Ann: BKI Announces Entitlement Offer and General Offer, page-47

BKI in my opinion has its own identity. Or at least it used too, the capital raising has left me confused and I’m not the only one, the discount post the cap raise reflects this.

Speaking pre cap raise I’d say it was OK for BKI to be a bit boring. It’s a boring part of a part of a portfolio. Boring it may be but these things should end up as excellent investments over a long period of time. BKI stood for good stocks with growing dividends over time.

I’d be reluctant to change to investment strategy of BKI. Just let it be what it is. Investment strategy not the issue.

The main issue here is the dilution from the cap raise and the loss of faith that has followed.

Another issue that is I can’t see where the costs of the capital raise are reflected in the MER. Should they be? If so does anyone know what the MER would be?