somethings up, page-14

As a holder with a longer-term view for the company, I am glad they have not bought back any shares at this price.

I would suggest that around the ~60c is probably not unreasonable value for this company in this market given 1) the projected earnings for 2009 - 2011 2) Risks to the downside in Dubai in particlar.

Remember, the share was trading at almost half of this price a little while back.

I would suggest the buy-back would occur when (or 'if') the market turns down again, say sub 40c levels. SDG may be of a similar opinion that market sentiment will turn yet and better entry points for the buyback will be available.

Just my personal thoughts.