The slight rally we are seeing MAY be due to the results from Centro NP in the US being not-too-bad. These were for the period ending 31st March and were filed with the SEC yesterday.
I am still trying to get my head around them and I'm expecting a call back from Investor Services on a couple of questions I had. I reserve a final judgement until then and until I work out the changes in assets on the balance sheet.
Headline though, it looks like a quarterly loss of only US$6.8m in Centro NP is a lot less then one might have expected given the alleged state of the US economy.
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
