yes, it was a good outcome for CNP holders. considering NTA was at negative $3, with no immediate prospect of a recovery.
Does SGH have any immediate prospect of recovery if the new lenders don't extend their debt and/or negotiate a DFE swap? They are essentially in the same situation as CNP.
Their last trading price was 5 cents. They were offered 5 cents
Of course the last trading price was the same as the offer price. The offer was announced in August 2011 whilst the stock continued trading until November/December 2011.
What's more relevant is where the stock was trading when the offer was first announced 3 months earlier? I'm assuming the price fell to 5 cents because why would you continue holding the stock beyond its cease trading. The max. you would receive is the offer price?!
9 August 2011 - CNP: Centro group announces restructure agreement
5 October 2011 - CNP: CNP Board unanimously recommends Centro restructure
22 November 2011 - CNP - stakeholders approve Centro Group restructure
Slaters situation is somewhat different. Equity is negative 40 cents. yes. However, potentially, Slaters can be back in the black at the end of this year. That's the million dollars question mark?
Is Slaters profitable? i would incline to yes. if given enough time for the PIP to kick. every other law firm is profitable, why can't Slater be profitable?
Slaters potential has nothing to do with what shareholders will be offered here. The business is not currently profitable, all you have to do is read the most recent financial report.
