In the independent directors' target company statement - which included an independent adviser's report - they valued Capital Properties in a range of $1.48 to $1.72 a share, with a mid-point valuation of $1.60.

It's another one off the list and confirms that investors' options have been decreased.

The first two years of operations were pretty tough - as they were for much of the commercial property sector - with returns going backwards, about negative 7 per cent a year. But the last five years have been brilliant, with Capital Properties providing returns in excess of 20 per cent per annum.

On the negative side the outlook was that economic conditions are slowing and there are a few sectors that are making some divisions a bit softer...and that's translating through to the likely profit result.

They are the most qualified company.

[The company said it would offer 280,000 flex-fuel vehicles that run on gas or ethanol next year, including, for the first time, a version of its Ford F-150 pickup truck.] With fewer than 400 ethanol stations in the entire country, it will be important for them to follow through on plans to promote ethanol sales, ... Otherwise, their increased flexible-fuel vehicle sales will actually exacerbate our oil dependence.