shock!, page-2

He's been selling since June '09 from the substantials, but looks to have got more serious earlier this year. Fair enough, he probably has several investment opportunities elsewhere and the original takeover play did not eventuate. It appears now he may be mostly gone as the selling pressure today had disappeared after the open.

Looking forward, CIF is still trading well below the company's NAV even factoring in the FX (using FX numbers from the annual report). At some point the big boys will need to stand up and take notice.

We have a ~7c DVD to go ex before the end of the year so potentially a few people positioning for that. It will obviously be unfranked, but franking credits are only useful for some and buying an unfranked company shouldn't in itself be a roadblock for anyone, particularly considering the high yield.

I keep looking back to the November LBC roadshow presentation and wondering why this company is best listed on the ASX and under this structure.

Good luck holders, we have stood the test and now deserve the best. Everything IMO of course.