something up - yeah, sp finally!, page-3

Hi ididwork

EBIT looks good, and hope we see a dividend at start of 2010. Revenue will obviously continue to be hit by Sunsuper and EAIT withdrawal, but costs should also be looking much better...they have cut more staff than I expected.

Not happy about the seeding...this is lazy distribution. If they can't get someone else excited enough to seed, then we (shareholders) shouldn't be investing.

BTW, the 7.5% (dec) & 5% (now) on the EAIT are not revenue for EFG as I understand it. The discount to NTA accrues to the remaining unitholders.

Cheers
PViews