distributable profit forecast 31.12.08 is 7.2c, page-4

defab,

Brilliant work. Conservative and reasonable. It was great to shed light on the much diuscussed and little understood hedge and FX exposure that CER has. My thinking is that it is not particularly onerous. Even if they are cash settled, entities usually continuously roll their hedges forward....like any derivatives trader who is serious about making money from derivatives. Positions are opened and closed on an ongoing basis.

Of course we, like you I imagine are also particularly looking forward to the actual distribution per share. As you know, if the distributable profit was 7.2 cents, it is unlikely that we would get the full 7.2 cents...right?