For Centro it was their business model that has caused this grief. Someone said Centro should have negotiated long term lending, rather than short term. On this I have to agree - it was short-sighted of Centro to do so
JD, this is precisely what rams did and the root of its problems. And like I pointed out earlier, CNP could have locked in longer term funding for only 10 basis points more back in april/may. This would have only cost 1m per billion borrowed and would have ensured against asset firesales!
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held