Breezefly...CNP has ONLY 800million odd shares as CER has around 2billion shares..even if CNP gets diluted by 100%..all it means that your divs are not 44c but half that..as far as CER..no affect as CNP is the management and CER are the owners of the realestate..shopping centers...51% of CER shares is owned by CNP...so CNP through owning 51% of CER have an intrest as well in the real estate...DYOR..and you may understand what is being played here..as far as the dilution of CNP..it does not affect CER...just more shares in CNP and smaller divs..when the problems have subsided..as CNP and CER have over $1 billion cashflow per year and paying all their bills we may see this group survive..remember the Burns Philp story..BANKS dont like a haircut as with proper management...CER,CNP will survive..why..there is a huge cashflow of over $1billion and a lot of companies and Banks like that as it pays all the bills..and CNP,CER have certainly got that in their favour..money coming in...same as Burns Philp....but for Mr Hart..who picked up most shares at 3c...and convinced the Banks that it would survive..well it did...and the same situation is here...DYOR
CER Price at posting:
0.0¢ Sentiment: None Disclosure: Held
