CNP 0.00% 4.0¢ cnpr group

is there light at the end of the tunnel?, page-13

  1. 424 Posts.
    I think more interesting than the results is the language used by Robert Tsenin in playing down what has come about.

    I know that the underlying business is still struggling,but lender group must be looking at the change in property valuations more positively and even though Dec 2011 represents a big speed hump by way of refinancing of debt the change in direction over the last six months of property valuations is encouraging.

    Should the pattern continue then a swing from negative to positive equity is feasible.

    The capital structure and gearing is still too high and while this is not a last gasp it is certainly a more positive outlook.
 
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