YESTERDAY'S column erred in describing CBA as the biggest lender to Centro when in fact ANZ claims that title with $400 million in unsecured debt and $800 million in secured debt, against CBA, which has $140 million in unsecured debt and $1billion in secured.
Separately, CSR will raise around $350 million in a placement underwritten by UBS. And in extraordinary trading at Asciano over the past three days, its share price has increased in value by 2.2 times to $1.55 on extraordinary volume, with close to 30 per cent of the company changing hands.
Etrade and CommSec have been the market leaders and theories on who is buying the stock range from Middle East interests friendly to the company to Peter Scanlon/Chris Corrigan (Corrigan declined comment yesterday) to day traders.
The company says it knows nothing, but next week something should emerge. Meanwhile, it will no doubt keep everyone informed of progress on the sale of a stake in its rail business because any news on this front can only help its survival.
CNP Price at posting:
6.2¢ Sentiment: None Disclosure: Not Held
