CNP 0.00% 4.0¢ cnpr group

cba sells debt for 56c in the dollar, page-4

  1. 424 Posts.
    I read today's AFR article on this very issue and they put a different spin on this.

    They look at the buyers of the debt more closely than why the debt is being sold. Some of the suggestions made in the article are:

    1) Could be an opportunity to flip the debt and sell out to another party at a higher rate once the restructure process kicks into full gear early next year.

    2) Could be part of a more long term strategy by well capitalised hedge funds who see a lot of value in the CNP entity and recognise that when a recovery comes back the companies that will run the hardest are those that are the most highly geared.

    The main premise of the article is how a possible turn around could be looming.

    Yes al speculation but adds to the pool of knowledge sites like this facilitate.
 
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