CER centro retail group
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superllc 31 dec 2010 analysis, page-8

  1. scrabble1
    5,874 Posts.
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    08/02/11
    14:51
    Post #: 7859387
    Yep that ridiculous double digit int rate on that loan to CNP.

    Pg 82 of the annual report shows the loan balance being $111m from July 09 to June 10.

    A total of $9.12m interest was paid during the year from CER to CNP, which equates to a rate of 8.2%. No principal was repaid on that loan!

    I too would love to see it go but whilst CER and CNP are remotely connected, I cant see it going anywhere!

    Cheers
    CER Price at posting: 30.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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