a new manager would not be an issue and as long as it was one...

a new manager would not be an issue and as long as it was one with credibility.

spoke with rubicon again this morning, nta still as per last financial report, yield the same.

they will outline options as to realise value - reduce distribution, sell properties etc, all to reduce gearing or whatever the market wants.

obviously with the new market, there is risk but not to the level to where these trusts are trading.

think once this information comes out, they should trade higher - they could afford to slash the distribution in half to help with cash flow and they would be on a 10% yield at 50 cents.