Thanks for response.
28/34-401 does not equal 860.
Please explain, or is my calc wrong....
Cheers
N
Company: Centro Properties Group
Industry: Real Estate
Shares (millions): 845
Market cap ($m) (1): 401
Pretax funding cost of equity ($m) (2)=(1) *8.5%: 34
FY09e pretax earnings after interest costs (4m) (3): 328
Takeover premium payable (%) (4)=(3)/(2)-1: 860
saturdays afr article..., page-36
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