Hi guys,Read a great summation the other day: FOMO + FONI =...

Hi guys,

Read a great summation the other day: FOMO + FONI = FUHR

(Fear-Of-Missing-Out + Fear-Of-No-Income = F'ing-Unbelievably-Huge-Rally)


I'm reading more and more commentators and analysts believing that this rally is the start of the next cycle.

More companies are now raising non-bank debt finance, e.g. Dexus with Medium Term Notes (MTN).

Early FY09 asset write downs from BJT and ALZ weren't too bad.

MOF have some significant asset sales in the pipeline.

Distributions continue, even at a depressed rate and will increase over time.

MOF represents great yeild, safety in SP/NTA, discount to fair value, good overall broker recommendations, ST debt position under control, managed by some of the best in the business.

I am comfortable with SP movement. It is trying to reach a new post March 09 high and shows a steady and consistent rising SP chart.

A little patience and on all fundamental metrics this will be +40c within 12 months IMO and you'll have enjoyed a 15% distribution yeild. --> 80-100% cap gains and 15% divi in 12 months... yes please!

Cheers
John