At least you are able to walk away with something. Many wont.
Centro cant repay the debt owed. The banks arent going to be lending any more to Centro for liquidity unlike last time. Without liquidity, Centro will be unable to operate. They can't sell properties for what they need to to repay debt. Credit markets have dried up - banks cannot borrow money to lend. The property market is only going to get worse resultantly as no-one will be able to buy.
We are more likely than ever to see the banks move now to try to get back what they can before the property market dies completely. When this happens, shareholders will get back nothing.
- Forums
- ASX - By Stock
- CNP
- centro sent me broke
centro sent me broke, page-2
-
- There are more pages in this discussion • 3 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
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online