we came bck to the mkt at 1.93. At 2.20 we certainly are back to the sp of last November....our current PE is 14.4 ish, a premium to the sector at 13.7, but this uses last years earnings per share, so the question is, what eps are we considering for the year nearly gone, and for the year to come? Presumably there is some concern on earnings given that we have given up half of quite a few of our centres, though we still get the mmt fees is my understanding? Westfield is off 12.5% since its peak, and we are off 18.5%, but they haven't gone ex div. We lost 20 c ysterday, so before that we were only down 11%. Basically therefore, its the mkt, not us.
FDC Price at posting:
$2.25 Sentiment: Buy Disclosure: Held
