Hey redned, i think defab mentioned something about this a while...

Hey redned, i think defab mentioned something about this a while ago in the cer cashflow statements.I will look into this myself when i have sometime.But just wanted to add that some of your methods based on worst case scenario is similar to my approach so it's good that you also price in the negatives but i guess we both agree that cer is undervalued and given all the negatives will still have a considerable margin of safety and i think investors will wake up to this as these malls are excellent tangible assets with banks backing i.e. No fire sale of assets.

cheers