I did some rough sums for after the split - the new WDC will...

I did some rough sums for after the split - the new WDC will have significantly lower risk than comparables, so maybe should trade at about 18x FFO in the US - so eventually worth about $7.87 per share over there (note it is still here - lol). Scentre should eventually trade at about 17x EPS - it seems better than comparables on the Aus market due to size, leverage and sector etc - so worth about $3.65 with its own management rights. No brainer deal for all parties IMO. Eventually WRT worth about $3.93 based on 17x, Current WDC eventually worth about $12.42 if my back of the envelope is correct - which it may well not be.

GLTA