CER 0.00% 32.0¢ centro retail group

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  1. 476 Posts.
    As long as the new entity lists at 5.29 x current NTA, you havent lost any value ( about $2.33). For me to stay in, they will have to pay an annual distribution over 25 cents, otherwise I am better off with Telstra shares.
    According to news reports, there are hundreds of banks and funds waiting to buy in, hopefully this will give the price a boost, I then have to consider if it is worth staying for the capital growth and small dividend, or to move on to the stability and fully franked 9% divvy from Telstra.
    My original target of $1 has now become $5.29, I am not holding my breath.

    Good luck to all, interesting month ahead.
 
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