both cer and cnp just put in trading halt, page-24

I agree with Nursery that a deal like this will probably cut off the possible upside - seems there is always a trade off - greater security but at the cost of potential gains.

Depending upon the deal the best we can predict for the SP may well be the NTA less a little bit because it's an REIT with gearing. Nursery's 40c is certainly possible.

I look forward to Defab's analysis of the deal when it's available.

Regards
Alf