Markets hate uncertainty, so it was no surprise that investors are fearing the worst after Allco Finance Group indefinitely delayed the release of its half year result and ANZ identified three specific problem exposures which generated additional provisions of $363 million, writes Stephen Mayne.
Continuous disclosure
Your Say: Daily Mail readers' feedback: Comments, corrections, clarifications, and c*ckups
The Crikey F-ckability Index … Centro and chief executive bonuses … The credit crunch fallout … Noel Pearson … Flint and Bali … Maxine and Bennelong …
Centro fails on continuous disclosure
The market clearly believes the Centro management company is stuffed and it will be the lenders owed $18 billion, plus the frozen wholesale co-investors in the shopping centres who will get first crack at Centro’s 124 centres, 67 of which in the US are reportedly already on the market.
