While I agree with you guys and in fact sold all my CNP and increased by CER yesterday (but too early I feel know), the Centro PR machine is useless. Until CER has a seperate head and PR team it will continue to suffer.
The only thing that will turn these babies around are some dividend payments and or asset sales.
What I would appreciate knowing is what happens in the half year accounts due to the exchange rates. CER has US$6 Bil of properties
e.g. US6 bil @ .96 = $A6.25
US 6 bil @ .7 = $A8.57
Even with a lower valuation CER is still way in front and can take a hit locally as well - or have I got this completely wrong? Are the asset values hedged as well?
While I agree with you guys and in fact sold all my CNP and...
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