g'day angel, you've got CER & CNP mixed up. No debt for equity happening at CER. All debt still stands; all $6.1 Billion of it.
also what data did you use to say: "With the low vacancy of retail spaces in CER's retail portfolio, re-valuations of their shopping centre should not fall that much". read my previous post & you'll see the tip of this rather large iceberg. USA is a basket case & getting worse. There will be many more retail bankruptcies that will impact CER revenue & profits. any property sales, while agree not forced, but in this market will be well below book value. Remember as they sell assets, they no longer generate profit = lower revenue.
suggest you carefully read ALL announcements by CER, then you will understand their position.
cheers,
ned.
CER Price at posting:
7.8¢ Sentiment: Hold Disclosure: Held
