regrettable sale, page-6

RHG's value is now depanding how much they can sell the loan book plus their NTA(which is mainly cash), given the fact that Pepper home loan just bought GE's loan portfolio at slightly discount to book value, this may not be a good sign for RHG's loan book, if they can only sell it at a discount, RHG may as well hang on to the loan book and continue to collect cash. Given the fact the Pepper home loan want to expand their Low doc home loan business, they may become a keen buyer. If the loan book can sell it at 101%, we may end up with a share worth 45 cents(NTA estimated at 30 June) plus 15 cents for the loan book(base on 4.5 B loan), so the share may end up with 60 cents per share.

I am happy to hold RHG at current level, when it comes down to 35 cents, will be more than happy to add a few more.