That is 60 million revaluation gain on an Australian portfolio of 10 billion for the Centro Group.
This should do the NAB a lot of good.
I hold heaps of CNP and therefore half of CER.
Last year CNP had a loss of 2.5 billion. This year they will almost certainly have a profit or a small loss on the US property valuations. The profit will be better by more than 100% compared to last year. This will look good.
My price prediction before results are announced are CER 25 cents CNP 30 to 40 cents
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now for the restructure, page-4
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