I don't think the Banks will move. if the interest is being paid and the properties are holding their value. The banks will not move, as they would need to find someone to buy the properties.
CER have other options, Underwritten rights issue, with Option find partners.
I think a Share issue with options is a good idea. Every shareholder gets the options, including CNP.
Anyone who does not want their new share issue can sell the rights, to the underwriter, CNP could do this as this will generate some cash, though in turn reduce their CER holding. Though they have options for which they can top up again. The rights holders will not have options, the options are only for existing share-holders.
CER Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
