"With respect to the asset sales to the various co-owners, while FDC have sold down 50% of these assets, we do receive an ongoing fee for managing these assets, and also receive market based development fees if or when any of these assets are redeveloped."
So the services side of CNP amounted to bugger all from memory. And I also like this pearl... "receive market based development fees if or when" IF OR WHEN! What's the plan!!
I'm sure our gearing is within manageable levels, so why continue to sell off our assets?
FDC Price at posting:
$2.26 Sentiment: Buy Disclosure: Held