unfortunately we have no way of verifying any news story...it is all just gossip. "the australian" to date, has become a less than unreliable source.
The AFR has repeatedly referred to the complicated debt for equity swap that is currently been negotiated.
With the drop in CBA SP with the announcement of the AFG loss, I shudder to think what will happen to their SP (and their reputation) if they do not seek to recapitalise the Centro business on the basis of sound busines logic..
CNP Price at posting:
7.2¢ Sentiment: Hold Disclosure: Held
