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Managed Accounts Investment Notification – Sale of GPT

Friday, June 11th, 2010

Good evening,

today we sold our position in GPT at our target price. We received just a touch over $2.86 per share. After taking into consideration the dividend of 3.5c we made a gross profit of 11.5% in two and a half weeks, and brings our portfolio back to around 80% invested with 20% odd in cash.

We’re now looking for further strength in the market after some solid global economic results out of the USA, Australia and China. Overall in the medium term markets now appear to have stabilised and we see the market having short term momentum that will take it to between 4650 and 4700 points before we can realise gains on the remainder of the portfolio for our managed accounts.

If you would like to speak with us about anything at all, please call the desk.

Have a great long weekend everyone!

Shawn and Hayden.

Posted in Trading Updates

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