CPKs gearing level is around 60% with CBA the largest lender. That % figure should fall during the rest of the year as capital repayments on the CBA loan are made, the cash coming from sales at Martha Cove and other projects. I'd say that any property downturn will mainly hit the bottom end of the market , the luxo end where CPK operates will probably escape the downturn. CIY is a worry though, there's always a possibility that they'll offload their 30% of CPK which is probably the main reason why the sp is so cheap. Overhang is such a bummer:(
CPK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
