The banks probably don't want to own 90% of Centro. If they do in 7 years time, it is effectively in receivership and I assume they will either sell it off in one lot or in bits and pieces.
I am sure they don't want it and shareholders don't want it. What the announcement does, if I read it correctly, is give Centro 7 years to recapitalise. Someone might knock on the door next month and offer or in 3 years time, who knows.
The problem is that for 3-7 years without dividend few institutions will look at it and the share price will linger. I have concluded that I am better off taking my money elsewhere until they sell off some meaningfull assets and then hop on for the ride.
- Forums
- ASX - By Stock
- CNP
- puzzle solved - gr great job
puzzle solved - gr great job, page-47
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CNP (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
UNT
UNITH LTD
Idan Schmorak, CEO
Idan Schmorak
CEO
Previous Video
Next Video
SPONSORED BY The Market Online