Fist of all we had Fincorp , then Westpoint , then ABC , MFS,...

Fist of all we had Fincorp , then Westpoint , then ABC , MFS, Centro , and Allco , I for one bought some CNP and some AFG on the drop but are running out of patience as the time clock ticks towards further refinancing requirements for all these companies.

Once they both got their stay of time extended in the last 2-3 weeks , I was of the belief there would be an asset sale or 2 to see debt reduced shortly thereafter , and both companies then re rate without having to apply for life line and after life line continually watching the clock not the business.

As the seconds tick I get the feeling its harder and harder to find buyers of property assets of substance like cnp, abc etc and have further confirmed this with some of the babcock funds falling on capital raising issues , macquarie on reasons I dont get as the result looked good to me, as well as Becton which I bought a few months back on the back of their results , but they seem to have a very yukky looking chart developing

Is there any in the hot copper house that have a view on Centro at these levels , and more particular have a view on becton at the 1.70 level , am tempted to go reverse my becton position to short but only from the chart , as the yield seems historically ok .

Love to know others thoughts

I hold afg, cnp , bec , mbl