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0.00% 32.0¢ centro retail group

one of hte articles say commercial properties have dropped by...

  1. sutantom
    138 Posts.
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    30/01/09
    17:37
    Post #: 4745083
    one of hte articles say commercial properties have dropped by 30% in 2008

    so if centro has a gearing of 60%, and properties have dropped by 30% doesn't that mean they will have a total gearing of 90%? and if that happens they will break lending covenants?
    CER Price at posting: 6.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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