CER 0.00% 32.0¢ centro retail group

News: Lawyers for Centro to make millions , page-3

  1. 4,683 Posts.

    Tell me how owning 49% of a trust that earned 15.6 cents per share and that has a gearing of about 44% can't be better than the proposed amalgamation?

    Am I missing something?

    Pro forma FY12 EPS of the new entity = Underlying EPS 15.3 cents.

    So Centro board expect me to:

    - Lose the NTA of my shares by 4 plus cents.

    - Lose the quantity of my shares by 5.8 times. 10 mill down to 1.7 million for example.

    - Lose shareholding strength from 48% down to a minor 14%.

    - Lose .3 cents EPS whilst CNP sucks more of my earnings with their 74% holding.
 
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