centro executive ross johnston quits..., page-9

striken, that's a new one.
can add it to my list of beleaguered and embattled.

on a positive note, centro is a fair step up in quality from the likes of home loan, and various finance, property and inventment companies, with similar loan to value ratios; at least they have a significant revenue stream.

putting the property revaluations aside, we should be looking to see if income outweighs expenses after tax.
revenue was up nearly 100% to $745M

can someone please point me to where to look on page2 of the ann report for management and employees salaries/wages.
is it the management fees and employee benefits expense?
that would be about 77M in total
which leaves 186M

we can ignore the advisor fees since they shouldn't need anymore advice (especially at that price)
so only looking at the real expenses, which includes the cost of finance, on page two we have 823M

which looks to me as if expenses are exceeding revenue by about 80M
so if we cut the directors fees and employee wages then centro will be operating at near enough to break even.

and if they don't then each year they will be getting deeper and deeper into debt.
management will work for free if they employ mrs doyle as a tea lady, and employess will work for free if they drink boosted levels of flouride in aqueous solution, during their breaks

the advisor fee i will charge for this will be 2K
which sure beats the hell out of 70M.