Gearing

You know something that strikes me as we talk is that you rarely talk about borrowings. So it would seem to me that you assume a serious active investor has borrowings. Do they normally, and what extent would you think people are very broad like in terms of gearing? How do you sit on gearing or borrowing as we call it. And what level of gearing do you recommend?" Yeah, generally gearing for us is generally a round of property so if a client's got any risk of property. No, probably more property investment debt, like I said, is probably the main thing that we see in terms of leveraging"