takeover now more likely than ever, page-58

This is commercial property, alway's some risk though it returns and growth are considered steady.

Unfortunatley Centro have a highly geared ratio of assets/debt.

As long as they can service their debt the company is viable.

There is definatly some gems amongst their portfolio so there is chance that someone will make a play with shareprice currently being low. Just remembering too that whoever grabs a 51% share will increase the value of their own shares if they can sort out the debt.

It just comes down to someone wanting to purchase a retail property company with some cash behind them.