investor forum

well it was well attended,all the respective fund managers provided a professional presentation.the points of real interest for me;

- the large number of investors judging by appearances,retirees and possibly fund managers everyone there was well conducted and it was informative,with comparative graphs on the world scene.

----- mention was made that mof carried no off balance sheet
debt,it seems the model the journalists constantly refer to
is not quite the same model that mof or the other funds employ,sound rational management metrics with a strong focus on debt reduction.

------ mof clearly have a mature asset base, meaning the majority of usa property was purchased prior to the massive valuation highs,the objective there is a slow selldown with a
focus on australian property for the future, i am even more convinced of the upside potential in mof and intend retaining it as a core l/t holding with perhaps a bit of trading,the other aspect that was mildly surprising is the
focus of management on business metrics without any real knowledge of trading activity beyond the register

----it is also likely the next round of valuations will be to the downside,at current prices the stock in my opinion would still be well under valued.

----will i be buying more?definitely.