the perfect storm, page-33

Even if the Div was cut to 9.2c per share it would still be a huge yield at the current prices. Priced at $1.00 thats 9.2% yield for any prospective purchaser, $1.20 7.5% which would still be a great return for most of those funds, especially when you consider that is 27% below the current div.

Now I dont want to go against much smarter property people than myself but I see the downgrade to sell as being a little 'opportunist' (not the right word but hey). Surely they know better than ourselves the potential synergies of tie ups with both local and international firms?

It would appear that most of the property stocks have been further sold down over the past week.

After my own review I believe its a buy but hey I am probably wrong, it wouldnt be the first time and wont be the last.

The above is not advice, dyor etc