where are we at, page-24

Hi Scottport

As at 30/6/09:
Assets = $1,112m
Lias = $931m
Equity = $181m
Shares issued = 545m
NTA = 33c

Here is a possibilty:
31/12/09 (just a scenario):
Assets = $1,001m (after a 10% write down)
Lias = $931m
Equity = $70m
Shares issued = 545m
NTA = 13c

And here is another possibilty:
31/12/09 (just a scenario):
Assets = $945m (after a 15% write down)
Lias = $931m
Equity = $14m
Shares issued = 545m
NTA = 03c

It works in reverse as well of course. I reckon AEZ will survive, property prices will go back up and we will make an absolute killing. But there is some risk involved!

60% in one stock however? Not sure about that! There are other good risk/reward REITs out there. I'm spreading the load....

I hope you make a fortune on this.