todays announcement

From my reading of it, today's announcement is not good news. At best its neutral and worst its bad. The long term nature of these hedge positions of 2 years plus (in effect anything past 2 months is the distant future for Centro right now) should have little to do with the SP for Centro.

Centro's SP could take a battering with the 'sell first ask questions later' that traders seem to have but I'm going to keep holding onto my 15,000 Centro shares. I still believe the probabilities are more likely than not that Centro will survive and thus have a 12 month share price north of $2.