at 3-10-2008= wan 22.3%= 413mill eng 58.36%= 6.41mill grd 12.22%= 16.985 mill cmj 4.8% = 72.63mill smg 48% = unlisted company jointly owned with kkr various other assets + cash approx=1200mill
nta $8.37 making no allowance for smg holding and its a big one allowing 210mill shares
kerry stokes owns 48% of sev
it is hard to imagine how any investment vehichle with minimal debt could make a wrong turn,when they say this current market really lacks confidence in sev case it is a gross understatement,it not like mr stokes is in desperate need having his own private companys as well. hard to understand fidays close but div ex-date is 15-10-2008,might well be a grim two weeks coming for the sp.
SEV Price at posting:
$6.15 Sentiment: Buy Disclosure: Held