By: selmax111
Yesterday (11:50 am) Yahoo! Profile:
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| exactly |
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By: flickjm
Yesterday (11:27 am) Yahoo! Profile:
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| It was a good buy at 36.5c - someone got a bargain IMHO. |
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By: selmax111
Yesterday (10:55 am) Yahoo! Profile:
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| And if that wasn't the case, their share prices would still be $10.00 a pot not $.40c, and by the way, if my Auntie has balls, she would be my Uncle too. |
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By: ecchi.gaijin
Yesterday (9:36 am) Yahoo! Profile:
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| only 75% of CNP's assets are in USA. They bought these assets at too high a price, hence their dilemna not solely becuase of the credit crunch. If their assets had of been bought 5-10 years ago at a good price they wouldn't be in this predicament becasue they would have sufficient equity to refinance. Poor investing choices gave them a bad credit rating |
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By: selmax111
Yesterday (9:02 am) Yahoo! Profile:
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| Please stop using Enron, HIH and Onetel to compare my beloved Centro, they are different, they have office floors, maybe one or two and that is it. Centro has bulidings after bulidings, they are called assets, and alot of them they bought them 5-10 years ago. Centro first started at The Glen Melbourne 1997. Their operating system wasn't at fault, they knew what they were doingand they were making money and investor were getting 10-18% return, you all have to understand, this SUB-PRIME thing is NEW, never ever happen in our human history before. NO one prepared it. |
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By: tanned_oz
2 days ago (Sunday, 8:44 pm) Yahoo! Profile:
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People do have short memories. Remember that Enron, HIH and Onetel all had a death bounce prior to disappearing forever.
Unfortunately I have been in this since $1 and am not holding out significant hope of getting my money back now. A buyout by a third party seems very unlikely due to the complicated structure and the icebergs which lie in wait within the group. Break up and sale the only logical outcome but due to the banks securities everthing will probably need to go up at one time - "fire sale is a coming" |
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By: greggroach2003
2 days ago (Sunday, 1:51 pm) Yahoo! Profile:
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Selmax - i understand your persepctive - and i wish you lots of luck.
Flick - i think the law suit hanging over them is a detriment. It would be in CNPs best interest to have it settled quickly so they can clear the decks and move on - if thats what is meant to be. Its the uncertainty that will cloud a lot of things - and investors may decide there are better stocks to be in right now. |
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By: flickjm
2 days ago (Sunday, 12:38 pm) Yahoo! Profile:
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CNP and CER & AFG (for that matter) represent good trading prospects along the way to their reconstruction.
I doubt very much that the 30 May deadline was unrealistic - and CNP know they have a hill to climb but I would think that they have worked out what needs to be done and have given themselves timeframes in which to do it. That is how big business operates.
CNP have buyers waiting in the wings like vultures Citadel, AMP, Commonwealth Bank of Australia's funds management arm Colonial First State, and property group DB RREEF Trust have all expressed interest in CNP.
The law suit is a long time into the future and anything could happen with regard to this. I believe also that review of the Corporations Act with reagrds to implications of SofG outcome may also place such litigation under doubt should any changes be made retrospective. In any case litigation does not spell the end to a company.
Quotes from GR from Busniness Spectator:
"GR: The logic of this situation is compelling and I think you at Business Spectator have expressed it better than anybody. The logic is that it is much better for the banks and Centro to work together longer term than not. And that logic holds as long as we at Centro are doing our jobs and managing and leasing and running the funds management business properly. I believe that logic is correct. I believe we are doing the right job. I believe the banks believe weâre the right people to run their collateral. Therefore, regardless of how tense those negotiations were, I fully believed they would be concluded." |
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By: flickjm
2 days ago (Sunday, 12:38 pm) Yahoo! Profile:
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| GR: Iâd start off by saying something I mentioned before. We have three different groups with multiple players in each group. By and large, most of the players agree with the terms and conditions of the extension. We do have because of some consideration â some of them outside everybodyâs control â a requirement for some time frame here, which is three weeks for the inter-creditor agreements. I think itâs an adequate amount of time. I think the logic is still compelling and I think it will happen. |
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By: selmax111
2 days ago (Sunday, 10:25 am) Yahoo! Profile:
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And if they do go under so be it, my point it here, with this stock it is like a roller-coaster ride, the last 5 months, lowest was $.23c, and the hightest was a $1.12. but at the end of Friday, it is still around the $.45c mark. Yes, I think CNP is a good time to buy now, but only play with the money you can afford to lose. I am 30yrs old and I can afford this fall if it happens. But if you are 65yrs old and thinking of using your retirment fund to buy this stock, I will highly not recommanded, because if you fall you will end up sleeping on the sidewalk. Does it make sense to anyone? 3 years from now, I just don't want to hate myself for not buying it back then when it was $.45c.
To sum it up. That is exactly what I meant, if you can't stand the heat {you can't afford to lose) don't stand around the kitchen (Centro.)
Everything in this world is base on hope, the moment you were born, you mother hopes you to be a healthy baby, nothing more, nothing else... |
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By: selmax111
2 days ago (Sunday, 10:12 am) Yahoo! Profile:
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| I think you are missing the point here, the topic "Is CNP a good time to buy?" My answer is, it is a high risk stock but with high return. You can't call it gambling, because the out come doesn't base on the roll of a dice, it is base of people like you and me, you don't think there is value in it, but I do. If everyone thinks like I do, it will go up, but if everyone thinks like you do, it will go down, as simple as that. You can't call it gamnbling, because if I lose my $24,200 I can claim it on Tax, but I can't claim it at the CASINO. |
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By: greggroach2003
2 days ago (Sunday, 6:53 am) Yahoo! Profile:
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I got outta the kitchen 18 months ago. Investing when all you have going for you is hope - is not investing..that's gambling.
The figures make interesting reading - but if a stock can drop 97% over 97 days - it stands to reason it can also drop the remaining 3% in 3 days. If these rescue talks fall through - it will be 1.
The premise of the ASX is built around a little bit more than "hope". |
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By: selmax111
3 days ago (Saturday, 8:58 pm) Yahoo! Profile:
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| By the way, isn't this is the topic "Is CNP a good time to buy?" They have dropped 97% !!! Since their peak! If can't stand the heat, don't stand in the kitchen. |
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By: selmax111
3 days ago (Saturday, 8:38 pm) Yahoo! Profile:
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| What is the word "Invest", it is to make calculated risk through a period of time and hope, yes HOPE the outcome will be positive Without HOPE, there is no invest! Without hope, there well be no stock exchange. Why shares go up or down, it is simply because one thinks there is no longer a value in it so they sell, and one takes an opposite view - they buy. The higher the Risk, the higher the return. In my case, I didn't buy them when it was $10, $6, or $3. I bought them when it was $.44c, $.44c x 55,000 shares = AUD $24,200. I used my cash $24,200 and bought them back in Jan no margin loan or any borrowing. If they go under, the most I'd lose is that. I work full time 6 days a week, and for me to make that money back, it will take me 4 months. It won't distory my life, it might make a very small dent. Time is money, I can afford to lose 4 months, (we are talking about after tax cash.) They were $3.00 back in 1997, in 2007 they were $10.00, if they don't go broke, and in 2 years time, they should go back to $3.00 or more, 55,000 shares @ $3.00 each = AUD $165,000. or 27.27 months of net income, or 2.27 years. I am risking 4months of my life to try and gain 2.27 years, I think it is well worth it. We are not talking about some small company that they trade at $0.015c and hope they will find oil in 5 years time somewhere in our planet Earth, we are talking about a company that used to trade as high as $10.00, it was like a blue chip. The best time to plant a tree was yesterday, the next best time to plant a tree is today. |
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By: greggroach2003
3 days ago (Saturday, 7:34 pm) Yahoo! Profile:
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| An company as big as CNP takes a lot longer to be sunk than say, Yohan. So much more to be "sunk"...and with so much money and size - so much more effort goes into keeping them afloat. Real estate will always increase after the periodic odd hiccough, for sure - but it is about who owns that property at the time that benefits. If they are still around in mid June, should be a speculative sign that these hurdles haven't killed them off - and around these levels - I'll get back in...and enjoy the ride back up with ya. |
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By: selmax111
3 days ago (Saturday, 7:07 pm) Yahoo! Profile:
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| I don't know if you guys could remember back in the early 90's a supermaket/shopping center giant Yohan. They went into trouble, and it took them less than 3 months to go under. If Centro was gonna go broke, they would have done it by now. When their news came out back in Dec, their share took a dive, and it went to $.42c and then back up. They have extentsions after extentsions, banks are not stupid. They know what they are doing. I believe Centro is not gonna go under, if this hurdle doesn't kill them, it will make them stronger. Property will ALWAYS go up in the long term. You cannot build more land. Propulation will always increase. Look at the last few months since Jan til May, it is still around the $.45 cents mark. Trying to play the ups and downs it is simply too hard. Just let it sit there, and look at it 2years later. They are like the Energizer, Never say die. |
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By: greggroach2003
3 days ago (Saturday, 6:52 pm) Yahoo! Profile:
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Admire the optimism...but in 3 - 4 years CNP could be nothing more than a bad memory. If this class action is successful - question has to be asked - who else is going to get in the queue to sue over doing their dough after investing and not getting, what they consider to be, a full disclosure ? Dont forget a lot of instos and funds got in around the $9 mark, after doing there homework on available information. If they lose bucket loads coz that info is incomplete - someone has to pay. If it is found that CNP have not been fully "disclosive"? - do ASIC then step in ?
Next question - would you be willing to finance any entity with so many question marks hanging over it? |
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By: flickjm
3 days ago (Saturday, 6:28 pm) Yahoo! Profile:
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Ecchi
I sold on Friday when the sp started to decline. I thought I could look to re-enter either later in the day or at some other time and glad I did too now.
Although the law suits (IMF and Slater & Gordon) as you know may could take 3 - 4 years or longer by which time yesterday in CNP's history may all be a bad memory. Also do you think that CNP's liability insurance would cover such aspects? It is unfortunate really given that it will mean some corporate attention and money away from the core business.
The timing of the actions was to be predicted really - max publicity for the firm IMF (their sp rising nicely in the last 3 days of this week LOL).
Time will tell - I think there is plenty of trading left in CNP and look to see what fires up before the end of the month.
http://www.theaustralian.news.com.au/story/0,25197 ,23672780-20501,00.html
It is also worth re-visiting this article from The Speculator.
http://www.businessspectator.com.au/bs.nsf/Article /Salvage-operation-D45X3?OpenDocument
I noticed too that the Arabs took a quick look at CNP but decided against it b/c of the complicated nature of the whole set-up (one can only agree it is complicated but nevertheless fascinating) but if the set-up is simplified somewhat (refer interview with GR) then more parties may be interested in Centro if need be.
http://www.businessspectator.com.au/bs.nsf/Article /KGB-INTERROGATION-Glenn-Rufrano-EGABT?OpenDocumen t
Good luck to current holders:) |
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By: tanned_oz
3 days ago (Saturday, 6:21 pm) Yahoo! Profile:
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| One of two ways CNP can go. Liquidation or buyout. I just need to get back to $1.06 so that I can get out even. Fingers and toes are crossed but I am not holding my breath. |
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By: riskpirate
3 days ago (Saturday, 4:44 pm) Yahoo! Profile:
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| Greggy, wot have they been doing to you?Every time i see your name you have been deleted? |
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By: greggroach2003
3 days ago (Saturday, 3:59 pm) Yahoo! Profile:
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| If you're attitude counts for anything - they oughta be $10 by Xmas for ya...and i hope you;re right ! Good luck to ya! |
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By: selmax111
3 days ago (Saturday, 2:13 pm) Yahoo! Profile:
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| you guys, no guts no glory. I've got 55,000 shares and I bought them when it was .44c in Jan 08. It is going to go up and down, the way I see it is, just leave it in there, and look at it 24months later. I drive pass 3 Centro Shopping centre everyday and night to go and from work. It is still there, it will still be there (I believe). Have faith! Centro only specialize in small supermaket type center, people are still need to eat regardless what the economy is like. They are not going to drive 40mins to just buy a piece of bread. They are going to go to their locals, and most locals are own by Centro! I believe three years from now, at a x'mas party, over a few beers, "How much was it when you brought Centro? Was it $2.75? They just climbed over $7.25! No, mate, I bought them when it was $.44c! Let me buy you another drink. |
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By: greggroach2003
3 days ago (Saturday, 7:07 am) Yahoo! Profile:
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| Maybe the downturn in s.p was something to do with anticipation of the claim being lodged? When you do the numbers $100m - is less than 2% of the $5.4b problem....and even if the claim is doubled - still less than 4%. The problem as i see it, is the negative sentiment may have been re awoken and could cause a run on the stock to get out. Brings to mind the old adage shares go up by the stairs and down by the elevator.....or something like that. I wont say what i'd be doing first thing Monday - but cutting any losses may be a good start....or you can find out whether you truly have BOS..and hang on and hope. Good luck mate - whichever way you go. |
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By: ecchi.gaijin
4 days ago (Friday, 10:21 pm) Yahoo! Profile:
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| I actually sold my last parcel of CNP earlier in the week. But stupid me jumped back on. Fingers cross they come good but the closing price doesn't look promising. |
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By: greggroach2003
4 days ago (Friday, 6:07 pm) Yahoo! Profile:
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Thx. You should be used to erratic/haphazard/clueles s moderation by now..this is Yahoo isn;t it ?
While i hope for the best for Ecch and his dabble in this one - I think it may take more than steel agates to get them out of this one. |
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