my thought on cnp, page-2

I think everybody has an opinion on CNP. Has anyone ever read my short, mid and long term goal for this company...

Mr NewB let me elighten u of some facts that u might have not known with some stocks...
CNP at one stage was $10 - Many investors wanted to leave it because of its debts.. Drove the share price down... For the people that read charts saw the CNP on a downturn point and never new why.. So they did not invest in it and idolized themselves for not investing in CNP when it was at high levels...or even at $6..

Then December 17 came and the banks did not want to refinance the loan.. From then on many investors made heaps of money on this news as they shorted the stock like crazy... One thing the directors did wrong I believe in my opinion is not put a trading Halt on this stock and steady its price till they sort out everything and get the refinance extension from both banks ad then let the stock trade @ $6 and hardly any investor would have been hurt.

Like ABS & MFS ( known today as Octavier)... Abs stopped the trading on its stock till it organized its work fully and then let the stock trade again.. Do u think ABS is stronger than CNP.. No way look at the levels they are trading at. Another example is Wesfarmers.. Immediate TH .. U do know that wesfarmers SP would have plunged if no TH...

For the price to reach $2 some time soon it can.. If you look at its trading in January it was in the $1 something trading. The only thing that affected is the extensions from both banks (Aus & US) and the price went down again.. Again I can say the Stock should have been on a TH till extensions come through. But no the directors let it trade. Who would have thought CNP would reach low 20's .. What a joke. Everybody knows the extension is happening as the banks would get hurt if they appoint admin to sort out stuff so everyone would get their dosh. E.g. the big shareholders in this stock are the banks..

U have Commbank- Imagine the amount of dollars that they would loose if they let it out.. They would loose all their shareholder and big portion of its unsecured loans.. Can you imagine its price once announcement is out.. It will get hammered. And same with other banks.

To go back to its short mid and long term goal..

The shortest term goals:
The extension from the Australian banks.. Which they have it secured. If extensions was not granted u would have seen directors resigning left right and center.. All are still there but only its chairman is out. This would drive the price to somewhere where it was trading in January between $1 -$1.5.

Mid term Goal:
Start selling assets that at appropriate prices. Centro will be able to sell assets in its CAF and CAWF portfolio for great value. This would please all the banks and pay a great portion of its 4.2B loans... The rest will be refinanced. Remember there will be no issue of shares and the company will be settled by then and sailing. Price would be in the $2.5 region... Dividends would be paid in either 1st or 2nd Qtr of 2009.

Long term goal:
Pay off its debts ad refinance before time of maturity of debts. Not to cause the same mistake again. This will never happen again at CNP. Centro will pay dividends and increase its portfolio globally making one of the biggest or the biggest retail shopping centre globally. Who knows what price it would be then..That 2-3 years time... $15-20/share.

MY Opinion and DYOR...