Just my own thoughts.
Personaly I would tend to look to a spliting of CER into two, CER-A and CER-USA (reflecting purely properties in each country.
CER-A may need a cap raising to reduce stupid LVR ratios purely to satisy the banks shiney pants even though interest payments are well covered.
CER-USA may need to sell properties/raise capital to comply with ICR ratios but has no problem with LVR.
With two seperate companies there is less interdependence and CER-USA is left with the currency hedges (their no use to CER-A).And list CER-USA on NYEX not ASX, as it is then purely an USA company/trust
Neil
Just my own thoughts. Personaly I would tend to look to a...
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