lolYou guys are hilariousI await a genuine holder joining the...

lol

You guys are hilarious

I await a genuine holder joining the top 20 to confirm that last week wasnt all day traders having some fun

Rumoured 90c bids also need to be confirmed. And contrary to option on here, id be astonished if more then 2 or 3 parties had the ability to raise the necessary capital to repay centros short term liabilities first and foremost.

I suppose im saying, lets all have fun trading this one, but dont get carried away. Nothing has really changed, but a AFR article, and its impossible to work out where the real estate and credit markets are.

For that reason, its impossible to accurately value centro. And with that, id be surprised if more then 3 or 4 co's put in a bid.

Citadel are one co that has been widely speculated to have put in a bid for cnp. They are a large chicargo hedge fund who have made a killing buying distressed co's and distressed debts - obviously not to dissimlar to centro. IMO, they are as likely as anyone to take out centro.

But this wont be an 'auction' per se with multiple bidders. It wont be a 'sellers market'. Centro will have to take what they get.

They have no choice and no bargaining power. Cause if they dont, then their raising a gazillion shares at 5 or 10 cents. So hopefully that doesnt happen