small win, page-3

Rambo, I suspect the large premium to book came about because FKP bought this asset from the Core Plus Trust at a 20% discount to NTA. Nevertheless, its encouraging.

PPT continue to demonstrate their keenness. Now close on 12%. They are clearly grabbing their slice of the retirement industry via FKP.

Will their be confusion in the marketplace between the two Aveos? Time to amalgamate surely.

Final comment: surely the RVG investment must reflect a better mark to market influence on the 1H14 results and for once in a long time we may actually see a revaluation rather than a writedown in retirement assets.