cnp buyout: really, page-18

1127 [Dow Jones] STOCK CALL: JPMorgan cuts Centro Properties (CNP.AU) to Underweight from Overweight after 1H result. "New disclosure of contingent liabilities and commitments in the December accounts make for grim reading," JPM says. Centro is sitting on contingent liabilities of A$3 billion and contingent commitments of about A$580 million. "Centro's debt re-financing workload is a mountain that still needs to be climbed, made more difficult by its lenders in both the U.S. and Australia having to deal with a growing list of their own problems. We can no longer recommend this one to even the bravest of opportunistic investors." Last trade down 7.1% at 39 cents. (ABH)

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They know more first hand before its released to the market !!!!!!!