A % of that 634m trade payable I think you will find has to do with the US450million we owe US note holders or the interest there on. We have not paid them for quite a while and we can hold off for as long as we like but when dividends start to get paid again they are the first in line.
One of the reasons for the low cash is because of a drop in dividends centro is receiving from some of its partly owned offshoots. I would think in this situation that they would be paying nothing to centro and keeping there cashflows to pay down debt. I think it was an article Tweetypie posted which said that DPF and DPFI where only going to pay a lousy 1c dividend to centro and other holders. Centro owns about 50% of each of them. The only real cash centro will be getting is from its management business.
CNP Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
