There is a way BUT is a way that directors often find very difficult to do.
It's simply DO NOTHING!
Doing nothing other than running the business as per normal sees CER benefit in full from any property price recovery during this time. It also sees the debt continue to be paid off slowly but surely and a point will be reached where this process really snowballs.
We are already at the point where debt rollovers are becoming non newsworthy and simply business as usual.
"Doing nothing" earns the merchant bank advisory firms no fees so they are unlikely to offer this advice.
I would suggest that the stupid folly of buying up property at peak prices with debt is not as bad as selling at the lows. Worse again however is selling just before the recovery. WAKE UP DIRECTORS!
Blastoff
CER Price at posting:
16.5¢ Sentiment: LT Buy Disclosure: Held
