cer question, page-20

seanmorr

I think the reason they did not pay dividend is:

1. it was not prudent when the Centro & Super LLC deal have not gone through yet
2. you can look forward to some hefty write downs at the half yearly accounts and the leverage of CER could be worse (although I am not sure how the fall in the $A will assist CER's US asset position).
3. They can pay the div in the second half of the year in one go and that way reduce their interest expense for the year.

Come Thursday (if the announcement is made), I am not so sure they will announce a dividend policy. Based on their PR performance to date you are more likely to see a one line release:

"deal is done"
or
"we're stuffed"