prepare for privatisation, page-21

The Australian News paper had this to say this morning about Goodman Group. Note the "something BIG"


Market sources said the Goodman Group, a global industrial property owner and developer, and Macquarie CountryWide, which manages $5.6 billion of retail properties, were among the trusts most in need of a capital injection.

Goodman is due to refinance $438 million on Saturday -- while Macquarie CountryWide has $931 million of refinancing in the next 12 months.

Goodman, which last week sold $101 million of European assets, has secured an as-yet-unnamed strategic partner (outside the existing banking syndicate) to help it meet its debt deadline.

Analysts said there were "a lot of chatters" and rumours that Goodman was about to do "something big".

A leading analyst said Goodman could consider a rights issue, but he questioned whether the trust could raise enough to meet its requirement.

Based on its market capitalisation of $834 million, said the analyst, Goodman could raise about $500 million as it would have to offer a discount.