centro flags sale of $450m of us assets, page-4

Hi All,

Well its startingto come together.
Aussie $$ hopefully back up on interest rate news to close out the last of the hedges.
Banks putting the sword to CNP seems a no brainer now.

Westfield looking to split or raise $3b $$ to possibly buy the US shops from CNP or at least take out there share.

If all that happens then CER should be left with little or no debt and a lot less revenue but at least it will be operating and getting back to basic's one would hope.

Interesting times ahead but who advise's Westfield UBS aren't they advising CER all very interesting.

I think CER is now a very solid buy little downside and get out of CNP as the banks control it and they wont care about the little guys as they mop it up.

No idea what will happen but it seems somethings up.

Cheers
Hotlegs

Cheers
Hotlegs