entro properties gains debt extension to dec, page-2

"The company, which has a portfolio of 803 malls in the U.S., Australia and New Zealand worth A$24.9 billion, is expected to make a statement to the Australian Securities Exchange later Thursday, confirming its fourth extension since Dec. 17, when it first informed the market about its mounting debt problems."

So, $24.9b with (I understand) about $19b debt (in total) - that's a NTA of around $5.9b. So how did JPM and CBA come up with a sp of 60c and 50c respectively?

What a lot of rot - the sp should be in the $2 - $5 range (assuming you can only realize 50% of the NTA), just on these numbers! Both these banks gave crappy valuations only to justify the breakup of Centro - if it went that way.

GL to all SH.