buys, page-26

Kit,

Double bottom Beyonce bounce, and now the

Triangle

I'd like to see that.

Back to reality.

Lots of absolute b/s beong bandied around in the media.

Major works of fiction and the imaginative minds of reporters looking for sensationalist headlines.

A recent example.


Yesterday,the local Bendigo Advertiser newspaper published quite a large artice that Sandhurst Trustees, a subsiduary of the Bendigo Bank, assumed resposibility for ~$500 mill of Centros debt.

Today the Advertiser published a retraction and an apology to the bank ...... as it isn't true.
But nonetheless a disgraceful and major piece of incorrect reporting.

.....................................................

Lots of speculation right here on hot copper re what will and might happen, the value of the assets, what the banks said, etc


At this stage the final answers are not worked out and for those wanting instant results, right now thats impossible.
The most senior people involved dont know themselves the final make up of CNP.

And some here even asking the Centro receptionist for the inside word ! As if...........

The FACT is they have another month to try to sort this out.

The FACT is they do have the cash- flow, therefore the ability to make repayments on their loans.

The FACT is they do have assets which they can sell.

The FACT is they do have very senior well connected experienced people engaged in the negotiations.

The FACT is it is NOT in the banks collective interest to force Centro to the wall.

The FACT is the trend in interest rates in the US is down.



From all this it is my OPINION ( but not fact ) than CNP will survive albeit in a somewhat changed structure, but when the dust settles( and it is mostly bull-dust), they will be worth much more than their present price.

We shall see.

Cheers

Bendigo