Money grabbing advisers should be put to work hard and nothing short of an amazing proposal that really unlocks value for all centro shareholders should be accepted.
Yes the major plus is separate advisers and the appointment occured in a sub committee, but the major concern is the JP Morgan link. I understand the need to have an adviser on this thing that knows the business, but maybe this is a limiting factor.
I am on nursery's team. I do not want a dividend compromised to overpay for some advisers. I want value for money from every transaction the company undertakes. Just beacuse a bunch of suits with fancy degrees wants a massive fee does not mean that we cannot get solid value from this.
Anyway they have their work cut out for them. I just hope the business does not end up getting sold out in bits and pieces for nothing in some fancy restructure.
CER Price at posting:
15.5¢ Sentiment: LT Buy Disclosure: Held
