going nowhere fast, page-60

Westfield certainly has good management and I respect Frank Lowy for his passion and building an empire from empty handed...

but I think it days of growing are over ..it now a old slow moving dinosaur...

and I doubt the Lowy do this for its small shareholders
this look like another capital raising to me cover with smoke

also they do this to protect their own interest should property market turns in Australia..I sense they know the property market in Australia is sitting high and pretty right now and it probably wont last ..so let do something about it before it fall into line with everyone else :-)

look at its performance for the last 6 years it under-perform the market by a some crazy margin...

6 years ago they said staple everything up into WDC group will give them the strength and power growth
6 years later under perform the market.

Now 2010, split it up will give them flexibly to grow again that is the message :-)

wait until 2016 and see how it compared to the market
by then they may stapled them again...