"To any of the CENTRO executives out there. You have a brilliant base of assets that have under performed on the balance sheet, you still produce plenty of cash, so just sit tight, remove the noose that is the debt for equity deal from the companies neck and then win every corporate recovery accolade there is in the market."...
And I would add: - try to reduce any penalty interest rates - resist pressure to sell assets if there is no clear rationale given for significantly reducing the LVR; especially when these same assets are likely to be revalued significantly in the short to medium term future.
Thanks Truesouth
CNP Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held