CER should be re-rated as it had secured the Stabiliser Finance Agreement and company had been re-capitalised by way of swapping debts at 11 c per share($1B loans, but stand to be corrected ) into equity by the Bankers.
With the low vacancy of retail spaces in CER's retail portfolio, re-valuations of their shopping centre should not fall that much ie. in conclusion, the underlying market cap value of the company should be many times higher at $183m @ 8c ps - share prices coming down due to shorties selling their shares in hope of buying back at much lower prices - hope these shorties get caught this time round as they have done it previous on 15 Dec 2008 using the T + 3 trap !
Hope the shorties now have to chase & buy back their stocks at higher prices - the chase begun !!!
Property sales announcements should be forthcoming (anytime now after finalising the SF Agreemt) at better prices as compared to forced sale prices
What says you ?
AngelofAngels
re-rating of cer sp
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