investor services, page-4

Scottport,

CER have been making reports as a profitable property trust would normally do.

Simply put a sale of a property or two which has been previously well flagged and represents a small % of the overall portfolio is not newsworthy or significant from CER's point of view. It is simply business as usual well within their business plan and expectations. This is the company's actual ongoing reality and has been for some time now - and thus the recent explanation to the asx that their will be no variation greater than +- 15% from before.

It will be a plus though.

Now peoples perceptions being wrong, or paranoid or panicky does not chage the underlying reality of CER - just the share price temporarily.

I would suggest that CER is far more concerned about their banks perception of CER than small shareholders right now. Calm profitable performance is being demonstrated - a part of this is the reporting of announcements by CER in a calm and measured fashion.

CER is a profitable property company with good interest cover, which is increasing markedly as time goes on. They already have the $$ for the next debt rollover or repayment ( they can do either ) and people should start asking themselves - repaid or rolled over and what this means...

Blastoff