HSBC Custody Nominees 16.2500 J P Morgan Chase 12.3900 National...

HSBC Custody Nominees 16.2500
J P Morgan Chase 12.3900
National Nominees 11.4000
Citicorp Nominees 7.5500
Commonwealth Bank of Australia 7.1800
Citicorp Nominees Pty Limited 6.9800

This is the list of current substance CNP holders. If you have a look at the lending group youll notice the same names come up. To me holding up the SP for these guys must be as important as getting their loans back. Or a Mixture of both works well. A small loss on their share trading arm along with another small loss on their lending arm would most likely look better then one big loss on either or both lol.

But with 73% levelaging on assets (correct me if im wrong) You could sell centres 15% below valuation pay down your debit and decrease your leveraging. This is what I believed was going to happen to CNP. I still can't understand why it didn't. 15% below value on the AU Centres making good profits is something I would think a few parties would jump at. EG westfield who apprently have 7bil in cash they want to spend!

I dunno maybe I need to retire GR and take over! Maybe Im over simplifying something. Happy for people to tell me im wrong though. At least I could put my mind to rest why that approch was never taken! My estimate would have seen I thought around A SP of 40-45c