Flash,did you ask about the RBS facility or the divs?i was just...

Flash,

did you ask about the RBS facility or the divs?

i was just looking on the AEZ website and the RBS annoucement was made on the 8th of October, almost 3 weeks ago and we still have no news. either they didnt get the extension or they did but are not releasing the info because its gona be expensive.

either way, even if its 2x as expensive as they were paying presviously they need to get this issue sorted. once thats out of the way they can then focus on either selling down a few properties and reducing gearing.

either way, they are going to have to do something to close down this gap between the share price and the NTA.

at this price the trust has an MC of around $50m. yeap for $50m you could control $1.2b worth of property. for the market to be right the tusts property values would have to fall around $400m, or 33% from the June 30 2008 values.

show me some evidence that the property values have fallen that much in Europe (not the UK). the trust's value was written down by 10% last year, so the market is saying that the property values will come down 43% from their 2007 prices, while being fully leased with 3% growth in rental income?

talk about market inefficency.

im happy just to hold but i want my divs to be paid as compensation for holding this asset.