"Mr Rufrano is negotiating with three serious bidders for its $1.1 billion Centro America Fund assets as a portfolio."
Then it goes onto say:
"JP Morgan's broking arm said any sale of the CAF assets exceeding $900,000 "would be a good result in our view"
$900,000 for CAF, thats a 3 bedroom house in Manly. I think it would be $900M and that is seriously below book value!
60C net asset value in 2009!!!! That is a downgrade and a half!
This article is awful.
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breather for some centro syndicates as investo, page-3
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