CER centro retail group

superllc 31 dec 2010 analysis, page-5

  1. 5,874 Posts.
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    Hi Axl,

    The impairments were written back slightly only because the AUD/USD at June 09 was around 0.80 and at June 10 was 0.84. The AUD value of the impairment was lower at June 10 because of the higher AUD.

    Super LLC to CER is like a call option with twice the potential benefits of a normal call option (property writeups and impairments writeback) that is still valued at 0c!

    Cheers
 
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