PPI just did a calculation on SEVPC. I calculate equivalent rate...

PP
I just did a calculation on SEVPC. I calculate equivalent rate of return to May 2010 at 17% per annum. This takes into account franking as I used 10.42% per annum grossed up yield in dcf analysis.

Not a bad return for the risk I guess. But there are better perhaps? GNSPA, AAZPB, WFLPA (I don't like WFLPA as no CFD market on WFL), TPAPA and even BNBG (40% per annum). But I guess having some in the portfolio would not hurt. I might put a bid below the market. thanks for the lead......