Unless I have missed the point Allco are now struggling with their earning and maintaining a viable operating business hence the call to say they will miss a debt repayment schedule for Nov and Dec - not the same as Centro all all (except the debt issue).
"Why do you think Bank shareprices are so low"
I think you will find the sharemarket is capitulating across the board - a serious bear market - sentiment playing a major part. The reality in a few years time we will be saying 'what credit crunch?'
"So what if they have a income flow? their assets are falling in value!"
If I buy a house and let’s say I borrow 80% and I meet all schedule loan repayments (interest and principal) and say the property market drops 20% and have no issue meeting repayments - will the Bank be knocking on my door to call in the loan? No they won't.
"I would get more enjoyment sitting on the gutter outside of my house and throwing $100 bills down the drain then investing in this company."
Look if it's not too much trouble can you come and sit outside my place and do this.
CNP Price at posting:
7.1¢ Sentiment: ST Buy Disclosure: Held
