BenT

Yeah, this is pretty bad. The timing has been terrible for this quarter-end, though. Indian stocks were at their worst at the end of March. The picture at the end of December was the opposite, which made this shift even more violent. The rupee is doing poorly, as always. What’s encouraging is that markups in BIAL seem to be becoming a quarterly habit.

No I did not knew Propel at all. I will read on it. Thank you

I hope it is. I think goeasy will be fine, they keep sliding since that short seller report.

Yes I hope returns are worth the fees.

No, I like their assets (particularly the airport who is becoming huge) and think they can do very well in a long term horizon with the economic development of India. The Watsa family seems to care about the success of FIH.

Yes and thank you!