review

Well with ILF down over the last few days I thought I should do a revaluation in case there is something I've missed.

MY thoughts are that this has just followed the markets down, particularly today because there wasn't much buy depth so a few panic sellers created a big gap.

Looking at the annual report again -
*Debt is mostly secured for the long term
*Its light on covenants.
*The US debt is non recourse and fixed rate.
*The write off of the US students portfolio will have less than 2 cents effect on an NTA of 26 cents.
* They are cash flow positive

At 2% of my portfolio, I'm comfortable holding.

Anything I'm missing. I'll sell if there's something big I've overlooked.