pxupa very attractive, page-7

Just bought some PXUPA at 45.7; Assuming average BBSW to July 2012 at 5%, ANNUALISED RATE OF RETURN is around 50% PER ANNUM. This assumes exchange in July 2012.

If held as "perpetual" post Step Up date, running yield is 20.5% per annum (15% over bank bills);


A great return that I suggest you won't get in equities market for many years.

And there is ONLY one condition for this great return (PPX survies)