I predicted a while ago where i knew management saw that CER was the future.
2 things will happen from this point on. 1. CER with NTA of 41c and will grow eventually over time. It will do well and refinance any high interest terms and is pretty much on easy street. It will not be A high growth share but will pay dividends and will have a burst of growth when property valuations go back to reality.
The steel and copper used in the shopping centres are soon going to be worth more then the shops themselves if.
2. Amalgamation will occur and CER will become not just a land lord. It will be come a smaller simpler and lowly geared steadier version of CENTRO was at it's peak. Impossible to predict what kind of income or growth potential this has at this stage.
CER Price at posting:
33.0¢ Sentiment: None Disclosure: Held
