OWNERSHIP of stricken shopping centre giant Centro has been...

OWNERSHIP of stricken shopping centre giant Centro has been handed over to its bankers under a deal revealed last night that promises to save it from the liquidators.

But under the deal, dividends have been cancelled until at least December 2011 with shareholders "unlikely" to get any further payments for up to seven years.


I think people believe that this applies to CER as well (makes me want to sell my cnp's). Oh well, keep loading up. As I said, the dividend announcement was ordinary, no actually terrible is probably a better description. To issue both announcements (CNP and CER) simultaneously only adds to the confusion.