CNP 0.00% 4.0¢ cnpr group

it is not good enough directors, page-7

  1. 3,760 Posts.
    Buffett,

    After all the faith and goodwill, I think this (so far) is a monumental failing of Rufrano. We'll never know but maybe it was a tad greedy to try for a 1.1bill sale of CAF assets whilst trying to retain management rights. I bet this was the dealbreaker.

    Why would major operators need CNP to manage centres they would potentially buy. CNP are good operators, maybe even the best or one of the best, but Stockland and Wetfield do a good job too.

    Very greedy of Rufrano indeed. CAF assets should have been sold clean. If/when CNP is out of this mess, Rufrano won't be the boss-man.
 
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