CNP 0.00% 4.0¢ cnpr group

good result for cnp according to analysts

  1. 1,672 Posts.
    The AFR is reporting that according to UBS the April 30 and September 30 extensions 'were better than anticipated' as time frame pressures would clearly impact price-realisation ability - and the length of the extension would mean CNP had a suitable time frame to conduct asset sales at book value or higher rates.

    I think we may see a SP rally as the market digests this and realises the reclassification of debt to current (ie less than 12 months) is outweighed by CNPs ability to sell its very highly regarded assets.
 
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