last week.

I await your calculation.

Thanks, W