things getting interesting., page-4

"Centro has a cross-ownership structure where Centro Properties owns assets based in the US and Australia, some of which are then managed by Centro Retail Trust."

Oh! The information that we get from the press and we are supposed to believe what they say.

Maybe they are right and there is "seperation" in the wind.There are good and bad with any breakaway. I wonder what the powers that be will think about CNP having a controlling share ownership. Will the capital raising be by CNP selling a proportion of the CER holding. The article says that the lenders (banks) are not too impressed by a capital raising. Could it be that they will not be able to cash in on the debt for equity deal?

The good thing about independance from CNP would be the stopping of CNP using CER as a cash cow. The bad thing is the costs which would/could mean new offices and staff,huge fees to the brokers of any deal,costs associated with unwinding any cross loan guarantees etc. These costs may kill any chance of a dividend this year which could lead to a drop in the SP.

All speculation but there will be changes and we are yet to discover what they are. There could even be a move to completely change the structure from a trust to a public company. I think I'll go out in the garden and ponder the possibilities.