On the contrary Markie I think we can get set for a flood of good news as assets are progressively realized and turned into debt reduction and/or surplus cash.
Assuming we realize the other assets at NTA then once we are concluded, the Balance Sheet will look like this:
Cash $393m Retirement Assets (net) $1,007m
Equity $1,400m
Shares issued 500.23m
Not too shabby a position to massively ramp up the development pipeline. In fact I'd contend that our present development pipeline isn't large enough.
FKP, bite the bullet on the AEH minority shareholding and buy the lot to improve our Balance Sheet yet again..besides AEH had a good development pipeline.
FKP Price at posting:
$1.87 Sentiment: LT Buy Disclosure: Held
