You wrote: "For instance, the liquidity facility had a cost to it and wasnt a freebie from the banks.
It was not far off it!
You wrote: "You say that banks will swap their debt for equity in properties without any dilution for shareholders."
They were looking at various models of this scenario, as well as others.
You wrote: "I say that wont happen because I believe that the banks will want as good as cash and to get that, shareholders will get diluted eg by the banks wanting equity at favourable rates to them."
I think it has been made quite clear that any prospective deals / arrangements be at 'arms length' and be supported by way of valuation on a comparative or capitalised model. There will be a dilution if you like IF instead of a sale we take on a partner, therefore the partner expects a return on investment less cost of capital; and again an additional benefit for Centro is that it has continued income stream with certainty of Management Rights.
Cheers, Pie :)
CNP Price at posting:
0.0¢ Sentiment: None Disclosure: Held
