the next leg up could push the sp past 22c , page-9

You said:

"The NTA will NOT get anywhere near 50-60c by June. That is just fanciful. The reality is that CER are likely to issue MORE script and raise cash before Jun-10, that will dilute existing shareholders."

When has CER in the last 2 years issued script? You mentioned they are likely to issue more script.

Do you understand CER's sub trust structure?

Do you know of their LVR/ICR covenants?

Do you know what their UNDERLYING profit is?

Do you know what debt facilities have been refinanced in the last 12 months and are up for maturity this year?

Do you know they are insulated from any further writedowns in SuperLLC? Do you know what SuperLLC is?

Do you know their 99.5% of their Aust portfolio is leased and continues to show strong rental growth?

Do you know in the US, their major tenants have performed exceptionally well, given their non-discretionary nature?

Do you understand what UBS is trying to achieve as part of the CER/CNP seperation process? Hint: It involves unlocking value, not diluting value


Before dribbling rubbish on this forum, I suggest you do some research. You may actually change your tune.