centros roller coaster ride...afr..., page-14

guys these proposals sound like the biggest bs i have ever heard.

there is no way the banks will agree to these opportunistic, vulture, fire sale offers.

this is what's going to happen

the banks will extend until september 30

the debt markets will improve demonstrably by that time - the sentiment has already started to change

the banks will probably refinance centro as is, albeit at a higher rate. possibly a capital raising at above $2.

the banks will loose BILLIONS if they put centro into administration. now why would they do that?

the underlying business is extremely strong, they have no trouble paying interest (interest cover is a cool 3x), world class assets

centro is a once in a lifetime buying opportunity