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Centro’s temporary retrieve gives some indication that the three-tiered banking syndicate, owed $5 billion by Centro, hopes to salvage some value from the struggling company. "
I bet, at $0.002 cents a share even at todays price the banks share is worth over $4.3 mil. Not a bad...
You think?
According to my cals there is about 822,222,222 shares currently on issue. For 75% (90.1-14.9) of this shares (ie for 616,666,666) the banks are paying $1.05 mil + 7years of compond interest (say at 7%pa), which comes to about$1,654,555. this works out to be less then $0.002 cents...
The cloud hanging over Centro had dipressed all property trusts as it has the potential to wipe off a large chunk of property value. If Centro gets their extention tomorrow, Westfield will also fly up.What you think?
I was just explained that there are two actions in a short sell, one is to purchase a put option with a much lower price then the current share price (this sort of works as an insurance against a drop in a price) and second is to lend your shares for a fee to short sell. Thus when the price...
I am thinking along the same lines. It escapes me. The quantities of shares being borrowed is huge therefore they must belong to some institutions , such as super fund managers. Why would any fund manager lend the shares to drive the entity down to a point of business destruction, like in the...
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