announcement on centro.com.au on msc 36 update, page-5

I make a posting on this a while back and it's probably still close:

http://www.hotcopper.com.au/post_single.asp?fid=1&tid=697597&msgno=3026546#3026546

Remember that CNP wrote off $578.2m of New Plan goodwill at the end of last half and a further $278m on other property revaluations. All of the US assets were revalued in December last year so we will only be looking at any changes in the last 6 months.

From the unit prices for DPF and DPFI, it is clear that Centro have revalued their US assets in May and June. I think we will see a 'cleansing' in the upcoming accounts which will take the full hit in one go.

SuperLLC is the key now. If Centro can do something about this vehicle, either though a sale or an equity injection from outside, it will take a lot of pressure off the stock.