Hi oldtimer2,I doubt that you are going to see any hedge fund...

Hi oldtimer2,

I doubt that you are going to see any hedge fund activity regarding purchase or retirement of any of AEZ's debt. According to the Fund Strategy on p.2 of the Half Year it says that RBS was unwilling to 'accept discounts to their debt'.

Incidentally, those at the coal face do not think that they have seen the worst when it comes to asset write downs and income decline in the sense that RBS reduced the 3 year wind up, as you note, and as flagged to the market in the November update, to 2 years.

In others words, people want they money now rather than later. My question is why are AEZ holders not selling their 'options' now rather than in a year or twos time when they will be possibly worth nothing? I ask this for I am looking for reasons to buy.

ididwork.