expect 33% divs in 12 months time, page-26

Have just speed-read the ann. Clearly the optimism within the ann a couple of months ago has now become more somber. But all is not lost and most centres will stay open. Sadly it seems divs must wait until 2010.
A couple of points:
1) AEU note: "As a means of measurung performance, HAD the distribution been payable, initial estimates, subject to the full year audit WOULD have provided a distribution of aproximately 6c per unit, consistent with the most recent guidance."
Very weird.... and may i say a bit 'Orwellian'.
A) The distribution was NOT paid. Why hipothesise?
B) 'aproximately 6c'. 4c+2c=6c EXACTLY. No maybe's about it.
C)'consistant with most recent guidance.' Well that was 2 days ago and it indicated the 2c would be paid!!

No doubt AEU are doing their best is a tough situation. But they should have been more circumspect in March ann. SP is down on the news and may drift further as tax year- end fast approaches... and punters realise divs are at least 7 months away.

The debt situation gets a mention. That too has not been finalised. Until the uncertainty surrounding NZ centres, ABC1 and debt negoaitions is settled.... i can't see SP going North. A drop to 21c is possible. For those with long term view it will provide a buying opportunity.