money for nothing

the way teddy sees this now :

latest is proposed cap return of 90% and either wind down of balance or reinvention for something else.

all good stocks so doubt any such selling of total portfolio will amount to much discount or difficult selling back to mkt.

on latest bse v aud /inr the current nta at mkt as i write is above the 70 cents nta of 30th april.

assuming egm goes thro positively then the current share price is still circa 15% to nta. thats a tad too much with the indian mkt and others likely to be having a good week. good buying up to 60 cents. then a likely pay back from the 10% balance of stocks and a clean shell.

this lic is different in as much as its all Indian assets. all top to middle stocks. no minnows. liquid.

thanks teddy, you loaded up well. we did tell em tho forty didnt we ? yep but who listens to US ted ?

now for an early caf con leche, buy some sand and get on with rendering repairs.

hey 40 cant we afford to get someone to do it for us, after all we've made a bit today ?

no ted, we do it ourselves .... PROPERLY.

be good,

40 and teddy.