I see the biggest winner out of all of this is the cba .
The debt is rolled , the company future is now bright .
They will have lots of income to pay back a reduced debt at reducing rates as they no longer will pay dividends , as well as ample time to see assets that will begin to yield higher prices increase in value against inferior returns from international cash of 0% to 5% over the long term
The bottom line is CBA will have the option to be repaid (most likely ) in cash or an increasing share price
G Rufrano is nearly as popular as the richmond selectors at the moment in my opinion
I Expect profit selling in the late morning through the afternoon but a steady upward momentum over the next 6 months as one by one the asset sales come in whilst the company assets and cash grow against a continuing reduced debt.
I am much happier than last week when I expected a much worse result and will be a buyer at any price close to 10c expecting to see 50 in the next 12 months
Just the opinion of a knife catcher with blood on his hands from losses on ABS and AFG
CNP Price at posting:
8.7¢ Sentiment: LT Buy Disclosure: Held
