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REU still has EUR 209 million in CRE loans. If we assume they...

  1. radekm
    11 Posts.
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    29/07/08
    11:45
    Post #: 4046119
    REU still has EUR 209 million in CRE loans. If we assume they are all sold at 73% of par value (same as two other CRE loans as ann 29 May 08) then thats only another EUR 56 million loss.

    Current NTA is AUD 349 m less 94 m CRE w/o (EUR 56 m at EUR 1 = AUD 0.6) which still leaves AUD 255 m

    255 / 493 = 51 NTA per share
    REU Price at posting: 0.0¢ Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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