What we need now is the Aussie to keep going in the short term...

What we need now is the Aussie to keep going in the short term to close out the Hedges.
Write ups in the next property reviews on at least the Aussie properties.
Retail numbers continue to improve in the USA which in turn will slowly feed back into write ups in the USA properties.

For current shareholders, the reality is that all existing business shrink when shares are issued.
The current board can lay the blame on the last board and wash there hands of it.
Normally you issue shares to grow a business eg a takeover possibly that is want should have been done before the USA properties were bought pre the GFC. (Now it's harder to raise the $$$)
Should the board consider some other options;
Would it make more sense to keep the divi's over the next 12 months and help pay down the debt giving the economy more time to improve. (Big brother CNP might not like that option but should an independent board be concerned by that?)

The other thing I can't understand is why would a board full of Accountants/Financial experts with experiance in everything from turn arounds to auidts to running committees (in fact CER has sent up a few themselves) why are these very experianced men going to bankers who charge large fees to tell them how to raise capital and turn around this debt mess???

If the board dont know how to do that or what is the best way to turn around the company given there knowledge and induction process of getting up to speed want makes you think a bunch of greed outside bankers with no skin in the game will come up with a better plan?
Can't you guys think up something yourselves that might lessen the blow for people like the lady who got the round of applause for thanking you all!
( A holder from day 1.)
Who is looking after her divi $$$ not the banker about to get a huge fee for carving up the jewels!!!

All capital management should take place within the board and the senior management team Glenn introduced us to.
The CEO has to know enough about the construction to realize if its workable for all shareholders.
He must fully understand the plan and know the people that will implement the plan. (His team not fly by bankers)
Only in this way can a CEO put themselves in a position to decide the best use of shareholders capital.
Once they think like an owner they will be ready to act like an owner.

Cheers
Hotlegs (Qantas an airline with no systems and my flight home was late again)