CNP 0.00% 4.0¢ cnpr group

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  1. 944 Posts.
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    quote[
    I did ask the same question to Centro Investor ctr, the reply I got was "their investing arm and banking arm work independently, they don't have to inform about any action they may take about Centro"

    In short , nothing stops banks to pull the plug even if they hold 10% of shares
    ]
    Thats an 'Offical Line' It always has to be. In any organisation if you take an action that will effective effect another arm with the same organisation you factor this into the eqastion. Especially if your bonus and job is reliant on the bigger picture not just your section. Centros decisions would be no doubt be made by the highest order. These losses can effect the bottom line for the enitre year. Wether they lose 100mil on shares or 100mil on loans will be in the end 100% equiviliant to each other in the eyes of the bank exectivies. To be one eyed in that situation would be near impossible. To be honest completely stupid too.
 
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