share price , page-50

not so sure dart. 40m extra on 1.4b works out at around 285 basis points - that is a huge hit for a company securing debt against assets with a book value that would only give a LVR of 75%. Strongly suggests to me that the lenders don't believe the asset valuations and are thus uncertain about extending credit. Given they have had months to run the rule over the assets that must be slightly worrying for holders - I imagine CNP would find it even harder to attract new debt/equity investors.