If you read the article, CBA has warned of first half provisions stemming from losses due to Lehmann Bros, Allco and ABC Learning.
No mention of Centro whatsoever.
Also, CBA has a July to June bank year and therefore their first trading half completes on 31st December.
If they send Centro to the cleaners this will be on 15th of December. At which time they will need to provision for bad debts and impaired assets etc. etc.
So it's 13th November and so far it is not on the cards for CBA to provision for Centro. To make the statements they made today and not mention Centro only to roll them over on December 15 would, in my opinion be quite misleading.
Just reading between the lines. And again, just another theory.
Cheers.
CNP Price at posting:
6.1¢ Sentiment: None Disclosure: Held
