internalisation = ilf will not be sold, page-9

joewolf,

I really like following IIFunds management as they consistently have good money making ideas. From a personal perspective RHG, Centrebet, Alinta and ILF stand out.

Their downfall is their purist value investor approach that means that they often grimly stick to bad ideas and hence they have been smashed by investments in Photon (which didn't appeal to me) and the ugly American property sisters RCU and RNY.

Really good traders need only to get 4 out of 10 right in my opinion (IIFunds probably get 7 out of 10) but purist value investors get the maximum burn out of their mistakes.

In saying all that I agree with you - 30c is way beyond my expectations at present although I believe there is strong upside with a successful sale of the US Assets.

However, if someone credible says my units might be worth 30c then I will absolutely gove them a plug! :-)