Does any one have an opinion on this one between now and the end...

Does any one have an opinion on this one between now and the end of the year.

My view is assuming the Aussie economy continues to skirt the financial turmoil IEF should move right back toward NTA which is circa 70c.

I would like to see them try not to sell any more assets rather than for purely strategic reasons. I believe that the asset value declines should be just about done, especially with a weighted cap of 8.5%. Given their strong portfolio of hotels I think it should be an easy move to tighter cap rates on some of the assets.

One thing that was worrying me was that the cap of the Australian Rules footbal club in the Cross in Sdyney was listed at 14%.
Now the venue has just been refurbished, its in what is considered a decent area to have a bar or club and yet the worst performer in the stable?
The second concern is that I sent an email asking about that particular issue along with a couple of others and received no response, which is very unlike the guys at IEF.

Any way my prediction (better termed a guess) is that IEF could be at least 30% higher than its current price by the end of the year that puts it nudging 40c.

When do people think they might re instate distributions?

I would like to see them reduce some more debt first. (given they overdistributed last year they may have a few additional million they can put toward their loan without breaching the REIT income regs)