5.6 billion of quality property owned at June 2008 and they have said they will pay 10% dividend of the average share price. If they were in real trouble they would scrap the dividend.Is the market pricing the dividend being scrapped? In five years this could be $3.00. Isnt Krudd putting his hand up to help out companies like IIF with refinancing if overseas banks don't. I am surprised the market has not re rated this a bit? If this falls over then half of the XAO companies should also fail. Can things get that bad i don't think so. Once in a lifetime buying opportunity.
IIF Price at posting:
12.2¢ Sentiment: Buy Disclosure: Held