I cant see any problem in holding shares in AYT as an unlisted...

I cant see any problem in holding shares in AYT as an unlisted entity. As long as I am prepared to wait for the capital returns over the next few years.

My reason for holding to the end are

1.The fund manager is sound .
2. They are doing what they said they would do.
3. I would expect the majority of the capital return to come sooner than later. ( they already have 1.5 cents in cash at 30 Nov.
4.They have a history of being conservative in the NTA. Just look at the last movement in Nov
5.There is a potential increase in recovers post the court case. either from the borrowers or Adelaide and Bendigo Bank
6. INE are keen at 4.8 . Must be more in it.
7. Its a simple affair . collect loans and give capital returns.
8. It just comes down to a judgement on the evetual capital return, the time cost of money and whats been put on the table(4.8).

I was a buyer at 3.6 and am a buy at 5.0

I hold no share in INE only AYT