Thanks for your comment angyungjebi. At current prices, this...

Thanks for your comment angyungjebi. At current prices, this security is yielding ~11%pa gross (post-step-up). Where else can you get that sort of return from a company that has:

1. About $400m cash even after paying down WesTrac's debt

2. A business (WesTrac) set to make $231m EBITDA in FY2011

3. A half-share in SMG

4. A massive investment portfolio including 23% of WAN and 20% of CMJ

5. Kerry Stokes as CEO now having all of his major investments on the line in the one public vehicle (SGH).